China Oceanwide’s deal to sell its flagship San Francisco development for $1 billion has fallen through following coronavirus-related delays. But a new buyer has already emerged. Beijing-based private equity firm Hony Capital has signed a framework agreement to acquire the Oceanwide Center project for up to $1.2 billion, the developer disclosed Sunday on the Shenzhen Stock Exchange. Oceanwide’s prior deal, to sell the project to Beijing-based asset manager SPF Group for just over $1 billion,
source https://therealdeal.com/2020/03/30/san-franciscos-oceanwide-center-has-a-new-buyer/
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