“We’re not pushing rewind, we’re not pushing eject, we’re just pushing pause.”
– Zac Henson, CEO of the U.S. subsidiary of Beijing Construction Engineering Group, on the Export-Import Bank of China‘s decision not to issue construction loans for Teng & Associates‘ Waterview Tower & Shangri-La Hotel. Crain’s reports that financing is on hold until the U.S. economy and the condominium market improve.
About 67 percent of Waterview’s residential condos and 40 percent of its hotel condos are under contract, according to the article.
– Rate and review Waterview Tower at NewHomeNotebook.com.
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