Chinese investment in LA commercial real market declines

LOS ANGELES, April 1 (Xinhua) — In the Los Angeles metropolitan, Chinese investment in commercial real estate slowed in 2017 following the imposition of capital controls, according to a report issued by real estate brokerage Cushman & Wakefield.

The report released last week showed that last year acquisitions by Chinese investors in Los Angeles area declined 67 percent but an overall in commercial property investment reduced by only 1 percent.

There are also some notable Chinese acquisitions, the report said, citing the 117-million U.S. dollars purchase of the Alhambra, a mixed-use complex of housing, offices and shops in Alhambra, a city 20 kilometers west of Los Angeles down town.

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