Here is a list of the day’s latest China real estate news collected from around the web:
Beijing-based commercial property developer Soho China Ltd. on Wednesday lost a lawsuit over a premium piece of land in Shanghai’s Bund in one of the country’s most eye-catching legal battles in the real estate sector.
In the first-instance ruling, the Shanghai No. 1 Intermediate People’s Court nullified a previous stake transfer agreement between Soho China and Greentown China Holdings Ltd. and Shanghai Zendai Property Ltd. in December 2011 that gave Soho a 50-percent stake in a land project in Shanghai.
Columbia Pacific’s China-based affiliate Cascade Healthcare is partnering with one of China’s largest real estate developers and has a more than $100 million pipeline of senior care facilities in the works, including one that will open this year.
The partnership with Sino-Ocean Land, announced Tuesday, marks the first time a foreign senior living operator has worked with a leading Chinese developer and “creates a new model for the senior living industry in China,” according to Seattle-based Columbia Pacific.
A Shanghai-based real estate developer admitted Tuesday that it was building imitation Starbucks and FamilyMart stores as a ploy to persuade potential tenants that its development in Jiading district has already attracted well-known global franchises.
The unfinished stores, which bore the names of “Starbucss” and “FamilyMar,” show the commitment that at least one developer has made to a not-unheard-of ploy to entice businesses to lease its storefronts.