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>>
China’s Le Eco Big on Ideas, But Now Short on Cash After $250M US Real Estate Deal
When Chinese tech firm LeEco paid Yahoo $250 million for a California site this June, it looked like another mainland giant that had limitless cash and all the answers.
However, after the co-founder of the company referred to as the… Read More>>
They Love LA – Wealthy Chinese Pick Los Angeles as Top Destination
America’s new president may talk about slamming the door on immigrants, but for Chinese millionaires the US is still their top choice and sunny LA has most-favoured city status, according to a recent survey.
Los Angeles ranked as the top… Read More>>
Miami Investor Flips SF Building to Shanghai Lingang to Make 44% Profit in 17 Months
A state-owned firm set up to develop a Shanghai satellite town around the city’s port has found a new safe harbor for its cash, parking $42.6 million into the purchase of a six-storey office building in downtown San Francisco.
Shanghai… Read More>>
HK’s Great Eagle Buys SF Site Near Twitter for $19.8M
Hong Kong developer Great Eagle has become the latest Chinese real estate company to bet on San Francisco’s property market by purchasing a development site in the city’s Central Market area for $19.8 million, according to public records.
Great Eagle has… Read More>>
Oceanwide Buys 186K Sq Meter San Francisco Project for $296M
China’s Oceanwide Holdings seems determined to make a big splash in the California real estate market after it was revealed this month that the Shenzhen-listed property developer acquired a two million square foot (186,000 square metre) mixed-use project in San… Read More>>
Chinese Entrepreneur Buys Nicklaus-Designed Golf Course in Silicon Valley
Chinese investors have bought a number of high profile overseas assets in recent years, including dropping $500 million for a yacht maker, and buying the Chase Manhattan building in New York for $725 million. Now one Beijing-based entrepreneur has bought… Read More>>
Queen of England in Real Estate JV with Chinese Govt to Buy Mall
The Crown Estate, which manages the Queen of England’s real estate assets, announced late last week that it had joined with an investment-arm of the Chinese government to buy a shopping centre in the UK for £345.5 million ($576.76 million).
London Biggest Draw as China’s Outbound Real Estate Investment Jumps 17%
China’s outbound investment in real estate jumped 17 percent during the first half of 2014, with London receiving more than $2.3 billion in capital inflows according to a statement today from an international property consultancy.
Overall Chinese outbound investment in… Read More>>
Wang Jianlin’s Wanda Buys 90% of $900M Chicago Project
Dalian Wanda, the real estate developer owned by China’s richest man, reportedly has acquired a site in Chicago to develop a $900 million mixed-use residential, hotel and commercial complex.
The development project in Chicago’s Lakeshore East area is the third… Read More>>