HNA Group has the highest interest expenses among Asian companies in the financial year of 2017, even topping Japanese conglomerate Softbank Group, according to a Bloomberg report. To address a debt crisis triggered by its recent two-year acquisition binge the… Read More>>
State-Owned Shanghai Giant Teams Up with Toll Bros on $323M NYC Condo Project
The Shanghai government-owned firm best known for developing China’s tallest building is partnering with US luxury home builder Toll Brothers on a $323 million, 19-storey condo project in lower Manhattan.
NYSE-listed Toll Brothers announced last week that its urban development… Read More>>
Gaw Capital Scoops Up Manhattan Hotel for $323M
Hong Kong’s Gaw Capital has bought a boutique hotel in Manhattan’s meatpacking district for $323 million, officially sealing a deal that was first reported back in August.
The private equity firm acquired the Standard Hotel through the limited liability company… Read More>>
URWork To Land in Fosun’s 28 Liberty in Manhattan
China’s URWork has joined forces with an American flexible office provider to open its first US location in downtown Manhattan, as the battle for co-working domination intensifies. The $1.3 billion Beijing startup that aims to be China’s answer to WeWork… Read More>>
Ascott REIT Buys Times Square Hotel for $106M in 3rd NYC Acquisition
Ascott Residence Trust purchased a 224 room hotel near New York’s Times Square in the Singapore-listed REIT’s third New York hospitality acquisition in under two years, according to an announcement today by Ascott Residence Trust Management (ARTML), which manages the… Read More>>
CSCEC US Unit Enters NYC Market with $140M Condo Investment
A US-based subsidiary of China’s largest construction firm has entered the New York City real estate market by taking a $140 million stake in a Manhattan condo project.
Strategic Capital, an investment affiliiate of state-owned China State Construction and Engineering… Read More>>
HNA Puts Manhattan Tower on the Block as China’s Mega-Buyer Starts Selling
Just one week after reports surfaced that HNA was considering buying a $2.2 billion skyscraper on Manhattan’s Park Avenue the hyperactive Chinese conglomerate has announced that it is exploring the sale of another building just a half-mile down West 47th… Read More>>
China’s HNA Said Buying Park Ave Tower for $2.2 Bil in Latest NYC Deal
Reports of capital controls and falling investment numbers have raised doubts on the future of China’s wave of outbound real estate investment, but meddling bureaucrats and capital account figures seem to be no match for China’s high-flying HNA Group.
HNA… Read More>>
SL Green Sells $525M Stake in NYC Tower to Korea’s NPS, Hines
New York’s biggest office landlord has scored $525 million in new funding for a $3.2 billion Manhattan development, thanks to a recent agreement with Korea’s National Pension Service (NPS) and a division of Houston-based developer Hines.
According to a statement… Read More>>
Singapore’s GIC Buys Deutsche Bank NYC Headquarters for $1.04 Bil
GIC has agreed to purchase a 95 percent stake in a New York office building for $1.04 billion, according to a statement this week by the Singaporean sovereign wealth fund.
The Southeast Asian mega-investor acquired 60 Wall Street from New… Read More>>