Thursday, June 02, 2005

Apprentice TV Show Star Still Loves Real Estate

Property mogul Donald Trump and a group of Hong Kong investors have struck a $1.8bn deal to sell a parcel of land in Manhattan in another sign that New York's real estate market is booming.
Private equity firm Carlyle Group and Extell Development Corporation, developer of the 60-story Orion condominium tower near Times Square, have tentatively agreed to buy the parcel of land that Mr Trump originally bought in 1985 for $82m.


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