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Blackstone CEO Stephen Schwarzman and Soho China CEO Zhang Xin (Getty)
National

Blackstone bails on $3B acquisition of Soho China

Blackstone has pulled the plug on its $3.05 billion acquisition of Soho China, initially announced three months ago. In...

Blackstone bails on $3B acquisition of Soho China
China looks to reel in heavily indebted real estate sector
National Weekend Edition

China looks to reel in heavily indebted real estate sector

China is cutting off another source of money from residential real estate developers: private equity funds. The government-endorsed Asset...

China looks to reel in heavily indebted real estate sector
China’s 2nd largest property developer is in big trouble
National Weekend Edition

China’s 2nd largest property developer is in big trouble

The hits keep coming for Evergrande Group, China’s second-largest property developer. The company’s stock price has dropped more than...

China’s 2nd largest property developer is in big trouble
Soho CEO Zhang Xin and Blackstone CEO Stephen Schwarzman (Wikimedia, Getty)
National Weekend Edition

Blackstone bids to buy office developer Soho China for $3B

Blackstone Group has made an offer to buyout Beijing-based developer Soho China Ltd. for $3.05 billion. If the deal...

Blackstone bids to buy office developer Soho China for $3B
Oceanwide’s US business is sinking. Can it right the ship?
National Issue

Oceanwide’s US business is sinking. Can it right the ship?

In 2014, Oceanwide Holdings announced plans to build a 2.4 million-square-foot megaproject in San Francisco. The twin-tower development would...

Oceanwide’s US business is sinking. Can it right the ship?

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