"The big investment from a major Chinese company is not surprising to Eric Sussman, a real estate expert and lecturer at UCLA’s Ziman Center for Real Estate. Increasing government regulations and slowing economic growth has inspired many Chinese investors to take their capital abroad, he said, particularly to the West Coast of the United States and Canada. Making a splash with a landmark development in Downtown makes long-term sense, he added. “The Chinese are not going to do suburban projects, so you’re going to see activity in central business districts,” Sussman said. “They’re looking for safe havens for their investment and that’s in major urban hubs.”..."
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03/16/2015
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About UCLA Ziman Center for Real Estate
- UCLA Ziman Center is a multidisciplinary research center of UCLA Anderson School of Management and UCLA School of Law. We seek to advance thought leadership in the field of real estate by generating influential research, educating the next generation of leaders and providing meaningful forums for industry professionals and policy makers.
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