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1285-sixth-avenue

China Life Teams With RXR to Buy NYC Office Tower for $1.65 Bil

1285-sixth-avenue

2016/05/26 by Bruce Haring 1 Comment

China Life Insurance Group has taken an undisclosed equity stake in New York City office tower 1285 Sixth Avenue in partnership with developer Scott Rechler’s RXR Realty. The $1.65 billion deal continues the recent overseas buying spree by China’s insurance… Read More>>

China Life Insurance Group has taken an undisclosed equity stake in New York City office tower 1285 Sixth Avenue in … Read more>>>

Wheelock chairman Douglas Woo

China Taiping Insurance Said Buying Kowloon Office Project for $580M

Wheelock chairman Douglas Woo

2016/05/26 by Spencer Sheehan Leave a Comment

China Taiping Insurance is rumored to have won the race to acquire the One Harbourgate East Tower in Kowloon with a bid of HK$4.5 billion ($579.6 million), marking another foray by mainland financial services companies into the Hong Kong property… Read More>>

China Taiping Insurance is rumored to have won the race to acquire the One Harbourgate East Tower in Kowloon with a bid … Read more>>>

China’s CIC Invests $700M in Brookfield’s 1 New York Plaza

2016/05/25 by Michael Cole Leave a Comment

Mainland sovereign wealth fund China Investment Corporation has made its first significant US real estate investment, acquiring a 49 percent interest in the 1 New York Plaza office tower from Brookfield Property Partners for $700 million, according to reports in… Read More>>

Mainland sovereign wealth fund China Investment Corporation has made its first significant US real estate investment, … Read more>>>

wu xiaohui

Did Anbang Just Secretly Spend $1.6B to Buy a Canadian Hotel Chain?

wu xiaohui

2016/05/25 by Bruce Haring Leave a Comment

After withdrawing its $14 billion bid for Starwood Hotels & Resorts on April Fools’ Day, China’s Anbang Insurance Group has apparently moved on to acquire a hotel group in Canada, as what appears to be an affiliate of the mainland… Read More>>

After withdrawing its $14 billion bid for Starwood Hotels & Resorts on April Fools' Day, China’s Anbang Insurance … Read more>>>

Greenland Centre Sydney

Greenland Sydney Project Loses Builder, Chinese Developer Promises to Keep Schedule

Greenland Centre Sydney

2016/05/24 by Michael Cole Leave a Comment

Shanghai’s Greenland Group has parted ways with the builder hired to construct the A$700 million ($501 million) Greenland Centre Sydney with work on the 235-metre tower scheduled to start this month.

The state-run Chinese developer and Brookfield Multiplex this week… Read More>>

Shanghai’s Greenland Group has parted ways with the builder hired to construct the A$700 million ($501 million) … Read more>>>

Jho Low Paris Hilton

Greenland NYC Deal Tied to Key Figure in Malaysia’s 1MDB Scandal

Jho Low Paris Hilton

2016/05/23 by Bruce Haring Leave a Comment

The latest New York deal by China’s Greenland Group took a new twist last week when it was revealed that the mainland mega-developer bought its 41 percent stake in Manhattan’s Park Lane Hotel from Jynwel Capital, a company controlled by… Read More>>

The latest New York deal by China's Greenland Group took a new twist last week when it was revealed that the mainland … Read more>>>

Xinhua Cites Spectre of Money Laundering After Chinese Student Buys $24M Vancouver Mansion

2016/05/23 by Guo Chen Leave a Comment

The growing wave of overseas property purchases by Chinese nationals could fuel money laundering, Chinese state media has warned, after it emerged recently that a Chinese student reportedly bought a C$31 million ($23.5 million) mansion in Canada.

In an unusually… Read More>>

The growing wave of overseas property purchases by Chinese nationals could fuel money laundering, Chinese state media … Read more>>>

Wang Shi Vanke

Vanke Invests in $200 Mil Seattle Apartment Tower

Wang Shi Vanke

2016/05/19 by Bruce Haring Leave a Comment

China Vanke, the mainland’s largest residential developer, has agreed to invest in a project to develop a apartment complex near Seattle, Washington’s famed Space Needle.

The $200 million joint venture deal with California-based Laconia Development marks Vanke’s first foray into… Read More>>

China Vanke, the mainland’s largest residential developer, has agreed to invest in a project to develop a apartment … Read more>>>

Chinese in NYC

Beijing Storefronts Now Selling the American Dream and Golf

Chinese in NYC

2016/05/18 by Guo Chen Leave a Comment

For many rich residents in the neighbourhood of Shuangjing near Beijing’s central business district, South Carolina is not far away.

Decorated with transparent glass and maroon-coloured signs, USA City Exhibition, situated on a bustling, narrow street corner flanked by high-end… Read More>>

For many rich residents in the neighbourhood of Shuangjing near Beijing’s central business district, South Carolina is … Read more>>>

One57

Are Chinese Buyers Bringing Down NYC’s Billionaire’s Row?

One57

2016/05/16 by Bruce Haring Leave a Comment

Hard times have been hitting New York’s “Billionaire’s Row” – aka 57th Street from Park Avenue to Columbus Circle in Manhattan, with sales at luxury condo projects along the exclusive strip of Manhattan real estate disappointing in 2016, after years… Read More>>

Hard times have been hitting New York's "Billionaire's Row" – aka 57th Street from Park Avenue to Columbus Circle in … Read more>>>

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