banker no.5, page-28

Amazing agentm that the Chinese bought the headquarters for 1/3 of the value, something is seriously going down at jpm. This was the purchase back in October for those that don't believe it.

JPMorgan Chase has sold the One Chase Manhattan Plaza skyscraper to Fosun International for $725 million, the latest in a series of New York real estate purchases by Chinese investors.
The purchase was disclosed Friday in a regulatory filing by Fosun, a Shanghai-based conglomerate that controls large swaths of China's pharmaceutical, investment, property and steel industries.

The 60-story Lower Manhattan office building is a New York landmark, and one of the anchors of the city's financial district. It's not yet clear whether the building will continue as a commercial space, or be converted to an apartment building. A JPMorgan spokesman did not immediately respond to a request for comment.
A spokeswoman for Fosun said that property will only grow in value, citing its prime location and the renovation of the nearby Fulton Street transportation hub.
The purchase is the second major property acquisition by a Chinese company in recent days as buyers with money to burn look for value outside China.