Big Apple developers cast around for China partners
Chinese institutions are becoming a formidable force in the city for their stockpiles of cash for investing
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New York
NEW York City developers including Vornado Realty Trust and Related Companies are seeking Chinese partners for new projects, according to top executives at the companies.
"We do have aspirations to do some things which would involve Chinese capital and Chinese investors," Steven Roth, chairman and chief executive officer of Vornado, said at a forum on Tuesday hosted by the China General Chamber of Commerce at Bloomberg LP's New York headquarters. "It's likely that Vornado would do something important with Chinese investors over the next year or two."
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