China-Focused Practices Grow
Investors from China and other countries have shown increasing interest in real estate in the U.S. Particularly in China where the economy is blooming, legal observers say government-controlled institutional money has taken a much stronger interest in pricey commercial real estate in American cities considered to be financial and business ‘gateways’ to China such as Los Angeles, San Francisco and New York.
Gregory Karns, who manages the firm’s Pacific Rim Group told the publication in an August 3rd issue that Chinese Banks increasingly are establishing U.S. outposts which are often funding local big money deals.
“In the Chinese government, this sort of investment is being encouraged and they are encouraging their financial institutions to get money out there too," he said. Karns adds that not many years ago, factors including U.S. markets constraints made it a lot more difficult for these groups to invest here.”