The planned development of a condo and hotel complex in Beverly Hills is moving forward despite the loss of a major partner. Athens Group has dropped out of its partnership with the Dalian Wanda Group, leaving the latter working alone in the $1.2 billion, 300+ unit project. Wanda is based in Beijing and has aggressively pursued overseas projects, going against current Chinese government policy to rein in such investments. However, this conflict appears unrelated to the loss of Wanda’s partner.
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