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  • Red Star over JPMorgan’s One Chase Manhattan

    10/19/2013 7:15:42 AM PDT · by IbJensen · 8 replies
    DC Clothesline ^ | 10/19/2013 | Staff
    Gus Delaporte reports for the Commercial Observer, Oct. 18, 2013, that Chinese conglomerate Fosun International has agreed to acquire JPMorgan’s former headquarters in Manhattan — the 60-story, 2.2 million square-foot One Chase Manhattan Plaza at 16-48 Liberty Street — for $725 million. JPMorgan Chase & Co. had put the 60-story, 2.2 million-square-foot building up for sale in August. Tyler Durden of ZeroHedge calls the &725 million price tag “measly” and notes that the iconic 1 Chase Manhattan had been built by none other David Rockefeller, and that Fosun International, also known as “Shanghai’s Hutchison Whampoa,” is China’s largest private-owned conglomerate...