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5 Corporate Avenue

Shanghai Office Rents Stable as New Towers Debut

2014/07/23 by Michael Cole Leave a Comment

Grade A office rentals in Shanghai held fast during the second quarter, despite three major new buildings coming on the market. However, the outlook for 2015 and beyond could hold trouble for some projects as the city now has more… Read More>>

Fortune China 100

Half of China’s Real Estate Royalty Drop Out of 100 Richest Families

2014/07/22 by Michael Cole Leave a Comment

While China’s real estate downturn has yet to create the kind of distress seen in the US in 2008, it still is taking a toll on the fortunes of the country’s commercial kings and queens, according to Fortune magazine.

In… Read More>>

SOHO China Harvard

SOHO China Owners Give $15M for Harvard Scholarships

2014/07/17 by Michael Cole Leave a Comment

China’s real estate elite continued to build bridges with the US this week when Zhang Xin and Pan Shiyi – the flamboyant couple behind developer SOHO China – announced a $15 million gift to Harvard University.

The pair of property entrepreneurs donated… Read More>>

Tong Jinquang Summit Property

Chinese Developer to Buy 60% of Singapore REIT IPO

2014/07/17 by Michael Cole Leave a Comment

The real estate billionaire behind a Shanghai shopping mall and hotel plans to buy up the majority of an upcoming Singapore REIT offering as China’s property developers continue to look for ways to invest their wealth overseas.

According to a… Read More>>

Jon Zehner LaSalle

LaSalle Raises $1B to Invest in Asian Real Estate

2014/07/16 by Michael Cole Leave a Comment

Despite signs of a downturn in Asian property markets, the region’s real estate sector received another vote of confidence from international investors this week, when LaSalle Investment Management announced its successful recruitment of $1 billion in new equity for investment… Read More>>

Mercer Expat Survey 2014

Shanghai and Beijing Rank as 10th and 11th Most Expensive Cities

2014/07/14 by Michael Cole Leave a Comment

New York is cheaper than Beijing and London’s a better bargain than Shanghai, but at least Hong Kong is cheaper than Luanda, Angola.

A report on the cost of living in major cities around the world shows that Hong Kong, Singapore,… Read More>>

foreign buyers of US homes

Chinese Grab $22B in US Homes to Become Biggest Foreign Buyers

2014/07/10 by Michael Cole Leave a Comment

Chinese purchases of US homes rose 19 percent during 2013 to total $22 billion in housing purchases. The surge in spending made China the leading foreign buyers of US homes with 24 percent of US housing purchases by foreign buyers… Read More>>

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>>

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