News

1Jan
Bank of China Buys 30-Storey New York Tower for Nearly $600M

China’s hunger for real estate in global gateway cities was demonstrated again this week when word leaked that the Bank of China is purchasing a Manhattan office tower for a sum said to approach $600 million.

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5Jan
Fosun rebranding 2M s/f Liberty Street tower

Fosun Property Holdings, has announced that One Chase Manhattan Plaza will be rebranded 28 Liberty effective as part of a major repositioning of the building.

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7Jan
Hilton to Sell NYC’s Waldorf Astoria to Chinese Insurer for $1.95 Billion

Hilton Worldwide Holdings Inc. (HLT), the world’s largest publicly traded hotel operator, agreed to sell the landmark Waldorf Astoria hotel in Manhattan to China’s Anbang Insurance Group Co. for $1.95 billion.

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15Jan
5 factors that could impact Chinese property investment in NYC

As Chinese property developers and investors look to generate bigger profits by looking beyond their local markets, questions have arisen about what’s actually driving the influx of cash – and what could slow the flow.

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15jan
Wanda Group Announces $1.2B Beverly Hills Mixed-Use Project

Beijing-based Wanda Group, speeding up its move into global real estate and entertainment, announced it has won the bidding for a plot of land at 9900 Wilshire Blvd. in Beverly Hills, where the Chinese conglomerate plans to invest $1.2 billion to build a mixed-use development.

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15Jan
Chinese developer's $420-million purchase of Robinsons-May site closes

Underscoring the rapidly growing influence of Asian investments in the region, a Chinese investor group has sold one of the most desirable properties in the country to a development firm from China.

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1sep
Bank of China eyes stake in 7 Bryant Park

Already negotiating to become 7 Bryant Park's anchor tenant, the financial giant also is weighing a possible ownership stake and a post as mortgage lender.

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1jul
Chinese developers ramp up in NYC

Chinese buyers purchasing condos have made headlines in New York for some time. But with China's real estate market overheating, more Chinese developers are getting into the New York City residential game as well.

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9jul
WANDA'S CHICAGO PROJECT

China's richest man is taking on the windy city.Chinese property-and-entertainment conglomerate Wanda Group, owned by billionaire Wang Jianlin, announced plans on Tuesday to invest $900 million to build a new tower that would be the third tallest building.

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13May

The number of U.S. investor visas issued to Chinese has more than doubled in the last two years according to 2013 annual statistics from the State Department, as more of China's wealthy opt for life in America.

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25Jul
Minter Ellison Alert | New regulations make it easier for Chinese individuals and companies to invest abroad

China's State Administration of Foreign Exchange (SAFE) has announced reforms to its foreign exchange administration in order to make it easier for Chinese individuals and companies to invest abroad.

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25Jul
MYSTERY REAL ESTATE COMPANY TO BUILD 47-STORY CHINESE TOWER IN NEW YORK

A new 380,000 square foot (35,303 square meters) tower in Midtown Manhattan was announced today, and its developers — one of which appears to represent anonymous mainland investors — appear set on turning Chinese capital into New York profits.

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