JPMorgan Chase, which is on the verge of reaching a $13 billion mortgage settlement with the Justice Department, has agreed to sell its 60-story office tower at One Chase Manhattan Plaza in downtown New York to China's Fosun International for $725 million. Proskauer Rose is advising JPMorgan on the deal, while DLA Piper is taking the lead for Fosun—the firm's second major real estate deal for a Chinese buyer in recent weeks.
DLA, Proskauer Handle JPMorgan's $725 Million Skyscraper Sale
The Am Law Daily
October 21, 2013