A $1.7 billion deal with China Development Corp., the Chinese
national railway and Lennar Corp. to construct 12,500 homes on the
former Hunters Point Naval Shipyard in San Francisco and a string of
high-rises on Treasure Island has collapsed.
Sources familiar with the deal tell us the effort, more than a year
in the making, fell apart over demands by the Chinese for more control
over the development than Lennar was willing to give.
Although you can post anonymously, I encourage you to post as yourself or under a pseudonym in case other readers would like to respond to your comments. Thanks!
No comments:
Post a Comment
Although you can post anonymously, I encourage you to post as yourself or under a pseudonym in case other readers would like to respond to your comments. Thanks!