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Real Estate Rumor Mill: HFZ, NYC Hotels, Drinker Biddle

By Natalie Rodriguez ( March 20, 2015, 2:49 PM EDT) -- HFZ Capital Group is reportedly in talks to have SL Green Realty Corp. and JPMorgan Chase provide about $500 million in financing to help fund an $870 million acquisition of a plot of land near Manhattan's famed High Line, Crain's reported, citing unnamed sources. HFZ's deal to purchase the land for about $1,100 per square foot was struck late last year and would be one of the most expensive development parcel deals the city has ever seen, Crain's said....

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