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Posted on: Feb. 25, 2020, 1:01 p.m.
New York’s Waldorf Astoria hotel will be re-opened this week as a condominium building. : (Bloomberg)—New York’s shuttered Waldorf Astoria will re-emerge this week as a condo building, testing whether nostalgia for a cherished landmark can spark high-dollar deals in a market glutted with luxury homes. The Park Avenue property, a high-society hangout that counted Frank Sinatra and Marilyn Monroe as tenants, has been getting primed for this moment since 2015. That’s when China’s Anbang Insurance Group Co. bought it ... Full investment news article