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William Tay, CEO of Ascendas REIT

CapitaLand Ascendas REIT ‘Pharms Out’ San Diego Office Complex

2022/10/03 by Christopher Caillavet Leave a Comment

Singapore-listed CapitaLand Ascendas REIT plans to convert one of its California office buildings into a life science property after fully leasing the asset to a US pharmaceutical company.

The trust formerly known as Ascendas REIT will equip the San Diego… Read More>>

Mapletree Investment

Mapletree Said Buying Would-Be Uber HQ in San Francisco Bay Area for $420M

2021/02/05 by Jon Peterson Leave a Comment

Singapore’s Mapletree Investments is making another bet on the future of the US tech economy as the Temasek Holdings-controlled real estate firm is linked to the pending sale of an office building in the San Francisco Bay Area.

The Uptown… Read More>>

jose huizar

Shenzhen Developer Agrees to Pay $1M Fine in California Bribery Scandal

2020/10/11 by Elizabeth Kerr Leave a Comment

China’s surge of overseas real estate acquisitions of the past decade continues to reap negative returns for the country’s developers with the merely unprofitable now giving way to a million dollar fine in one Los Angeles case.

A unit of… Read More>>

han xiaosheng oceanwide

China Oceanwide Selling San Francisco Project at $276M Loss

2020/01/23 by Michael Cole 1 Comment

Five years after purchasing the site of what was planned to be San Francisco’s second-tallest office tower, China Oceanwide Holdings has agreed to sell the unfinished project at a $276 million loss, according to a statement filed by the developer… Read More>>

GIC CEO Lim Chow Kiat

Singapore’s GIC, NYSE-Listed Summit Hotels Acquire Four US Hospitality Assets for $249M

2019/10/10 by Jan Kot Leave a Comment

Singapore’s sovereign wealth fund GIC has agreed to acquire four hotels along the west coast of the US for $249 million through a recently formed joint venture with Summit Hotel Properties, according to an announcement by the New York Stock… Read More>>

Zhang Li

Zhang Li’s US Firm Booted From Troubled Silicon Valley Projects

2019/08/11 by James Hatton Leave a Comment

Z&L Properties, which is privately funded by Guangzhou R&F Properties’ co-founder Zhang Li, has been kicked off two of its four development projects in California’s Silicon Valley after failing to hit contractually designated project milestones, according to local media.

San… Read More>>

Stephen Riady

Singapore’s OUE Puts LA Tower on the Market for $700M

2019/02/09 by Jesus Alcocer Leave a Comment

The US division of Singaporean developer OUE has put US Bank Tower, the second tallest building in Los Angeles, on the market for a reported $700 million in a deal which, if concluded at the asking rate, would be the… Read More>>

thomas feng oceanwide

China Oceanwide Halts Construction on $1B Los Angeles Project

2019/01/26 by Michael Cole 2 Comments

Developer China Oceanwide Holdings has halted construction on a $1 billion mixed-use project in Los Angeles that was previously scheduled to be completed this year, according to an account in the Los Angeles Times, citing a statement by the Beijing-based… Read More>>

Wanda Sells One Beverly Hills Project for a Reported $420M

2018/11/18 by Jan Kot Leave a Comment

Chinese billionaire Wang Jianlin has added a new chapter to the unwinding of his plans for a global real estate empire as reports last week confirmed that his Dalian Wanda Group had sold a prime Los Angeles site that was… Read More>>

goodwin gaw

Blackstone Agrees to Buy SF Office Complex From Gaw for $245M

2018/10/07 by Michael Cole Leave a Comment

Gaw Capital is selling a San Francisco office complex that covers three city blocks to Blackstone for $245 million, according to loan application documents filed by Blackstone in the US.

Stephen Schwarzman’s New York-based firm has signed an agreement to… Read More>>

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