The potential influence of Chinese banks in the American real estate sector became apparent this week with builder Lennar Corp. gaining approval on loans worth $1.7 billion from China Development Bank, reports Martha Branningan with The Miami Herald.

The loans will fund construction of two mixed-use real estate developments, including the redevelopment of the Hunters Point Shipyard-Candlestick Point and the redevelopment of Treasure Island and Yerba Buena Islands in the San Francisco Bay.

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