Chinese Developer Beefs Up US Portfolio With NYC Deal
As part of a $1B investing tear, China’s largest residential developer, China Vanke, has snagged a NYC development site for $116M—a sign that China’s US property investment won’t be curbed by the country's economic turbulence.
The firm plans to convert the site’s grammar school into luxury condos, as part of a JV with Slate Property Group and Adam America Estate.