Three of NYC’s most active investors are in the crosshairs of Chinese regulators

Anbang Insurance Group, HNA Group and Fosun International are among five international dealmakers that China’s banking regulator is investigating as it attempts to control debt levels. The China Banking Regulatory commission is looking into the firms in order to “examine those companies’ leverage situations and risks,” a source told the Wall Street Journal. Dalian Wanda Group and Rossoneri Sports Investment ...

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Despite the carnage, some investors are betting on malls

Malls are doomed. But are they? Some investors are buying up retail real estate investment trust stocks, betting that market bears are getting ahead of themselves and that share prices are undervalued. “We believe the stocks have come down to fair value for the risk that we’re taking,” Joel Beam, of asset manager Salient Partners, told the Wall Street Journal. ...

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Another resi developer reveals plans for Morris Heights

Bronx developer Sam Kafif plans to replace a one-story retail building in Morris Heights with a large mixed-use development featuring 119 residential units. The project will be located at 2 Mount Hope Place and span slightly more than 136,000 square feet, according to plans filed Thursday with the city’s Department of Buildings. It will feature 20,620 square feet of commercial ...

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Wanda shares tumble amid rumors of political risks

Dalian Wanda subsidiaries’ stocks slumped amid rumors that the property and entertainment giant ran afoul of Chinese politicians. Wanda Properties International’s share price fell 10.7 percent Thursday and Wanda Film Holding’s stock tumbled 10 percent, Bloomberg reported. “Political risks are the factor that is most difficult to evaluate in China. Even it is just a rumor, investors will choose to ...

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