GE has sold Crotonville, its management academy outside New York City, to an entity made up of real-estate investors and family offices for $22M, The Wall Street Journal’s Chip Cutter reports, citing people familiar with the matter and the deed of the sale. It will now function as a conference center able to be booked by outside groups, according to the report. GE‘s decision to sell Crotonville reflects its split into three separate companies.
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