Posted Aug 26, 2016, 1:22 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,909
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http://www.mingtiandi.com/real-estat...condo-project/
GEMDALE INVESTS $70 MIL IN NYC CONDO TOWER FOR 4TH US DEAL IN 12 MONTHS
Quote:
Chinese real estate developer Gemdale Properties & Investment has made its fourth major investment in the US over the last 12 months, and its first in New York, as the Shenzhen-based firm continues to expand its North American footprint.
The state-owned developer handed over $69.9 million for a piece of 45 Broad Street, an 84-story, 1,127-foot (343 metre) supertall tower of residential and office condominiums being built by New York developer Madison Equities, according to a report in the Real Deal citing public records.
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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