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Roger Vincent

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  • Chinese developer Oceanwide buying property in downtown L.A.

    Chinese developer Oceanwide buying property in downtown L.A.
    BEIJING — Chinese property developer Oceanwide Real Estate Group said Friday that it would make its first foray into the U.S. It will spend up to $200 million to buy a sprawling parking lot in downtown Los Angeles across from Staples Center and the L.A. Live entertainment complex and develop a five-star hotel, apartments and retail space.