Who’s Who in Real Estate: Rising Tide

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Investors from such Asian markets as Hong Kong, Macau and Taiwan have been selectively buying, developing and selling real estate for years in Los Angeles. Until recently, however, investors from mainland China have largely stayed away. But now, with China’s economy poised to overtake that of the United States as the largest in the world, investors from the People’s Republic are flooding into U.S. gateway cities – Los Angeles chief among them – with an eye toward long-term investment. Some of the most notable recent property sales in Los Angeles, including many of the largest projects downtown, were funded by Chinese capital. In the last nine months alone, the 6.3-acre Metropolis site, the 4.6-acre Fig-Central site, the 1-acre Olympic and Olive site and – most recently – the Luxe Hotel site, were all scooped up by Chinese investors. Dozens more hotels and development sites countywide, including the Robinsons-May site in Beverly Hills, have also been sold to Chinese investors. In this Who’s Who in Real Estate Special Report, the Business Journal profiles nine people – investors, developers, brokers, lawyers and consultants – who have been instrumental in facilitating this wave of Chinese investment in Los Angeles real estate.

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