Hong Kong Monetary Authority, the city’s de facto central bank, has become the latest Asian investor to jump into the New York market after investing $1.15 billion to acquire a 49 percent stake in an office tower in at 1095… Read More>>
Greenland NYC Deal Tied to Key Figure in Malaysia’s 1MDB Scandal
The latest New York deal by China’s Greenland Group took a new twist last week when it was revealed that the mainland mega-developer bought its 41 percent stake in Manhattan’s Park Lane Hotel from Jynwel Capital, a company controlled by… Read More>>
Are Chinese Buyers Bringing Down NYC’s Billionaire’s Row?
Hard times have been hitting New York’s “Billionaire’s Row” – aka 57th Street from Park Avenue to Columbus Circle in Manhattan, with sales at luxury condo projects along the exclusive strip of Manhattan real estate disappointing in 2016, after years… Read More>>
Is Witkoff Telling Shanghai’s Greenland Group to Prepare for a Storm in NYC?
China’s Greenland Group may come to regret investing in the renovation of New York City’s Park Lane Hotel. At least, that’s a parsing of statements from its main partner on the project, who recently reiterated his conviction that sales are … Read More>>
China Orient Asset Management Buys Stake in NY’s 61 Broadway for $216M
One of China’s state-backed “bad asset banks” paid $216 million last week for a 49 percent stake in a historic New York skyscraper, as Chinese investors continue to acquire New York properties.
China Orient Asset Management (International), a Hong Kong-based… Read More>>
Xinyuan Moves into Manhattan with $57.5M Midtown Condo Deal
Chinese developer Xinyuan Real Estate is taking on its first project in Manhattan after closing on a $57.5 million residential site earlier this month.
The NYSE-listed company signed preliminary agreements to acquire the land at 615 10th Avenue in Manhattan’s… Read More>>
Is Lower Manhattan Now a Low-Employment Area?
Politicians pushing to reform America’s EB-5 visas may have been handed some extra ammunition this month when the builder of the World Trade Center in lower Manhattan revealed that it was seeking to raise $500 million for the latest phase… Read More>>
China’s Oceanwide Holdings Buys $390M NY Project in 4th US Deal
Chinese real estate developer Oceanwide Holdings is taking on its fourth US project after agreeing to acquire a pair of Manhattan sites for $390 million.
Oceanwide acquired the project through its Hong Kong-listed subsidiary, China Oceanwide Holdings, which announced last… Read More>>
Fosun Buys Stake in 47-Storey NYC Luxury Tower
Fosun Group, China’s largest private investment firm, made its second US property investment last week when it bought a stake in a 47-storey luxury residential project on New York’s Madison Avenue.
For the project, Shanghai-based Fosun is partnering with a… Read More>>
Chinese Investment in NY Real Estate Predicted to Reach $50 Bil
Chinese investment in New York real estate jumped 43 percent to reach $3 billion in 2014, but some experts predict the trend will go much higher still.
How much higher? According to Bob Knakal, Cushman & Wakefield’s Chairman of New… Read More>>
