Cash-strapped HNA Group is said to be in talks to sell a Manhattan office building for $452 million — taking a haircut on its remaining New York real estate asset — after the US government reportedly ordered the Chinese firm… Read More>>
Trump Said Forcing HNA to Sell $463M NYC Office Tower
HNA has already sold more than $17 billion in assets in 2018, but even that hypersonic rate of disposals may not be fast enough for the US government, which is now said to have given the Chinese conglomerate an ultimatum… Read More>>
HNA Said Selling Stake in $2B 245 Park Avenue Tower to SL Green
HNA Group is said to be selling off a controlling stake in its Manhattan office tower at 245 Park Avenue to real estate investment trust SL Green Realty, amid a panic sale of more than $14.5 billion in assets by Chinese… Read More>>
China’s Biggest Co-Working Operator Opens in New York with High Hopes, New Name
China’s biggest co-working operator has finally opened shop in New York City – and it only took nine months, a legal settlement and a name change to get there.
Mao Daqing’s Ucommune, formerly known as UrWork, gave a series of… Read More>>
The $1B NYC Tower That Woulda, Coulda Been Wanda’s
Dalian Wanda’s story in the last year has been a cascade of woe as the one-time world-beating investor has sold off projects in the UK, Australia and China due to a mix of regulatory and financial pressures.
However, a recently… 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>>
Gaw Capital Reportedly in Talks for $340M Manhattan Hotel
Hong Kong private equity shop Gaw Capital Partners is reported to be in talks to add a boutique New York hotel to its $8 billion global property portfolio. Sources told The New York Post that a Gaw-controlled fund is in… 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>>
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