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Clarion Partners LLC to Buy Manhattan Office Tower for $225 Million

Clarion Partners LLC, a popular real estate investment managing firm is under contract to buy a vintage office tower near Union Square in Manhattan, New York City for around $225 million, according to Bloomberg.

China’s Foreign Exchange Administration, SAFE to Invest in American Real Estate

China’s State Administration of Foreign Exchange (SAFE) is reportedly planning to invest a part of its $3.4 trillion foreign exchange reserves in the American real estate market on account of a steady growth in its property market, according to several reports.

InterContinental Hotel Group Opens its 200th Hotel in China

InterContinental Hotel Group (IHG), the world's largest hotel group by room count, just inaugurated its two hundredth hotel in China, Tuesday May 28 marking thirty years of its presence in the country.