For the fourth year in a row, the U.S. tops the list of favored destinations for a sizable number of wealthy Chinese individuals who wish to leave their country. Ireland and Canada placed second and third, respectively.
The statistics are interesting: 224 Chinese nationals with an average net worth of $4.5 million were surveyed. Seventy percent of them already have foreign assets, primarily property, accounting for approximately 11 percent of their wealth, with a consensus among respondents that foreign investment at about 25 percent would be desirable. Education and the environment top the list of concerns for those considering emigration, according to the Hurun Report, released on June 30, 2018. Strict Chinese government controls in China are
…
Distinctive buildings, from decaying warehouses to abandoned churches, have become trendy targets for new development throughout the country. Many of them require extensive redevelopment, but they often have unique characteristics that promise opportunities for specialty leasing. In addition, in some areas entire neighborhoods full of distressed and underused properties are ripe for modernization and for what today is termed adaptive reuse.
W.A. Mortenson won a previous round of bidding with a proposal for a hotel at 800 Washington Avenue S. in Minneapolis MN. However, those plans were abandoned when the company encountered financing difficulties. Now Minneapolis has an opportunity to consider a different type of development on a half-acre-plus rectangular lot sandwiched between the Riverfront Parking Ramp and Washington Ave. In April, the city called for new RFPs on the city-owned tract, and four developers responded.