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>>
Gemdale Chooses Toll Brothers’ $500M Manhattan Condo Project for Latest US JV
Chinese real estate developer Gemdale Properties & Investment has set up its fifth US real estate joint venture in just over 13 months, and its second major project in Manhattan, according to an announcement yesterday to the Hong Kong stock… Read More>>
Greenland Aborts NYC Hotel Deal Linked to 1MDB Scandal After Feds Step In
It looks as if the US government has beaten Chinese developer Greenland Group to a 41 percent stake in Park Lane Hotel, following the Shanghai-based company’s quiet retreat from a Manhattan acquisition it first announced in May of this year.
Wanda Takes Theme Park Quest to Hunan in $16B Push and More Asia Real Estate Headlines
Wanda chairman Wang Jianlin is right where he likes to be, in the headlines. He revealed Dalian Wanda will spend $16 billion in Hunan province building malls, theme parks and various other things. Also of note, homebuyers are bailing on… Read More>>
Cups for $36M and Manhattan Homes for $23.5M — Chinese Tycoon Gets a Bargain NYC Pad
When a person spends $170 million on a painting, you would assume they wouldn’t go bargain hunting for a home. However, most people aren’t taxi driver-turned-investor Liu Yiqian. While some Chinese billionaires were paying more than $45 million for high-level… Read More>>
Shanghai Investors Team Up to Buy 61-Unit NYC Condo Project: Exclusive
A trio of Shanghai-based private equity investors have taken a majority stake in a 61 unit Manhattan condo development, as Chinese capital continues to find its way into the New York luxury residential market.
GEMA Capital Partners, with backing from… Read More>>
Gemdale Invests $70 Mil in NYC Condo Tower for 4th US Deal in 12 Months
Chinese real estate developer Gemdale Properties & Investment has made its fourth major investment in the US over the last 12 months, and its first in New York, as the Shenzhen-based firm continues to expand its North American footprint.
The… Read More>>
