Asia real estate and outbound investment news
Blackstone and GLP announced today that they had reached an agreement for the New York-based alternative investment firm to purchase US warehouse assets from the Singapore-based logistics real estate firm for $18.7 billion.
The transaction, which comes just over one… Read More>>
Developer China Oceanwide Holdings has halted construction on a $1 billion mixed-use project in Los Angeles that was previously scheduled to be completed this year, according to an account in the Los Angeles Times, citing a statement by the Beijing-based… Read More>>
Four of the biggest Chinese investors in Los Angeles real estate have been named in an FBI investigation of possible bribery, kickbacks, extortion, and money laundering related to property deals in southern California’s largest city, according to a document seen… Read More>>
Chinese billionaire Wang Jianlin has added a new chapter to the unwinding of his plans for a global real estate empire as reports last week confirmed that his Dalian Wanda Group had sold a prime Los Angeles site that was… Read More>>
Another Chinese developer is selling off an overseas real estate project, but unlike its compatriots at Wanda, Greenland and HNA, state-owned Gemdale Properties and Investment is disposing of its grade A office project in San Francisco after completing and fully… Read More>>
Shanghai’s Greenland Group has once again downsized its global ambitions by selling down US assets as it sold three development sites at its Pacific Park Brooklyn project to two New York-family owned firms, TF Cornerstone and Brodsky Organization, for… Read More>>
Gaw Capital is selling a San Francisco office complex that covers three city blocks to Blackstone for $245 million, according to loan application documents filed by Blackstone in the US.
Stephen Schwarzman’s New York-based firm has signed an agreement to… Read More>>
CM Capital Corp, the US-based family office of Hong Kong’s billionaire Cha clan has purchased a $117.5 million office building in downtown Palo Alto, California from a local joint venture, paying one of the highest prices per square foot for… Read More>>
Keppel-KBS US REIT on Monday announced that has agreed to buy a 21 building business park in Washington state, picking up the commercial assets some 15 minutes’ drive from Microsoft’s home office in Seattle for $175.7 million including fees of… Read More>>
Southeast Asia’s largest developer, CapitaLand, has doubled its investment in the US with a single, $835 million purchase of a portfolio of multifamily properties, according to an announcement by the Singaporean company this week.
The government-linked developer’s CapitaLand International subsidiary… Read More>>
