Dalian Wanda Group last week announced that it had agreed to sell its 90 percent stake in a Chicago property project for $270 million, closing out the last of an overseas property portfolio that once included projects in the US,… Read More>>
Mirae Selling Chicago Office Tower for $225M and More Asia Real Estate Headlines
A Chicago office block leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a South Korean investor is offloading the 31-storey property for $225 million – just $7 million more than its acquisition… Read More>>
Gaw, Sino-Ocean and Huarong Partner to Buy Chicago’s Soho House for $95M
A room for a night at Soho House Chicago will set you back about $365. Membership in the posh private club at the same address will cost you at least $2,100 per year. Or you can buy the whole building… Read More>>
GLP Expands US Footprint with Two Chicago Acquisitions
Amid recent reports of Global Logistic Properties (GLP) fielding offers for its $8.9 billion business, the Singapore-listed warehouse developer continues to expand its United States footprint by securing 42,000 square metres of logistics space through two acquisitions in the Chicago… Read More>>
China’s HNA Adds to $14B US Total with $360M Chicago Office Deal
HNA Group is reportedly acquiring a 50-storey Chicago office tower for nearly $360 million as the mainland conglomerate adds to its tally of more than $14 billion in US acquisitions over the past year.
An HNA affiliate has agreed to… Read More>>
Gaw Capital Buys Chicago Hotel for $60M
Hong Kong-based Gaw Capital has made its latest purchase of a US property asset after the cross-border real estate private equity specialist last week acquired a 285-room Chicago boutique hotel, together with a partner for $60 million.
A US subsidiary… Read More>>
Dalian Wanda Sells 20% of Units in $1Bil Chicago Project
Dalian Wanda Group is off to a strong start on its first luxury hotel-residential joint venture in the third-largest city in the US, with its development partner reporting that 20 percent of its available condominiums were sold since the project’s… Read More>>
Wang Jianlin’s Wanda Buys 90% of $900M Chicago Project
Dalian Wanda, the real estate developer owned by China’s richest man, reportedly has acquired a site in Chicago to develop a $900 million mixed-use residential, hotel and commercial complex.
The development project in Chicago’s Lakeshore East area is the third… Read More>>
Chicago Leads World’s Cities for Outbound Chinese Real Estate Investment in Q1
While cosmopolitan gateway cities have dominated the headlines about China’s wave of outbound investment in property, a distinctly middle-American metropolis beat out London by 33 percent and smoked Sydney by 91 percent in the race to attract Chinese capital during… Read More>>
