A cross-border development unit of China Minsheng Investment has broken ground on its first project in San Francisco, where home will costs at least $2.5 million just to build. Also in the news, the “charitable foundation” which HNA set up… Read More>>
Greenland-Led Group Drops $2B Bay Area Project, Sells Site for $308M
A consortium led by Chinese property giant Greenland Group has completed its exit from what was once touted as a $2 billion project on the West Coast of the US less than two years after buying the site.
Greenland USA… Read More>>
HNA Said to Sell San Francisco Office Tower to Northwood Investors for $290M
HNA Group has reportedly sold an office tower in San Francisco for $290 million, marking yet another disposal of an overseas asset as the Chinese conglomerate seeks to pay off a debt pile estimated at $100 billion.
The airline-to-property group… Read More>>
Gemdale, Lincoln Put SF Office JV on the Block for Record Price
Chinese developers from Greenland to Wanda may be choking on their overseas property projects, but Shenzhen-based rival Gemdale could be in line for a big payday as it puts a newly completed, fully-leased San Francisco office building on the market.
Gaw US Fund III Secures $100M in New Cash
Hong Kong-based private equity real estate fund manager Gaw Capital Partners has raised another $50 million for its Gaw US Fund III commingled fund, according to a report in West Coast property news site The Registry citing a board meeting… Read More>>
Greenland-Led Chinese Consortium Said Dumping $2 Bil Bay Area Project
Greenland Group was once a leader of China’s outbound investment wave, snapping up nearly $19 billion in overseas real estate projects from Los Angeles to London over less than four years.
But the state-owned, Shanghai-based developer has reduced that nearly… Read More>>
Oceanwide Buys Historic SF Building as Add-On to $1.6B First & Mission Project
China Oceanwide, which is building the second-tallest skyscraper in San Francisco, has recently added to its landmark project by scooping up an adjacent retail property for $32.5 million. As reported in The Registry, the Beijing-based developer plans to renovate the… Read More>>
China Minsheng Buys 80% Stake in SF Bayside Project for Reported $100M
One of China’s largest private investment groups has teamed up with partners in the US to invest in a waterfront development site in San Francisco, joining a growing number of mainland and Hong Kong investors that are betting on the… Read More>>
Sino-Ocean Land Buys SF Office Building From Gaw Affiliate for $42M
Beijing-based Sino-Ocean Land has become the latest Chinese developer to bet on the Bay Area real estate market, after the state-owned giant bought a San Francisco office asset from Goodwin Gaw’s Downtown Properties, according to an account in TheRegistry.com.
Sino-Ocean,… Read More>>
China Vanke JV Acquires Pair of San Francisco Commercial Buildings
China Vanke has secured its second joint venture development project in San Francisco, according to an announcement this week by a financial institution which backed a pair of acquisitions by the top mainland developer and its San Francisco-based partner, Align… Read More>>
