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Is Lower Manhattan Now a Low-Employment Area?

2015/11/10 by Michael Cole Leave a Comment

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>>

80 South Seaport

China’s Oceanwide Holdings Buys $390M NY Project in 4th US Deal

2015/08/09 by Michael Cole Leave a Comment

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>>

126 Madison Avenue

Fosun Buys Stake in 47-Storey NYC Luxury Tower

2015/05/04 by Michael Cole Leave a Comment

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

2015/04/27 by Michael Cole Leave a Comment

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>>

7 Bryant Park New York

Bank of China Buys 30-Storey New York Tower for Nearly $600M

2014/12/09 by Michael Cole Leave a Comment

China’s hunger for real estate in global gateway cities was demonstrated again this week when word leaked that the Bank of China is purchasing a Manhattan office tower for a sum said to approach $600 million.

The big four Chinese… Read More>>

Ryan Serhant WeChat

NY Broker Sells $13Mil in Homes to Chinese Buyers via WeChat Mobile App

2014/04/08 by Michael Cole Leave a Comment

Smart brokers know the value of a good contact list when you need to close deals. But not many are clever enough to use their WeChat contacts to sell $13 million in homes to clients they have never met before… Read More>>

1 Chase Manhattan Plaza

Chinese Investors Help Drive Manhattan Office Investment to Record High

2014/03/03 by Michael Cole Leave a Comment

Investment in Manhattan office properties reached US$5.5 billion in 2013, with an influx of Chinese investors helping drive the market to a record high, according to a recent market study.

The report from international property consultancy Colliers International found that… Read More>>

SOHO’s Zhang Xin Wins $1 Bil Bid for GM Building in NYC – and more of Today’s China Real Estate Links | June 4, 2013

2013/06/04 by Michael Cole Leave a Comment

Here is a list of the day’s latest China real estate news collected from around the web:

  • SOHO’s Zhang Xin Wins $1 Bil Bid for GM Building in NYC

    A group of investors, including Chinese real estate tycoon… Read More>>

  • US brokers selling more Manhattan real estate to Chinese

    US Brokers Studying Mandarin as Chinese Rush into NY and SF

    2012/09/09 by Michael Cole Leave a Comment

    Stories in the New York Times and the San Francisco Chronicle this week point to Chinese billionaires driving a mini-boom in US luxury real estate.

    According to the New York Times, there is so much demand among Chinese wealthy individuals… Read More>>

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