Thursday 27 February 2020

Sale of San Francisco’s $1B Oceanwide Center delayed by coronavirus

It’s been over a month since Chinese developer Oceanwide Holdings announced a deal to sell its flagship San Francisco development for $1 billion, but it could take another month for the deal to officially close — and the new coronavirus outbreak is to blame. Oceanwide and the buyer, an affiliate of Beijing-based asset manager SPF Group, have agreed to postpone the completion of due diligence and the delivery of Oceanwide Center by more than a



source https://therealdeal.com/2020/02/27/sale-of-san-franciscos-1b-oceanwide-center-delayed-by-coronavirus/

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