L: Sinclair Lu, Joe Fallon and Patty Chen at Fan PierSinclair Lu, Patty Chen, Joe Fallon at Mr. Fallon’s office
Hurun Report has worked with PattyC together as strategic partner to help Chinese build a bridge of connection with American to efficient interactively respond the demands from Chinese not only for business relations development but also personal.
Sinclair Lu, the president of Hurun Report first time came Boston at May 9th, 2012. He and Patty Chen made a strategic plan to serve Chinese better in US. Mr. Lu also met three big real estate developers for real estate projects at Boston of MA, with Joe Fallon, President of The Fallon Company for 2.9 million SF mixed-use Fan Pier Boston Waterfront Development project including Hotel, Retail, Office, and Residential luxury houses; Kirk Sykes, president of New Boston’s Urban Strategy America Fund and Chairman of the Federal Reserve Bank of Boston Board; David Zussman, CEO and Chairman of Boston Development Groupfor 230 rental units and a 210 unit Marriott hotel, and so on.
On Feb. 4th, A Chinese Organization of New England organized a big banquet with 1000 people to Celebrate the 2012 Spring Festival. Many government officials, including Mayor of Boston, Tom Menino、Congressman Michael Capuano、Stephen Grossman、Elizabeth Warren、Aaron Michlewitz、Bill Linehan、Donald Wong、Senator Anthony Petruccelli、Senator Sonia Chang Diaz、Transportation Minister Richard Davey, joined the banquet and gave their best wishes to China and the Chinese people who live in the New England area. Many Chen family members, including President Frank Chen and Ziyuan Chen gave short speeches. Other successful business people including the President of PattyC Property Group, Patty Chen, were also invited to join the banquet to celebrate the Spring Festival. At the party, Mayor of Boston, Thomas Menino, had a conversation with Patty Chen, and he is very interested, and supportive of our company bringing Chinese investors to Boston for real estate investments.
2) Patty Chen with John E. Drew, President of The Drew Company
Sept. 27th, at the NOIAP’s meeting-Windows on the Waterfront, which was about real estate projects in the new “Innovation District” in Boston’s Seaport District, our company’s President, Patty Chen introduced the Investment Program to Boston’s real estate developers of the “Innovation District”. David Manfredi, a founder of Elkus Manfredi Architects, described the “promise” of this new district as: a vibrant, new mixed use neighborhood; a neighborhood driven by innovation; a place to live, work, play, shop, dine, learn and visit. At the event, Mayor Menino wanted, and now sees forming, a 24-hour, mixed use area that will attract both families and entrepreneurs. Seaport Place is a developed building with 1 million sq. ft. of office space and a full service hotel, another 600,000 sq. ft. came along with Manulife’s headquarters, and after a few years of waiting, Joe Fallon built the first office building on Fan Pier, a speculative 526,000 sq. ft. tower at One Marina Park Drive.
3) Boston’s Developers At NAIOP meeting. L: John E. Drew, President of The Drew Company; Stephen Karp, chairman of New England Development; John P. Fowler, Director of HFF; David Manfredi, Partner of Elkus Manfredi Architects Ltd; Charles D. Reid, Vice President of Boston Global Investors, LLC; Edward G. Nardi, President of Cresset Group
Boston Hub developers going with apartments
波士顿海港开发商与开发公寓
A top Bay State developer said he’s not convinced that new condos will ever be built again in downtown Boston, especially since everyone is switching over to apartment towers in the wake of the luxury real estate market collapse.
“I assumed our 21-story residential building would be condominiums,” said Stephen Karp, chairman of New England Development, who expects to break ground on the Northern Avenue project at Pier 4 next spring. “But that market has changed so much over the past few years … we don’t think it will come back for a long time, and we don’t know if it will ever come back.”
Karp — who made his remarks to a packed meeting of the commercial real estate group NAIOP at the Renaissance Hotel yesterday — joined a panel of Seaport developers cheering the successes of Boston’s rejuvenated waterfront with a host of new restaurants and offices. But the enthusiasm was tempered with the realization that waterfront condos will have to wait.
Charles Reid, executive vice president of Boston Global Investors, the Boston-based group that expects to start construction next year on Seaport Square, a 6.5 million-square-foot, mixed-use development including residences, offices and retail shops, said the market is not ready for new condominiums. “The biggest four-letter word — beside bank — is condo,” Reid told the Herald. “No lender will finance condominiums right now. Our first phase will be 1,100 apartments.”
Developers say the glut of luxury units and sluggish sales have kept lenders at bay. Three major luxury projects in the downtown have struggled to sell out their buildings. The W Hotel & Residences on Stuart Street has sold just 46 of 123 units, the nearby Clarendon, closed on 66 of 107 units while 45 Province in Downtown Crossing has 44 of 150 units sold, according to the Warren Group.
John Drew, president of the Drew Co., who is planning a 2012 ground-breaking for Waterside Place — which includes a supermarket and 236 residential units across from the Boston Convention & Exhibition Center — said he switched the project from condos to apartments due to market changes.
But Drew said condos could be a part of future development. “Right now, there’s no interest by lenders in projects with hundreds of condos,” he said. “But the markets run in cycles and at some point, they will be back in favor.”
On September 2nd, 2011 Patty, Sally (advisor), Steve (advisor), and Kenneth of the PattyC Property Group met with the Boston Redevelopment Authority’s (BRA) Director Peter Meade and his Chief of Staff, James Tierney at Boston City Hall. Patty Chen introduced the company PattyC Property Group and explained the investment projects and how we could help in future developments. Mr. Meade mentioned some projects that we could work together with including the redevelopments of South Boston.
from R: Nader T. Dean of MIT; Doreve N. owner of Nicholaef Architecture firm; Patty Chen,president PattyC Property; property developer ; Lorne McDougall, Lawyer of EAPD LLP从右 :麻省理工学院建筑设计院主任纳德据特哈尼（Nader Tehrani); 尼克拉夫建设计公司的 老板 一夫尼克拉夫（Doreve Nicholaeff）; 总裁陈艺平, 公司开发商; 律师事务所的合伙人洛恩麦克杜格尔
(Jia Hu edited 胡佳稿)
On August 24th, 2011 at the headquarters office of the PattyC Property Group, the president Patty Chen had a meeting with the developer of the Ohio Property; Dean of the Department of Architectural Design at Dean of MIT, Nader Tehrani; owner of Nicholaeff Architecture Firm, Doreve Nicholaeff, and partner of law firm Edwards Angell Palmer & Dodge LLP, Lorne McDougall. They all provided design and building ideas for the future development of the Lake front property.
PattyC Property Group visited the site of their possible investment project. This is intended to be a 4 season mixed use resort community located in Ohio by a Lake.
On Saturday 5-22-2011, in the headquarters office building of PattyC Property Group in Wellesley, MA , PattyC Property Group celebrated the 10th anniversary of PattyC Property Group with over 50 attendees. The guests mostly came from the greater Boston area, as well as 16 representatives of Chinese students from 10 universities. During the party, the other subsidiary divisions of PattyC Property Group in New York and in Chicago also sent a warm congratulatory letter and speech .
星期六 (5-22-2011)，多家公司受邀來到位於Wellesley of MA 派蒂克房地产集团 (PattyC Property Group) 总部办公室，參加了派蒂克房地产集团 (PattyC Property Group) 成立十週年的慶祝活動。 50幾位來賓來自波士頓各行各業，还有来自10所大學的16位中國學生聯誼會代表前來祝賀！我們的貴賓還有欧美同学会副会长王辉耀和夫人苗绿。派蒂克房地 产集团的另外两家子公司美亞商旅集團-纽约和美亞商旅集團-芝加哥也在庆祝会上送来了热情洋溢的祝贺词.
From February 9th, 2011for two weeks, the Chinese Entrepreneurs visit Harvard University and the United States, an unprecedented event coordinated by the Huatuo CEO Forum lead by Mr. Yan Jiehe bringing over 150 Chinese Entrepreneurs with an estimated economic power of more than 50 billion RMB. PattyC Property Group have partially organized the trip since 13 months ago.
Arriving first in New York City for a talk with President Bill Clinton followed by a performance by Peter Buffet, they stopped briefly at West Point and then on to a two day conference at Harvard University involving some of the top minds in economic and business theory from China and America. Following this conference, they traveled to Las Vegas and on to California, where they are organizing information sessions and meetings to learn more about investment opportunities in America.
The Huatuo CEO Forum have been successfully held on Sat. & Sun., Feb.12-13, 2011 at Harvard Kennedy School. All the Guest speakers were top-notch well respected professionals. They are ranging from Nobel Prize recipiant, Real Estate Developers, Financial Professionals, Successful entrepreneurs and Bankers. Topics were both educational and informative. The leader of the 150 Chinese Entrepreneurs, Mr. Yan Jiehe’s speeches were very powerful, passionate and motivational. The 150 Chinese Entrepreneurs were impressed on how well the event ran and were very appreciative of the opportunities presented in the Forum. Mr. Yan hinted, that an event run as well as this one, can quite possible achievable to bring in 500 more Chinese Entrepreneurs for next year!
We are also very happy with the event. Many Chinese Entrepreneurs express strong interest in real estate investment in the USA. Many of them also first learned and are excited about the Real Estate EB-5 Investment opportunity and Youth Summer School programs. PattyC Property Group has also invited and networked with some very good Real Estate investment partners for the event, such as Mr.Harold Brown, president of the Hamilton Company. Hamilton Company is one of the largest Real Estate Develop company in New England; Mr.David Lindahl(The Lindahl Group), a famous real estate investor and educator, and Mr. Ori Ron (Hudson Group ), a famous Boston local real estate developer specialized in urban real estate development.
It will be an exciting year for the PattyC Property Group. Many business opportunities are around. Our programs are very well covered for all of our clients’ needs. www.pattycproperty.com email: Office@pattycproperty.com
June 24, to July 10, 2010, The AAIA Delegation, headquartered in Boston, went to Shanghai, Beijing, ChengDe, Shenzhen, and Hong Kong.
The AAIA Delegation had 7 people, including President of PattyC Property Group and Chairman of America Asia Investments Association (organizing) Patty Chen, President of Education Without Borders Company, Swallow, General Manager of HNI International markets Nathan, Co-Founder and EVP of PharmaHub Corp Roger, Vice president of Iowa Realty Company Tim, professor of AIB Business College Rita, and Technology manager of PattyC Property Group Troy .
During the visit, The AAIA met many of China’s outstanding business people and companies, including Chairman and CEO of SouFun Holdings Ltd – Vincent Mo, Chairman of The Global Chinese Real Estate Congress (GCREC) – Ye Jianping, founder of HURUN REPORT -Hurun and president-Sinclair Lu, vice Chairman of Union Bank of Switzerland (UBS) and CEO of San Shan Capital Partners -Li Shan, President of Softbank Asia Information Foundation (SAIF)- Yan Yan, President of JuneYao Group-Wang JuneHao, owner of four-star hotel in Chengde City and President of the Chamber of Commerce-Lu KongQiu. DaCheng law firm, the largest law firm in China, invited The AAIA to meet with the leaders and experts of several of China’s central private and state enterprises. We discussed the Chinese enterprises’ investments in US real estate, education projects, and the American enterprises’ investments in Chinese health care and high technology companies. The two sides of the Chinese enterprises and the American enterprises agreed to communicate further about the detailed information and to seek future opportunities for deep cooperation. The Chinese enterprises are 1. Commercial Aircraft Corporation of China. 2. China National Real Estate Development Stock Co., Ltd. 3. China Foreign Economy and Trade Trust Co., Ltd., a subsidiary of Sinochem Group. 4. School of International studies, Peking University. The AAIA was also invited to participate in the Shanghai Jiaotong University Century of Wealth financial summit, Western Returned Scholars Association 2010 Beijing Forum, and American educational and cultural cooperation summit. We also visited Pangu Plaza office and international apartments, a seven-star hotel west of the Bird’s Nest and the Water Cube.
The purpose of The AmericAsia Investment Association’s (The AAIA) trip to China was to take the best advantage of both sides of China’s and the United States’s economic markets in real estate, health care, high technology, and China to US education (students) and training (including business executive training at Harvard University). The projects of cooperation and discussion are a total of 15.
As a host, we invited the Chairman of China’s biggest online real estate business company- SouFun Holdings Ltd. (shoufun.com)-Vincent Mo ( 搜房网控股董事长－莫天全) to Boston MA, US on the 26-27th of March 2010. We discussed real estate investment issues in some east and west coast cities for commercial properties, like 4 to 5 starts hotels and A-class office buildings in the US. President Patty Chen awarded Vincent Mo Chairman for being an Outstanding American and Chinese Entrepreneur, to recognize him for growing the Company to the largest real estate information provider in China with operations in 104 major cities since 1999 and his company- SouFun organized 40 Chinese investors to tour New York, California, Boston and Las Vegas on Feb. 24-March 6, 2009 for house-buying opportunities in the US. Chairman Vincent Mo is very interested in developing investments in the US.
Vincent Mo also had a speech at the Harvard Asia Business Conference on March 27th, 2010. At the conference, Vincent Mo was very popular. Many people were really concerned and exited about current over priced real estate in China. But he emphasized that China does not have real estate bubble. 300 million people from the countryside are moving into the cities in the recent 10 years and after these 10 years, another 300 million people from countryside will go to the cities for jobs and livings in China. The houses in China are unsaturated. His index institution analyzes data and monitors the real estate market in China. Now, the company operates in 4 segments: New Houses, Research, Resale & Rental, and Home Furnishing covering all areas in real estate and related industries today.
On Thu, Oct 29, 2009 at 8:20 AM, Patty Chen wrote:
Dear Barbara Corcoran,
I am very excited and looking forward to working with you.
I admire your strong character and great sense of business. I am very proud of you as you are the only woman out of five outstanding entrepreneurs in the Shark Tank TV show.
I am a real estate investor in apartment complexes and started the company in 2001 (www.pattycproperty.com). Because I have deep connections with China’s entrepreneurs, we provide business services between Asia and the United States through collaboration, partnership, and representation with China’s entrepreneurs and companies for real estate investment and service-on-demand in America for the businesses between the United States and China.
I look forward to hearing from you and talking with you soon.
Best regards, Patty Chen
______________________________________________
On Thu, Oct 29, 2009 at 1:00 PM, Barbara Corcoran wrote:
Hi Patty,
I so appreciate your contacting me about your businesses and I hope you keep your enthusiasm pursuing your dream…
Acquiring apartment complexes in good locations such as FL, NV, and AZ markets for distressed properties with the hiring of experts in economics, finance, networking, valuation, asset management and due diligence.
Doreve Nicholaeff holds a Master degree of Architecture in Massachusetts Institute of Technology (MIT), founded well-known Nicholaeff Architecture + Design in 1986 working in California and New England. The firm has built their philosophy on the belief that building should be emotive, warm, inviting, beautiful and inspired; a place for rejuvenation and life. She designed a building is an excellent place of making business deals between the United States and China in our company-AABT Boston.
Sep. 2008, one to one lunch meeting with a most successful real estate investor in US-David Lindahl to discuss the real estate investment in apartment complexes.
