Shanghai’s Greenland Group Knocks 27% Off Price of LA Tower in $504M Sale
Plans for Greenland’s Metropolis project looked simple enough back in 2014 (Getty Images) Struggling to repay bond investors, Greenland Holdings has sold a 59-storey Los Angeles residential tower, the centrepiece of the Chinese developer’s first-ever US project, to American apartment operator Northland for $504 million. The transaction for the 685-unit…
bubmagNovember 9, 2022