Plaza Construction, a construction management and general contracting firm, was sold for an undisclosed price to China Construction America, a subsidiary of China State Construction Engineering Corp., one of the largest builders in China. Paul Hastings LLP advised Steven Fisher and other family members of real estate firm Fisher Brothers in the sale, which originally founded Plaza Construction to provide construction management and general contracting on Fisher Brothers projects. According to a press release, Plaza will continue to operate autonomously under the name Plaza Construction.
"Our firm has always maintained a very 'hands-on' approach to working with our clients and managing world class construction projects for nearly 30 years," said Richard Wood, Plaza Construction CEO. "With the recent acquisition, Plaza is poised for accelerated growth with enhanced resources and bonding and procurement capabilities."
In addition to the purchase of Plaza Construction, China Construction America is also building a $3.4 billion casino and resort in the Bahamas, and has a number of significant contracts in Abu Dhabi, 100 miles down the road from Dubai in the U.A.E.
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