Silicon Valley Business Journal
From the article:
In one of the most substantial downtown San Jose deals in ages, a Chinese real estate giant has acquired a major high-rise apartment development site with plans to start construction next year.
KT Properties just sold its roughly 2-acre site at 190 W. St. James St. — which is fully approved for 643 units in two towers — to Full Power Properties LLC, according to title records. Sources who have been tracking the deal said the buyer is an affiliate of Guangzhou R&F Properties, a major landlord in China that has been increasing its activity abroad. The price was not disclosed.
Shaoyong Liu, a representative of Full Power Properties LLC, declined to discuss the new owner in detail, but said the company was excited to invest in the city.