Chinese Investors Reach $1.5B Deal To Back SF Project

Law360, New York (April 11, 2013, 2:03 PM EDT) -- Following a series of trade talks between California and China, a Chinese investment group has formed a $1.5 billion partnership with Signature Development Group to jump-start the developer's delayed mixed-use project in the San Francisco Bay area, officials announced Wednesday.

The deal is the first major U.S. investment for real estate-focused Zarsion Holdings Group Co. Ltd., which is based in Beijing and develops more than 3.2 million feet of projects a year in its home country, according to Signature Development.

California Gov. Jerry Brown announced the...
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