Young Research & Publishing Inc.

Investment Research Since 1978

Disclosure

  • About Us
    • Contributors
    • Archives
    • The Final Richard C. Young’s Intelligence Report
    • You’ve Read The Last Issue of Intelligence Report, Now What?
    • Dick Young’s Research Key: Anecdotal Evidence Gathering
    • Crisis at Vanguard
  • Investment Analysis
    • Bonds
    • Currencies and Gold
    • Dividend Investing
    • ETFs & Funds
    • Investment Strategy
    • Retirement Investing
    • Stocks
    • The Efficient Frontier
  • Investment Counsel
  • Dynamic Maximizers®
  • Retirement Compounders®
  • Free Email Signup
  • Dick Young’s Safe America

Chinese Exiting U.S. Real Estate Market?

November 16, 2018 By Young Research

By kao @ Shutterstock.com

One thing that has propped up the U.S. real estate market since the financial crisis has been the willingness of foreign buyers, especially Chinese buyers, to purchase land and buildings in America. That trend could be reversing itself, however. Esther Fung reports in The Wall Street Journal:

Chinese companies spent tens of billions of dollars on U.S. real estate in the years following the financial crisis, snapping up high-profile properties like the Waldorf Astoria and Baccarat Hotel in New York. But in the second quarter Chinese investors turned net sellers of U.S. real estate for the first time in a decade. That selling continued in the third quarter, according to data firm Real Capital Analytics.

The partnership of Alagem Capital, headed by hotel mogul Beny Alagem, and Cain International already owns two neighboring hotels: the Waldorf Astoria Beverly Hills and the Beverly Hilton. With the latest purchase of the One Beverly Hills site located next to the Beverly Hilton, they will own a contiguous site of 17 acres that comes with a coveted 90210 ZIP Code.

“We are used to developing iconic projects in iconic areas,” Mr. Goldstein said in an interview. He added that it is a once-in-a generation opportunity to be able to develop more than 1 million square feet of space on both the Beverly Hilton and the One Beverly Hills sites. Mr. Goldstein said he expects the deal to close this month.

In 2016, Mr. Alagem’s company, Oasis West Realty, which owns Beverly Hilton, complained that Wanda’s project design would impede traffic.

Wanda had clashed with a hotel labor union, and late last year, contractors that had worked on One Beverly Hills filed liens against the property, saying they were owed millions for their work.

Wanda didn’t immediately respond to requests for comment.

Read more here.

Share this:

  • Email
  • Twitter
  • Facebook

You Might Also Like:

  • New York Real Estate Sales Plunge
  • What’s Supporting Real Estate Prices?
  • Is Manhattan Real Estate the Canary in the Coal Mine?
  • Author
  • Recent Posts
Young Research
Latest posts by Young Research (see all)
  • Happy Martin Luther King Jr. Day! - January 18, 2021
  • Happy New Year! - January 1, 2021
  • Merry Christmas! - December 25, 2020

Search Young Research

Most Popular

  • The Fed is Sacrificing Retirees to Save the Banks
  • Dick Young’s Safe America: Chapter 1, Part I
  • I’ve Been in Richard Young’s Maximizers for Years
  • Vanguard Wellesley (VWINX) vs. Wellington (VWELX): Which Fund is Best?
  • The Power of a Compound Interest Table
  • Whether Through Audacity or Ignorance, Stock Fundamentals Are Being Ignored
  • The Highest Yielding S&P 500 Stocks
  • Smith Family Robinson in Live Free or Die, NH
  • Jim Simons's Renaissance Technologies vs. Internet Forum Traders
  • February RAGE Gauge: Americans Focusing on What's In Front of Them

Don’t Miss

Default Risk Among the Many Concerns with Annuities

Risk and Reward: An Efficient Frontier

How to be a Billionaire: Proven Strategies from the Titans of Wealth

Could this Be the Vanguard GNMA Winning Edge?

Cryptocosm and Life After Google

Warning: Avoid Mutual Fund Year End Distributions

Is Gold a Good Long-term Investment?

How to Invest in Gold

Vanguard Wellington (VWELX): The Original Balanced Fund

What is the Best Gold ETF for Investing and Trading?

Procter & Gamble (PG) Stock: The Only True Dividend King

The Dividend King of the North

You’ll Love This if You’re Dreaming of an Active Retirement Life

RSS The Latest at Richardcyoung.com

  • Absentee Ballots Not Verified
  • SARS-CoV-2: Probability of Outdoor Airborne Transmission Very Low
  • Your Personal Safety: Concealed-Carry How to Carry Your Freedom
  • Mostly Peaceful, Ungovernable Protestors
  • Biden’s Inaugural, the Most Confusing, Contradictory, Incoherent Ever?
  • Is the GOP Over? Not Even Close: Here’s Why
  • Impeaching an Ex-President is Unconstitutional
  • Ten Republican Senators to Get Behind
  • Why Do Government Officials Want To Silence Their Opponents?
  • And 2022 Is Right Around the Corner

About Us

  • About Young Research
  • Archives
  • Contributors

Our Partners

  • Richard C. Young & Co.
  • Richardcyoung.com

Social Media

  • Facebook
  • Twitter
  • Youtube
  • Pinterest

Copyright © 2021 | Terms & Conditions

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.