New York
China said to be taking offers for a handful of Anbang’s former US hotels
After Chinese authorities seized the insurance giant’s assets on Friday, reports have stated all will remain the same —...
Anbang
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New York
Paydirt: JPMorgan HQ, Anbang gets a chaperone & other industry news you need to start your week
Meet the new address, same as the old address: “It is the ambition of the New Yorker to live upon Fifth Avenue, to take his...
New York
Blackstone is in early talks to buy billions in real estate from Anbang
The Blackstone Group may soon have a chance to buy back the Waldorf Astoria from Anbang Insurance Group, according...
Anbang’s head of real estate is out
From TRD New York: Anbang Insurance Group’s head of real estate, Theo Cheng, is leaving amid uncertainty over the company’s leadership. Cheng oversaw Anbang’s real estate division and real estate-related activities, especially overseas investments,...
Hotel union charges Anbang with unfair labor practices
U.S. labor union Unite Here filed unfair labor practices charges against Anbang with the National Labor Relations Board on...
Paydirt: China is trying to neuter its gray rhinos — what will that mean for US real estate?
From TRD New York: The best-laid plans of mice and men can be trampled by gray rhinos. Gray rhinos (h/t Michele Wucker) are major structural...
In wake of Anbang acquisition, Santa Monica wants to force hotels to disclose ownership
As Los Angeles officials focused on legislation that could ease the region’s housing shortage Wednesday, council members in beachy...
Rumors circulate of Chinese government detaining Anbang chief Wu Xiaohui
From TRD New York: Chinese social media platform WeChat erupted Wednesday with reports that Wu Xiaohui, chairman of Anbang...
How many big US real estate deals have Chinese insurers made this year? None
From the New York website: China’s insurance giants have hit the brakes on their $100 billion buying spree following...
After investing $13B, Anbang pauses overseas acquisitions
From the New York website: Anbang Insurance Group plans to take a breather from its acquisition frenzy and play...