Anbang former Chairman, Wu Xiaohui and some of the properties Anbang Insurance Group appears to have found a buyer for its multibillion-dollar U.S. luxury hotel portfolio, which includes JW Marriott Essex House in New York and Loews Santa Monica Beach Hotel in Los Angeles. An affiliate of South Korea’s Mirae Asset Financial Group is working […]
Here’s how Chinese real estate investors and NYC broke up
(Credit: iStock) Chinese companies were paying record-breaking sums for Manhattan trophy buildings not too long ago. They have since retreated from the city’s property scene, largely due to issues within their own country. The Chinese government imposed strict controls to limit overseas property deals amid concerns about a slowdown in the country’s own economy, according […]