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

TRD New York /
Feb.February 01, 2018 05:17 PM

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]


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Nightingale's Elie Schwartz and Madison's Brian Shatz (Whale Square)

Nightingale buys Whale Square in Sunset Park for $84M

Nightingale buys Whale Square in Sunset Park for $84M
Kushner Companies ends legal battle, resumes Jersey City project

Kushner Companies ends legal battle, resumes Jersey City project

Kushner Companies ends legal battle, resumes Jersey City project
Toni Morrison and her former Tribeca home (Getty, BHS)

Toni Morrison’s Tribeca loft hits the market

Toni Morrison’s Tribeca loft hits the market
City Planning commissioner Marisa Lago and Governors Island (Getty)

Governors Island rezoning process is underway

Governors Island rezoning process is underway
Stuart Elliott

Editor’s note: An urban identity crisis

Editor’s note: An urban identity crisis
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...