What happened, and who moved.
Los Angeles’ Oceanwide Plaza, a massive downtown development stuck in limbo so long it became tagged and transformed into the infamous Graffiti Towers, has been cleared for sale. The long process of selecting a new developer after the original Chinese developer went bankrupt may finally be coming to a close. KPC…
China is accelerating execution of pre-approved infrastructure and real estate projects as an alternative to broad fiscal stimulus, amid tightened controls on local government borrowing.
KKR and AEW Capital Management seek to sell commercial property holdings in China as global investors continue to retreat from the country’s prolonged real estate downturn, Bloomberg News reported. KKR is marketing nine properties across China, including a high-end apartment complex in suburban Beijing and a hotel…
China's Z.ai has completed a 1GW data center built entirely with domestic chips, using over 10,000 semiconductors, the largest among Chinese AI firms, and begun partial operation.
An ESR-managed fund completed a divestment of logistics assets valued at over RMB 5.8 billion in China, transferring them to its flagship RMB Income Fund.
ESR Group obtained regulatory approval from China's securities regulator to establish a publicly listed logistics real estate investment trust.
Commentary on China's residential market experiencing a multi-year decline in housing demand and prices.
Gaw Capital sold Florentia Village Chengdu, a 75,000 sqm outlet mall, into a newly formed pre-REIT fund led by Vipshop (41.88%), CPIC (32.15%) and MetLife China (15.82%) for RMB1.56 billion (~$220 million); Gaw retains a co-GP role in the new fund.
Zara opened a 2,000 sqm, five-level flagship on Middle Huaihai Road in Xuhui district, coinciding with Zara's 20th anniversary in China.
Hyatt opened the 267-room Andaz Shanghai ITC inside the ITC Xujiahui complex in Shanghai's historic Xujiahui district.
Alibaba Cloud signed a strategic cooperation agreement with the Jinshan District government to build a hyperscale AI computing centre.
Saudi Arabia's Public Investment Fund opened a new Shanghai office, its second in mainland China, to deepen dealmaking ties.