A limited liability company represented by a Hong Kong private equity executive has purchased a 6,300 square foot luxury condo in the heart of Manhattan for $61.6 million, as US luxury residential assets continue to attract wealthy Asian buyers on… Read More>>
China Oceanwide’s Stake in Wuhan Project Frozen After $410M NYC Property Seized
China Oceanwide Holdings’ string of financial calamities continued on Wednesday, with an arbitration court freezing the company’s stake in a Wuhan project just days after its $410 million skyscraper development in Manhattan was seized by creditors.
The China International Economic… Read More>>
China Oceanwide Faces Payment Demand After $175M NYC Default
China Oceanwide Holdings’ American dream is looking ever more like a broken one after the mainland developer was served with a default notice for a $175 million loan backed by the group’s troubled skyscraper project in Lower Manhattan.
New York-based… Read More>>
Gaw Capital Sued by Wells Fargo, Apollo Over Manhattan Hotel Default
Gaw Capital Partners’ investment in a hip New York City hotel has pulled it into a conflict with Wells Fargo bank and US private equity heavyweight Apollo Global Management, after the Hong Kong fund manager stopped making payments on a… Read More>>
Alibaba’s Joe Tsai Revealed as Buyer of $157.5M Manhattan Condo
Alibaba’s vice chairman Joseph Tsai has seen his company’s stock price take a beating this year, but that hasn’t stopped him from buying the third most expensive home in American history.
The billionaire e-commerce entrepreneur and Jack Ma running buddy… Read More>>
Hopson Agrees to Buy Stalled NYC Project From Struggling Mainland Developer for $113M
Mainland China developer Hopson Development Holdings is poised to make its first overseas acquisition after agreeing to buy a stalled residential project in New York for $113.5 million, according to a company announcement to the Hong Kong stock exchange.
With… Read More>>
Singapore’s Alpha Buys Out Partner’s Stake in NYC Condo Project
Singapore-based Alpha Investment Partners has agreed to buy out its partner’s stake in a luxury condo project in Manhattan’s Upper East Side just over three years after the joint venture began selling homes.
The private fund management division of Keppel… Read More>>
HNA Restructures $372M Stake in Tishman Speyer NYC Project
HNA Group is transferring ownership of its interest in a $3.6 billion New York trophy project as liquidity problems continue to challenge one of China’s most debt-laden conglomerates.
Under the terms of the deal set out in a filing to… 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>>
HNA Confirms Sale of NYC Tower at $41M Loss
HNA Group confirmed today that it has sold a majority stake in a Manhattan office building, as the financially hobbled mainland conglomerate races to sell assets and raise cash.
The parent company of China’s Hainan Airlines said that it had… Read More>>
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