Check them at every turn, then roll them…
U.S. requires Chinese firm to shed some of the Chinese-held real estate near Trump Tower
The Wall Street Journal reports that the U.S. government is requiring a Chinese company, the HNA Group, to sell its stake in a 21-story building in New York City near Trump Tower.
Among other tenants, the building at 850 Third Avenue (see map) houses a police precinct tasked with protecting Trump Tower.
According to WSJ:
The Committee on Foreign Investment in the U.S., which reviews whether foreign investments in the U.S. represent national-security risks, informed the Chinese company a couple of months ago it had to divest itself of its holding in the building, according to these people. CFIUS, as the committee is known, didn’t explain to HNA why it had to sell the property, one of these people said.
Reportedly, the HNA Group acquired its 90% interest in the building in 2016, shortly before Trump was elected. The article doesn’t mention it, but ordinarily, that 2016 purchase would have required a CFIUS review, and presumably got one. CFIUS is empowered in some cases to require foreign owners to sell after the fact, however, as well as being involved in initial purchase bids.