Chinese Property Developers Still prefer L.A.
Chinese companies have been pulling back on their real-estate investments from New York to London to San Francisco. But in Los Angeles, they are mostly staying put. A host of Chinese firms that bought significant development sites or projects in downtown Los Angeles say they are sticking around, though some have put their projects on hold for financial reasons. Others point to a budding construction glut in Los Angeles for the pause.
Tags : INTERNATIONAL