Hiten Samtani 🗞️(@hitsamty):This particular building is a lot more colorful than the Comptroller lays out here. It was bought in '17 at the height of Chinese skyscraper fever by "gray rhino" HNA for $2.2B. When HNA started feeling liquidity pressure, Manhattan giant SL Green wriggled into the capital stack, eventually taking over the distressed property when HNA went under. So yes, it's an indication of big tailwinds in leasing. But it's also a tale of some elite capstack-sniping.

Hiten Samtani 🗞️

@hitsamty

Founder @ ten31 Media. Co-host @thepromotepod . Sign up for The Promote - CRE's most plugged-in and entertaining email – now 👇

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Hiten Samtani 🗞️@hitsamty

2026.09.28 12:26

This particular building is a lot more colorful than the Comptroller lays out here. It was bought in '17 at the height of Chinese skyscraper fever by "gray rhino" HNA for $2.2B. When HNA started feeling liquidity pressure, Manhattan giant SL Green wriggled into the capital stack, eventually taking over the distressed property when HNA went under. So yes, it's an indication of big tailwinds in leasing. But it's also a tale of some elite capstack-sniping.

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