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Cash Transfusions

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Proof of our topsy-turvy world: China has gone from making our sneakers to bailing out our distressed skyscrapers. Specifically, the Bank of China is lending more than $250 million to refinance Curbed favorite 3 Columbus Circle, the former Newsweek building that came within a hair of being snatched up by Related's Stephen Ross and demolished right after completing a $100 million facade facelift. We, for one, welcome our new Communist overlords. [WSJ]