Chinese firm eyes big site for NY center; City pushes for downtown location such as 7 WTC, but midtown could win.(News)(Beijing Ventone Real Estate to start operations in New York)

Crain's New York Business, August, 2005 by Satow, Julie

Byline: Julie Satow one of china's largest real estate companies is seeking up to 1 million square feet of office space in Manhattan to create a center for Chinese companies establishing operations in the United States. Beijing Ventone Real Estate gave formal approval earlier this month to seek suitable office space in the city, according to New York businesspeople who have been working with the company.

It would lease the space, and then sublease offices to Chinese companies that want a headquarters in the West. Ventone would provide those companies with support services such as conference facilities and translators. Ventone is considering both midtown and downtown for the new venture, but city leaders are pushing hard for a downtown location. "We are...

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