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Exclusive-In a first, Chinese developer's creditors plan to sue state-owned shareholder for dues

HONG KONG (Reuters) -A group of offshore creditors of China South City is set to file a lawsuit against the debt-laden developer's biggest state-owned shareholder for dues, four sources said, in what would be the first such case in the crisis-hit property sector. China South City earlier this month missed a principal payment of $11.25 million on a dollar bond due on Feb. 9, and is deemed by creditors to be in default on offshore debts worth $1.3 billion, two bondholder sources said. The group of creditors, who have formed a so-called ad-hoc group, is preparing to file the lawsuit in a Hong Kong court against state-owned Shenzhen SEZ Construction and Development Group Co., which owns 29% of the company, the four sources said. ....

Hong Kong , Sumeet Chatterjee , Latham Watkins , Xie Yu , Kirkland Ellis , Stephen Coates , Lance Jiang , Clare Jim , Development Group Co , China South City , South City , Property Sector , Henzhen Sez , Dollar Bonds ,

City Council upholds decision to deny development permit at Fort Missoula

During a special meeting of City Council on Feb. 22, council voted on an appeal of a 2023 Historic Preservation Commission decision regarding the Old Post Hospital development. ....

Mirtha Becerra , Sandra Vasecka , David Gray , Bob Campbell , Ryan Sudbury , Stacie Anderson , Daniel Carlino , Mike Nugent , Elizabeth Johnson , Amber Sherrill , Eric Melson , Mark Stermitz , Max Wolf , Missoula Historic Preservation Commission , City Council On Feb , Missoula City Council , City Council , Missoula Hospital , Historic Preservation Commission , Fort Missoula , Preservation Commission , Old Post Hospital , Historical Fort Missoula , Historic Preservation Permit , Kristen Jordan , Sierra Farmer ,

Community members react to possible new plans for Pali Lanes in Kailua

Developer and property owner Alexander & Baldwin proposed redevelopment plans for a registered Hawaii Historic Landmark, Pali Lanes, which closed down over two years ago. ....

United States , Mary Sabate , Christian Arakawa , Naomi Hanawahine , Alexander Baldwin , Island News , Hawaii Historic Landmark , Pali Lanes , Team Save Pali Lanes Committee , Save Pali Lanes , Pali Lanes President Christian Arakawa , Part Machado , Kailua Town , Ld Kailua , Alexander Amp Baldwin , Bowling Alley ,

Developer of proposed Andersen Ranch Estates in Carson City to hold neighborhood meeting

Christy Corporation, Ltd. will host an informal neighborhood meeting to present a proposed development plan for Andersen Ranch Estates, which includes the 48.2 acres located west of Mountain Street, east of Ormsby Boulevard in west Carson City. ....

Planning Division , Christy Corporation Ltd , Planning Commission , Christy Corporation , Andersen Ranch Estates , Mountain Street , Ormsby Boulevard , Tentative Subdivision Map , Carson Nugget , Andersen Ranch , Carson City , Carson Street , From 5 , Open Space ,

Taupō hotel developer selling site and resource consent

Plans for a hotel in downtown Taupō are up in the air as the developer looks to off-load the land. The 1102 square metre site on Tūwharetoa St, in the heart. ....

New Zealand General , New Zealand , Gary Harwood , Environment Court , District Council , Cypress Capital , Hilton Lake Taup , Lake Terrace , Repco Supercars Championship ,