RE Rumor Mill: Greenland, Meridian, FIT

Law360, New York (March 11, 2014, 6:29 PM EDT) -- Chinese state-owned developer Greenland Holding Group has reportedly agreed to invest 400 million Canadian dollars ($360 million) in a Toronto tower development. Greenland will help build residential apartments at the 67,000-square-meter project, according to Dow Jones. The developer reportedly said it plans to start construction in the next six months, despite Ottawa's recent effort to limit Chinese immigration and investment. Last year, Greenland took a massive stake in Forest City Ratner Co.'s $4 billion Atlantic Yards project in Brooklyn.

Meridian Capital Group LLC reportedly arranged a...
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