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  #2541  
Old Posted Jul 10, 2017, 9:51 PM
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KWILLSKYLINE KWILLSKYLINE is offline
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Isn't this one already fully financed by vista company?
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  #2542  
Old Posted Jul 10, 2017, 11:24 PM
TimeAgain TimeAgain is offline
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This building already has a construction loan.
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  #2543  
Old Posted Jul 10, 2017, 11:32 PM
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This project already has a construction loan.
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  #2544  
Old Posted Jul 10, 2017, 11:54 PM
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Originally Posted by Chi-Sky21 View Post
Look up the history of Waterview tower...happened just down the river.
Really wished that one got completed as designed. I know pomo gets a bad rap on these boards, but I think Teng did a great job designing it (especially the crown). They just sucked at financing and managing the construction. The recession definitely didn't help either.
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  #2545  
Old Posted Jul 11, 2017, 1:10 AM
chicubs111 chicubs111 is offline
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^ Yea it was unfortunate...it was a really good design and crown was really well done and differs from the so many flat top roofs in most modern high rises in this city built.
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  #2546  
Old Posted Jul 11, 2017, 2:18 AM
modonne0 modonne0 is offline
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Vista Tower

Long time lurker, first time poster. I hope I did this right.

I know it is ZeroHedge, which a kind of a fringe site, but they are reporting that Wanda Group is liquidating assets to pay down debt.

They sold 76 hotels and a major chunk of 13 tourism projects for $9.3B and will use the proceeds to pay down debt. I wonder how this will affect the Vista Tower?

From the Article....

"The man who declared war on Disneyland just opened the world’s largest indoor ski resort. And now he’s being forced to sell it.

As the South China Morning Post reports, Wanda City, the $6 billion resort development built by China’s wealthiest tycoon Wang Jianlin, opened for business two weeks ago. The resort, which, at 1.6 square kilometres, is the world’s largest indoor ski park."

The article is titled, "China's Richest Man Forced To Sell World's Largest Indoor Ski Resort 2 Weeks After It Opened." It is from the Tyler's at ZeroHedge and was published 7.10.17.

http://www.zerohedge.com/news/2017-0...s-after-it-ope
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  #2547  
Old Posted Jul 11, 2017, 3:12 AM
marothisu marothisu is offline
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Originally Posted by modonne0 View Post
Long time lurker, first time poster. I hope I did this right.

I know it is ZeroHedge, which a kind of a fringe site, but they are reporting that Wanda Group is liquidating assets to pay down debt.

They sold 76 hotels and a major chunk of 13 tourism projects for $9.3B and will use the proceeds to pay down debt. I wonder how this will affect the Vista Tower?
It won't. They already have a construction loan for $700M (which is nearly 80% of the estimated cost of the overall project) and are partnering with Magellan on this thing. That's a lot of properties to sell but they will still have more properties after this than they sell. Also had over $200M of condos under contract as of numerous months ago. Not sure what the number is now.
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  #2548  
Old Posted Jul 11, 2017, 11:07 AM
officeworker officeworker is offline
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7/10

















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  #2549  
Old Posted Jul 11, 2017, 12:14 PM
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Nice update Office Worker - ty
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  #2550  
Old Posted Jul 11, 2017, 12:34 PM
Notyrview Notyrview is offline
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  #2551  
Old Posted Jul 11, 2017, 1:02 PM
LouisVanDerWright LouisVanDerWright is offline
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Quote:
Originally Posted by modonne0 View Post
Long time lurker, first time poster. I hope I did this right.

I know it is ZeroHedge, which a kind of a fringe site, but they are reporting that Wanda Group is liquidating assets to pay down debt.

They sold 76 hotels and a major chunk of 13 tourism projects for $9.3B and will use the proceeds to pay down debt. I wonder how this will affect the Vista Tower?

From the Article....

"The man who declared war on Disneyland just opened the world’s largest indoor ski resort. And now he’s being forced to sell it.

As the South China Morning Post reports, Wanda City, the $6 billion resort development built by China’s wealthiest tycoon Wang Jianlin, opened for business two weeks ago. The resort, which, at 1.6 square kilometres, is the world’s largest indoor ski park."

The article is titled, "China's Richest Man Forced To Sell World's Largest Indoor Ski Resort 2 Weeks After It Opened." It is from the Tyler's at ZeroHedge and was published 7.10.17.

http://www.zerohedge.com/news/2017-0...s-after-it-ope
First of all Zero Hedge is a rag. Don't get me wrong, I love me some doom porn, but they've been saying the world is about to collapse since the day they started blogging.

Second of all, yes Wanda sold the assets to pay down debt, but it was largely because the Chinese government sees the impending real estate debt bubble meltdown in China and is trying to deflate again it before it bursts. My understanding is that the price tag included many of their most unprofitable hotels and that most of the theme parks weren't even complete or open. It seems to me that Wanda was scolded by the Chinese government for carrying too much debt on too many ambitious projects and said "ok we'll round up all of our junk and ditch it so you leave us alone". As I said before, the real question is "what the hell is Sunac thinking?" since they are basically buying a heap of steaming garbage for just shy of $10 billion.
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  #2552  
Old Posted Jul 11, 2017, 1:28 PM
Kenmore Kenmore is offline
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lol, you know it's bad when zero hedge is being linked, jesus christ

construction on this tower is moving along beautifully, everyone needs to relax
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  #2553  
Old Posted Jul 11, 2017, 2:06 PM
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Originally Posted by LouisVanDerWright View Post
First of all Zero Hedge is a rag. Don't get me wrong, I love me some doom porn, but they've been saying the world is about to collapse since the day they started blogging.

Second of all, yes Wanda sold the assets to pay down debt, but it was largely because the Chinese government sees the impending real estate debt bubble meltdown in China and is trying to deflate again it before it bursts. My understanding is that the price tag included many of their most unprofitable hotels and that most of the theme parks weren't even complete or open. It seems to me that Wanda was scolded by the Chinese government for carrying too much debt on too many ambitious projects and said "ok we'll round up all of our junk and ditch it so you leave us alone". As I said before, the real question is "what the hell is Sunac thinking?" since they are basically buying a heap of steaming garbage for just shy of $10 billion.
Wasn't the head of Wanda the same guy who was boasting of creating dozens of more theme parks that were gonna bury Disney, when they recently opened a park in Shanghai?
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  #2554  
Old Posted Jul 11, 2017, 2:55 PM
LouisVanDerWright LouisVanDerWright is offline
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Originally Posted by sentinel View Post
Wasn't the head of Wanda the same guy who was boasting of creating dozens of more theme parks that were gonna bury Disney, when they recently opened a park in Shanghai?
Yup, I think I posted this on the prior page, challenging Disney without an accompanying entertainment franchise and empire is a fools errand. Wanda is probably a far stronger company for having dumped these silly projects off on Sunac.
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  #2555  
Old Posted Jul 11, 2017, 11:34 PM
marothisu marothisu is offline
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Originally Posted by Kenmore View Post
lol, you know it's bad when zero hedge is being linked, jesus christ

construction on this tower is moving along beautifully, everyone needs to relax
I have a friend who used to work for a high frequency trading firm in Chicago. He and his coworkers would read Zero Hedge like it was The Onion because some of the stuff on there was so ridiculous that it's hilarious anyone buys into it.
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  #2556  
Old Posted Jul 12, 2017, 1:46 PM
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Originally Posted by photoLith View Post
What tower is that and is it just a proposal?
Crews are already packing the site.



project is above ground.
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  #2557  
Old Posted Jul 12, 2017, 8:35 PM
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Judging by Vista's latest issue of "No Parallels" we *only* get one angled column in the lobby area

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  #2558  
Old Posted Jul 12, 2017, 9:23 PM
Ned.B Ned.B is offline
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^That's consistent with Officeworker's second to last photo from yesterday of the in progress formwork
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  #2559  
Old Posted Jul 12, 2017, 9:52 PM
DTx2Chi DTx2Chi is offline
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When do y'all think think we will get to the point where they are doing a floor per week or so?
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  #2560  
Old Posted Jul 12, 2017, 10:06 PM
the urban politician the urban politician is offline
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I'm so going to visit the lobby of this bad bitch of a tower for a drink when it's built.

Holy crap, I know this will be a stunning lobby. Game on, Hyatt Regency
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