As an international student from China I was happy to read about these.
The GM building is considered one of the most valuable office towers in the U.S. In May, a large piece of it was purchased by a Chinese real estate developer. Her name is Xin Zhang., the executive officer of Soho China, already owns a significant stake in the Park Avenue Plaza, and other Chinese firms and investor are buying up notable properties across New York.
Thoes Asian investors are not just buying in New York, Also LA, Hawaii and IL. Canada still buys more commercial real estate in the U.S. than any other nation, but China and other Asian nations are roaring up behind.
In 1980. when Japan scooped up everything from Rockefeller Center to Pebble Beach Golf Links, at inflated prices. Many investors were hit with big losses when the real estate market crumbled a few years later. today's investors may well take heed of the Japanese experience. But CBRE's says Asian nations -investors flush with cash- want to diversify.
maybe I should work on looking for new job chances in real estate field.
No comments:
Post a Comment