The Real Deal New York

Dalian Wanda puts Chicago’s $900M Vista Tower on the market

February 01, 2018 05:17PM

Dalian Wanda group will put Chicago’s Vista Tower up for sale as the Chinese company offloads its last overseas property developments, the Chicago Tribune reported. Wanda holds a 60 percent stake in the planned 98-story mixed-use tower and Magellan Development Group has started the construction, which is estimated to cost $900 million. As Chinese regulators crack down on foreign investments, Wanda’s billionaire owner Wang Jianlin is also looking to sell its $1.2 billion project in Beverly Hills. [Chicago Tribune]