April 4, 2017 Comments Off on Asian Investment in US Trophy Office Assets Quadruples Views: 1115 California, National News, New York, Top National Stories

Asian Investment in US Trophy Office Assets Quadruples

Asian investments in top-tier office properties continued at a torrid pace in 2016. CommercialCafe.com’s most recent research revealed that last year was by far the most prolific, in terms of offshore capital investment in five major U.S. markets since 2012

The noteworthy findings of Yardi CommercialCafe.com’s report include:

    • Asian capital influx increased 343% in 2016 compared to 2015 per total sales volume for top-tier office investments.
    • China Investment Corp. swooped up two NYC buildings, 1221 Avenue of the Americas and 1 New York Plaza for a total of $1.73 billion.
    • Saudi-based Olayan Group added 550 Madison Avenue in Manhattan to its portfolio for $1.4 billion.
    • The priciest East Asian single asset deal went to Hong Kong Monetary Authority, a $1.15-billion purchase of Manhattan’s 1095 Avenue of the Americas.
    • Los Angeles was the second most attractive market,with $1.7 billion invested in eight of the top 20 transactions.
    • San Francisco caught the eye of four Asian investors in 2016, the top 20 transactions totaled $949 million.

Read more at CommercialCafe.com

For comments, questions or concerns, please contact Dennis Kaiser

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