A joint venture between Singapore-listed Soilbuild Construction Group and iProsperity, an asset manager which manages funds for Chinese high net worth individuals, has acquired a portfolio of US boutique hotels at a discount, braving the coronavirus crisis for the chance… Read More>>
Greystar Sells America’s Priciest Student Housing Block to Korean Consortium
Greystar Real Estate Partners has sold a university residential complex at the University of California at Davis to an investor consortium powered by Korea Investment & Securities in the largest ever trade of a single US student housing asset.
California-based… Read More>>
JP Morgan Selling 195 Broadway in NYC to Korean Investors for $500M
JP Morgan has reached an agreement to dispose of Manhattan’s landmark 195 Broadway to a consortium led by Korea Investment & Securities and Samsung SRA Asset Management for KRW 600 billion ($500 million), according to the Korea Economic Daily.
JP… Read More>>
China’s Biggest Construction Firm to Acquire New Jersey Site for $68 Mil
China State Construction Engineering Corporation (CSCEC), the biggest builder in China and the third largest in the world has joined the rush of Chinese companies buying US real estate, and is apparently buying a $68 million site in New Jersey.
Wanda Group Shopping for Hotels in the US
The Dalian Wanda Group, which made headlines earlier this year when it purchased US theatre chain AMC Entertainment, is going after more American assets – this time in the hotel sector.
Last week, the company’s chairman, Wang Jianlin, announced that… Read More>>