A US arbitrator has ordered HNA Group to pay more than $185 million to SL Green, an investor in the Chinese conglomerate’s bankrupt Manhattan skyscraper, after the joint venture partners fell out over their failure to replace a departed anchor… Read More>>
HSBC to Let HK Staff Work at Home Four Days a Week and More Asia Real Estate Headlines
In today’s roundup of news headlines, HSBC prepares to let Hong Kong staff work as many as four days a week from home, giant Singaporean developer CapitaLand clenches green loans to finance tech parks in India, and an SL Green-led… Read More>>
Korea’s NPS Links Up with SL Green, Hines and KPF on $2.3B NYC Project
Korea’s National Pension Service and US developer Hines have teamed up to buy a 49.5 percent stake in a $2.3 billion New York redevelopment that lead architects Kohn Pederson Fox are billing as one of the jewels of 21st century… Read More>>
Evergrande Approved to Raise RMB 2.25B in ABS and More Asia Real Estate Headlines
China’s drive to reduce leverage has been in the headlines since last year, but not everyone seems to have heard the news, as developer China Evergrande Group just was approved to add more than $350 million in new debt in… 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>>
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>>
Bank of China Joins $1.5B Consortium Funding $3.1B NYC Project
The Chinese investment surge in Manhattan continues, as Bank of China has been announced among the partners that will provide a $1.5 billion construction loan for a new office tower that will rise above the neighboring Empire State Building.
The… Read More>>