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Recent News
July 19th, 2011
Major Shareholder of Beijing Developer Backs Bus Terminal Project
Vornado Realty Trust wants to build a skyscraper over the Port Authority Bus Terminal.
Capevale Limited, the controlling shareholder of SOHO China, is mulling a possible investment of between $500 million and $700 million with Vornado Realty Trust in an an attempt to jumpstart the construction of a long-planned office tower over the Port Authority Bus Terminal, sources close to the deal said. Crain’s had previously reported the deal but couldn’t learn the name of the investor at the time.
Major Shareholder of Beijing Developer Backs Bus Terminal Project
Major Shareholder of Beijing Developer Backs Bus Terminal Project (PDF)
Filed under: New York Real Estate News • Tags: Beijing, New York City, Port Authority, real estate, Shanghai, SOHO China