Home buyers snapping up property in smaller Chinese cities

Chinese home buyers are looking beyond major centers like Shanghai and Beijing as places to invest, which may dampen the government’s attempt to curtail spiraling home prices. Chinese officials have introduced restrictions in recent months, which has slowed price...

Thor to sell stake in 875 Washington to partner ASB

Thor Equities is in contract to sell its stake in 875 Washington Street to the building’s co-owner, ASB Real Estate Investments’ Allegiance Real Estate Fund, sources told The Real Deal. The transaction would value the Meatpacking District property at about $130...

David Marx secures $67M refinancing for Aloft hotel site

Developer David Marx continues to put the pieces together for an upcoming Aloft hotel at 450 11th Avenue, refinancing the project with $67 million in loans, documents recorded by the city Friday show. Lender Cottonwood Management replaced an existing loan from Madison...

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