Green Touch Builders | Chinese real estate firm to invest $1.6 billion in First and Mission towers
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February 9, 2015 By SEO Admin

Chinese real estate firm to invest $1.6 billion in First and Mission towers

Oceanwide Holdings Co. has completed its purchase of the First and Mission Streets land that will hold San Francisco’s second-tallest tower. That much we expected. The real surprise is how much Oceanwide says it could spend on the project in all: $1.6 billion, which would make it the largest investment by a Chinese company in a Bay Area development.

The Beijing-based real estate company beat out about a half-dozen buyers and paid $296 million in the off-market deal with developer TMG Partners and…