The Real Deal New York

New York players host “road shows” in China

Developers and investors wine and dine in pursuit of funding for local projects

April 09, 2015 04:15PM
By C. J. Hughes

Durst's West 57th Street project

Durst raised $8 million in EB-5 funds for its West 57th Street ‘pyramid’ in a single summer weekend.

From the April issue: Elaborate 12-course meals. Pop concerts. High-end hotels with sweeping views. These are just some of the extravagances that New York real estate players use to lure in potential investors in China, as they look for backing for New York real estate projects. [more]