Why isn’t there any Chinese money in SoFla?

South Florida remains a distant afterthought for most Chinese commercial investors

From the South Florida issue: When a Beijing-based partnership scooped up a Brickell Avenue development site for $74.5 million in 2014 and subsequently announced plans for a $1 billion mixed-use complex, it marked the first significant foray by Chinese investors into South Florida commercial real estate. The joint venture between China City Construction and American Da Tang Group appeared to signal that the region was primed for an influx of Chinese capital in the office, hotel and retail sectors.

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But nearly three years later, capital from Asia’s largest economy remains largely elusive for South Florida projects despite the fact that Chinese nationals now represent the single largest group of foreign investors in U.S. commercial real estate.