A Chinese oil entrepreneur was scooping up Manhattan properties. Then he disappeared.

Companies tied to Ye Jianming had purchased roughly $83M worth of New York properties

New York /
Oct.October 25, 2018 06:00 PM

Companies with connections to Chinese oil entrepreneur Ye Jianming spent about $83 million on New York City properties and planned to buy $80 million more before Ye’s mysterious disappearance earlier this year.

The deals included purchasing a penthouse from a former Wall Street banker and buying a townhouse from a billionaire close to President Trump, according to the Wall Street Journal. Companies tied to Ye also bought the penthouse of former Barclays Chief Executive Bob Diamond in 2017 for $50.55 million, along with an apartment at 432 Park Avenue for about $33 million.

In December, a company tied to Ye went under contract to buy billionaire Vincent Viola’s $80 million townhouse at 12 East 69th Street, which would have set a record at the time for New York’s most expensive residential townhouse ever.

However, Ye went missing early in 2018, and the deal fell apart around the same time. Viola’s house was put back on the market for $88 million.

Ye chairs a conglomerate based in Shanghai called CEFC China Energy, which aggressively expanded abroad in recent years. However, the company is now selling assets and unwinding deals as Ye’s whereabouts are still unknown. [WSJ] – Eddie Small


Related Articles

arrow_forward_ios
Bryan Cranston and his California beach house (Getty, Realtor)
“Breaking” news: Bryan Cranston lists eco-friendly SoCal beach pad
“Breaking” news: Bryan Cranston lists eco-friendly SoCal beach pad
RE/MAX CEO Adam Contos (Facebook)
RE/MAX revenue ticks up in Q4 but profit sinks
RE/MAX revenue ticks up in Q4 but profit sinks
(iStock/Illustration by Kevin Rebong for The Real Deal)
State will use undercover testers to combat housing discrimination
State will use undercover testers to combat housing discrimination
Zillow COO Jeremy Wacksman (Zillow, iStock)
Zillow using Zestimate to streamline cash offers for some homes
Zillow using Zestimate to streamline cash offers for some homes
Home sales were the busiest January on record, but still the fifth month of decline in a row. (iStock)
Pending home sales fall for fifth consecutive month
Pending home sales fall for fifth consecutive month
Don Lemon and Tim Malone with their apartment at 2280 Frederick Douglass Boulevard
Making Lemonade: Don Lemon breaks even on Harlem condo sale
Making Lemonade: Don Lemon breaks even on Harlem condo sale
(IStock illustration by Kevin Rebong)
Smaller cities look to cash in on shift to remote work
Smaller cities look to cash in on shift to remote work
Douglas Elliman chairman Howard Lorber (Getty)
Douglas Elliman reports $14M profit, 50% revenue jump in quarter
Douglas Elliman reports $14M profit, 50% revenue jump in quarter
arrow_forward_ios

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

Loading...