The size of recent investments from Chinese firms and individuals in New York real estate has commanded headlines. Generally speaking, the properties being bought are familiar to those in the New York City property business. Those doing the buying, however, are less well known. [more]
Posts Tagged ‘Fosun International’
Erik Horvat, 42, director of World Trade Center redevelopment at the Port Authority of New York and New Jersey, is leaving to pursue a job in the real estate industry.
Horvat is joining Fosun International, a Chinese conglomerate. He will work on establishing a platform to invest in New York City real estate and manage its operations in New York. Fosun bought One Chase Manhattan Plaza for $725 million last year. Horvat’s first assignment will be renovating and leasing that 60-story, 2.2 million-square-feet building. [more]