Is Chinese investment in LA leveling off?

A rendering of Metropolis (Greenland USA)
A rendering of Metropolis (Greenland USA)

Chinese investment in the Los Angeles metro area totaled just under $1.59 billion in 2016, a new Cushman & Wakefield report shows.

The figure is just a touch higher than the $1.58 billion invested in 2015 — and a far cry from 2014’s $2.63 billion total.

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La La Land, however, is still a favored city among Chinese investors. In 2016, L.A. took in 7 percent of all Chinese investment in American real estate, second only to New York and San Francisco, Curbed reported.

Massive Chinese developments such as Greenland’s Metropolis, Oceanwide’s Oceanwide Plaza and Hazen’s LA Center Downtown are “inspiring additional investment,” the report notes. [Curbed] — Hannah Miet