Magellan Development is blaming an unexpected drop in Chinese investment in American real estate for draining some momentum from condo sales at Vista Tower. More than a year before the 93-story tower is scheduled to open, just under half of its 393 condos are sold, according to Crain’s. Only about a dozen units were bought by Chinese nationals, a number Magellan executive Sean Linnane called “disappointing” given China-based Dalian Wanda Group’s stake in the project. […]
source https://therealdeal.com/chicago/2019/07/26/cooling-chinese-real-estate-investment-throws-up-road-block-to-vista-tower-condo-sales/#new_tab
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