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Chinese In Talks to Fund Housing Development..... In San Francisco, California!!

 
Sleeping Giant
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User ID: 18525093
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06/25/2012 09:22 PM

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Chinese In Talks to Fund Housing Development..... In San Francisco, California!!
Lennar Corp, one of the U.S.'s largest home builders, is in talks with the China Development Bank for approximately $1.7 billion in capital to jump-start two long-delayed San Francisco projects that would transform two former naval bases into large-scale housing developments, according to people familiar with the discussions.

The negotiations aren't final and the financing arrangement could still fall through. But if completed, the deal would reflect a changing dynamic between the U.S. and Chinese economies, as an American company turns to China for help funding a long-delayed and partially publicly funded project that otherwise wouldn't get done.

[link to online.wsj.com]

Last Edited by Sleeping Giant on 06/25/2012 09:25 PM
"And I know that when I leave savage wolves will come in among you and will not spare the flock. Even from your own number men will arise and distort the truth in order to draw away disciples after them. So be on your guard. We are not the wolves at the gate, we are the ones who face them."
Sleeping Giant (OP)

User ID: 18525093
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06/26/2012 10:02 AM

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Re: Chinese In Talks to Fund Housing Development..... In San Francisco, California!!
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"And I know that when I leave savage wolves will come in among you and will not spare the flock. Even from your own number men will arise and distort the truth in order to draw away disciples after them. So be on your guard. We are not the wolves at the gate, we are the ones who face them."

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