Deals
Goldman Unit Said in Talks to Give Up Tower to NorthStar
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NorthStar Realty Finance Corp. is in talks to seize Chicago’s John Hancock Center from owners including Goldman Sachs Group Inc.’s Whitehall real estate unit, according to two people with knowledge of the discussions.
The New York-based commercial property lender and investor owns junior debt on the building, Chicago’s fourth-tallest, said the people, who asked not to be identified because the talks are private. The $182 million mortgage on the property yesterday was transferred to a firm that specializes in troubled loans after the borrowers defaulted, according to Fitch Ratings.