City courting new Chinese tenants

TRD New York /
Apr.April 21, 2011 09:35 AM

Officials from the city’s Economic Development Corp. met with the leaders of several Chinese firms yesterday for a Midtown Manhattan real estate office tour that included One Bryant Park and the Empire State Building, part of a larger, recent effort to attract foreign tenants to New York. According to the Wall Street Journal, the city is focusing on companies it sees as having big potential for growth. It has already courted a group of technology start-ups from London, and has plans to host businesses from Singapore and India in the coming months. Gregory Kraut of CB Richard Ellis hosted the tour, and said that in particular, Chinese firms looking to go public have their eyes on New York. “It’s like when Japan came here 20 years ago,” he said. Among the Chinese businesses that have their sights set on the Big Apple: Yangtze River Delta Construction Investment Group, which may take space in the Empire State Building, and Golbelink China Logistics. Apparel company Li & Wang also recently leased space in the Empire State Building, while Chinese sovereign wealth fund China Investment Corp. expanded its offices at 350 Park Avenue last year. [WSJ]


Related Articles

arrow_forward_ios
Trump’s tax returns, Amazon gets into proptech: Daily digest

Trump’s tax returns, Amazon gets into proptech: Daily digest

One Bryant Park (Credit: The Durst Organization)

Bank of America leads $1.6B refi for tower named after it at One Bryant Park

Empire State Realty Trust's David A. Karp

Empire State Realty Trust’s CFO David Karp is stepping down

Time Equities CEO Francis Greenburger and Empire State Realty Trust CEO Anthony Malkin (Credit: Getty Images and iStock)

Going green has some city landlords seeing red

Despite an “overheated” market, Bank of America is ramping up its CRE exposure

Despite an “overheated” market, Bank of America is ramping up its CRE exposure

Infrastructure firm expands to more than 100K sf at Empire State Building

Infrastructure firm expands to more than 100K sf at Empire State Building

Lights, camera, development: City issues RFP for film studio in Sunset Park

Lights, camera, development: City issues RFP for film studio in Sunset Park

Marisa Lago and East Harlem (Photo Credit: NYC.gov and iStock)

EDC has spent half of its $700M rezoning fund money on just four neighborhoods

arrow_forward_ios