Deals
Wanda Partner Exits $1.2 Billion Beverly Hills Condo Project
- Athens Group says it brought development to Chinese company
- Project got approval last month to open condo-sales showroom
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Dalian Wanda Group Co. plans to proceed with a $1.2 billion luxury condominium and hotel complex in Beverly Hills, California, after its development partner, Athens Group, said it exited the project early.
Neither Wanda nor Athens would comment on the reasons for the separation, which happened earlier this year and leaves Wanda without a development partner just as condo sales are about to begin.