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>>
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>>
China’s CIC Buys CPPIB Stake in Rockefeller Center Tower for $1.03B
China Investment Corporation (CIC) has forked out $1.03 billion to purchase a 45 percent stake in a building in New York’s iconic Rockefeller Center, a deal which makes the Chinese sovereign wealth fund one of the biggest buyers of Manhattan… 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>>
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>>
NYC Draws 80% of Chinese Cash as Mainlanders Pour $5.1B into US Real Estate
Maybe it’s the Donald Trump factor. Maybe it’s the Broadway shows. Whatever the reason, Chinese investors continue to be drawn to New York City, spending $4.1 billion on real estate assets in the Big Apple during the first half of… Read More>>