China’s Property Crisis Blew Up Investments That Couldn’t Lose

Citic said its new fund was as safe as they come because it would invest in real estate. Then the developer defaulted and the projects stalled.

How the Dream of Building a California City From Scratch Got Started

A former Goldman Sachs trader moved to the Bay Area to make it in tech. He ended up buying rural land with money from some of Silicon Valley’s wealthiest people.

A California Land Mystery Is Solved. Now the Political Fight Begins.

Tech industry investors spent roughly $900 million buying land to build a dream city in a rural part of the Bay Area. It could be years, though, before they can do anything with it.