As Investors, Chinese Turn to New York

Chinese banks have poured more than $1 billion into real estate loans in New York City in the past year. Investors from China are snapping up luxury apartments and planning to spend hundreds of millions of dollars on commercial and residential projects like Atlantic Yards in Brooklyn. Chinese companies have signed major leases at the Empire State Building and at 1 World Trade Center, which is the centerpiece of the rebuilding at ground zero.


Even one of the region’s fastest growing construction companies is Chinese. The company, China Construction America, has won contracts on major public works projects, including the Tappan Zee and Alexander Hamilton Bridges, the No. 7 subway line extension and the $91 million Metro-North Railroad station at Yankee Stadium.


Read full article:  As Investors, Chinese Turn to New York

Michael Stoler Real Estate Report: Where the Demand Is Coming From

The current issue of the Commercial Observer contains an Michael Stohler's analysis of demand in the investment sales market.  The overall message is "global, local investment up over 2010."

In fact, various figures quoted by key industry players shows volumes are "up" in several different ways.

• Jones Lang LaSalle reported $49B in the second quarter for US investments
• Cushman & Wakefield reported commercial property sales up 152% over last year
• Eastern Consolidated reported $9.4B in $10M+ transactions

The article continued to cite several different drivers for this increase in volumes, including:

• Recapitalization
• Purchases by institutional investors, REITs and sovereign wealth funds
• Hotel purchases

Read the full analysis online: Michael Stoler Real Estate Report: Where the Demand Is Coming From