Tag Archive for Oceanwide

The Mess of China’s Over-Leveraged Property Developers Spills into California

by Wolf Richter • Oct 31, 2021 • 114 Comments

Stiffed creditors in China and Singapore seized the halted construction mega-ulcer in San Francisco, the Oceanwide Center.

Out-of-Funds Chinese Property Developer Oceanwide Tries to Shed its Mega-Money-Pits in San Francisco, Los Angeles, and Manhattan at a Loss, But it’s Hard

by Wolf Richter • Mar 5, 2020 • 100 Comments

At first, capital controls cut off funding. Now the coronavirus gets in the way of the money-losing sale it could finally line up.

Another Chinese Mega-Construction Project in California Is Halted, this one in San Francisco. List of Troubled or Scuttled Chinese Projects in California Grows

by Wolf Richter • Oct 18, 2019 • 81 Comments

How China’s crackdown on debt and capital flight pulls the rug out from under mega-real-estate projects.

Is China’s Debt Crackdown Hitting California’s Commercial Real Estate Bubble?

by Wolf Richter • Jan 29, 2019 • 52 Comments

Construction Halts on LA’s Chinese-Owned $1-Billion Oceanwide Plaza; Fretting Starts about $1.6-Billion Oceanwide Center in San Francisco.

US Asset Bubbles Crack as Frantic China “Restricts” Outbound Investments

by Wolf Richter • Aug 20, 2017 • 120 Comments

What happens to prices when the biggest, reckless buyer walks away?

China Inc. & Billionaires Dodge Capital Controls via Global Buyout Binge. Government Not Amused

by Wolf Richter • Nov 27, 2016 • 64 Comments

The fear of further yuan devaluation.

Will this Crush the Insane San Francisco & Silicon Valley Housing Bubble

by Wolf Richter • Feb 25, 2016 • 76 Comments

In the city of San Francisco, the median condo price is $1.11 million and the median house price is $1.25 million, up 72% and 88% respectively from the first quarter 2012. Median means, 50% of the units cost more, and 50% cost less. Which creates an absurd situation: only 11% of the households in San…

A “Death Spiral” for the Chinese Yuan?

by Wolf Richter • Jan 28, 2016 • 53 Comments

China’s “impossible trinity.”