News of Chinese investment in U.S. real estate continues to roll in, with recent highlights including Esong Group’s $52 million acquisition of the 405-key Holiday Inn near LAX, Xinyuan’s $66 million purchase of a New York City development site and Joe Sitt of Thor Equities’ pronouncement that despite a lull at the start of the year, Chinese interest is back, big time.
The Real Deal has once again taken note, and we’re heading back to China this November for our second U.S. Real Estate Showcase & Forum in Shanghai.
The event will take place at the five-star Jing An Shangri-La Hotel from Nov. 17 to 19. Our 2016 show will bring prominent industry professionals and investors from the United States to Shanghai, including former New York City Mayor Rudy Giuliani, who will be delivering this year’s keynote address.
Other distinguished speakers in our growing list include Bruce Mosler (Cushman & Wakefield), Sharif El-Gamal (Soho Properties), Don Peebles (Peebles Corp.), Chris Wien (Great Gulf), Chris Marlin (Lennar), Nick Mastroianni II (U.S. Immigration Fund), Jay Neveloff (Kramer Levin) , Jonathan Miller (Miller Samuel) and U.S. Ambassador Charles Gargano. The sessions will compliment workshops and more than 100 exhibits of residential and commercial developments.
A report issued this spring said Chinese investment in existing U.S. real estate assets could total more than $218 billion from 2016 through 2020. But there is a major disconnect between Chinese investors and U.S. developers and marketers owing to differences in culture, language, time zone, Internet freedoms and market familiarity. The Real Deal’s U.S. Real Estate Forum and Showcase will provide an arena for dealmaking and relationship-building in this notoriously difficult market.
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