World Chasing U.S. Yield With 25% Increase in Deals

World Chasing U.S. Yield With 25% Increase in Deals

Andrew Harrer/Bloomberg

The families of Chinese real estate developer Zhang Xin and Brazilian banking billionaire Moise Safra bought a 40 percent stake in New York’s General Motors Building for about $1.4 billion, including debt, a person with knowledge of the deal said. That transaction, completed last week, values the 50-story tower near Central Park at about $3.4 billion.