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Dalian Wanda Chicago

Wang Jianlin’s Wanda Buys 90% of $900M Chicago Project

2014/07/09 by Michael Cole 1 Comment

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>>

Song Weiping Greentown China

Zhejiang Developers Now Guaranteeing That Prices Will Go Up

2014/07/02 by Michael Cole Leave a Comment

The problem with China’s real estate market in 2014 is confidence, and whether there is too much confidence or not enough of it may depend upon which side of a deal you are sitting on.

Developers in Zhejiang – one… Read More>>

Atlantic Yards

Greenland Group Closes on $4B Deal with NY’s Ratner

2014/07/02 by Michael Cole Leave a Comment

The US subsidiary of China’s Greenland Group announced this week that it has closed a joint venture deal to develop Atlantic Yards, a 22-acre residential and commercial real estate project in Brooklyn, New York.

Under the terms of the agreement,… Read More>>

Yuehe International Plaza

Shanghai Project Frozen By Courts as Developer Can’t Pay Bills

2014/06/30 by Michael Cole Leave a Comment

The credit problems of China’s real estate industry spread into its first-tier cities recently when a 220,000 square metre development project was halted by the courts after the developer ran out of cash.

The suspension of the mixed-use project belonging… Read More>>

China Construction Bank London

China Construction Bank Buys London Office Tower for $187M

2014/06/27 by Michael Cole Leave a Comment

For the second time this month a Chinese financial institution has acquired a London office building, as China Construction Bank was revealed today to have purchased a tower in the city’s financial district for 110 million pounds ($187 million).

China… Read More>>

Yang Dingguo Zhongdou Group

Hangzhou Developer Arrested After Loan Default and Fraud Reports

2014/06/25 by Michael Cole 1 Comment

China’s real estate industry and the shadow banking network that it relies on received a collective black eye this week when a Hangzhou developer first defaulted on loan payments, and was later arrested on fraud allegations surrounding RMB 2 billion… Read More>>

10 Upper Bank Street Canary Wharf

China Life Buys 70% of London Tower in $1.35B Deal

2014/06/23 by Michael Cole Leave a Comment

China’s cashed up investors landed another billion dollar property last week when the country’s biggest life insurer teamed up with an investment firm belonging to the Qatari government to buy an office building along London’s Canary Wharf for 795 million pounds… Read More>>

Twin 1km Tall Wuhan Phoenix Towers are Latest Supertall Scheme

2014/06/19 by Michael Cole Leave a Comment

A matched pair of hyper-green, male and female, towers are set to stretch a full kilometre from the ground in the central Chinese city of Wuhan, if a local chemical company and some London architects succeed in a recent architectural… Read More>>

Du Shuanghua

Controversial China Steel Magnate Linked to $468M Paris Hotel Deal

2014/06/17 by Michael Cole Leave a Comment

A company linked to controversial China steel tycoon Du Shuanghua has agreed to buy an international hotel along Paris’ historic Champs-Elysee for 344.5 million euros ($468 million).

Hong Kong-listed Kai Yuan Holdings Ltd (1215), whose primary business is investment in… Read More>>

Waow Plaza Hangzhou

Wahaha Goes Boohoohoo in Hangzhou Mall Default

2014/06/13 by Michael Cole Leave a Comment

Leasing out retail space is as easy as selling colored sugar water to babies, or at least it looked that way to China beverage magnate Zong Qinghou when he opened his first Waow Plaza mall in Hangzhou in 2012.

Now… Read More>>

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