February 7, 2020
Recent Chinese economic instability has capital flows for significant U.S. development projects in otherwise healthy domestic markets in question. This has forced investors to seek funding alternatives, like the recent sale of San Francisco’s Oceanwide Plaza for $1 billion.
Now, Pacific Links International (PLI), a company owned by private Chinese investor Du Sha, is enlisting CBRE Golf and Resort Group’s Jeff Woolson to bring its Makaha Valley Resort project on Oahu, HI, to market in advance of potential funding issues.
PLI has plans for the development of two championship golf courses at the resort, including a Tiger Woods design, as the centerpieces of a 644-acre, mixed-use property.
According to PLI CEO Rudy Anderson, “Many companies are looking to alternative sources of financing major projects as moving money out of (China) becomes more difficult, and Pacific Links International is no different in this regard as its primary source of revenue is generated in mainland China.”
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