Dalian Wanda puts Chicago’s $900M Vista Tower on the market

Dalian Wanda group will put Chicago’s Vista Tower up for sale as the Chinese company offloads its last overseas property developments, the Chicago Tribune reported. Wanda holds a 60 percent stake in the planned 98-story mixed-use tower and Magellan Development Group has started the construction, which is estimated to cost $900 million. As Chinese regulators crack down on foreign investments, Wanda’s billionaire owner Wang Jianlin is also looking to sell its $1.2 billion project in Beverly Hills. [Chicago Tribune]