Greenland Holdings' Zhang Yuliang and Northland's Matthew Gottesdiener with the THEA at Metropolis at 1000 W. 8th Street in Los Angeles (TheaDTLA, LinkedIn, Getty) A few months into the pandemic, Northland presented the Chinese developer Greenland's U.S. subsidiary with an unattractive proposal.The Boston-based private equity firm offered $550 million for one of Greenland's trophy L.A. assets a 59-story downtown apartment tower considerably below the $695 million the developer was asking.
#years #san-francisco #los-angeles #construction #investments #general-manager #interest-rates #federal-reserve #private-companies #majority-stake
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