Over the past three years, Chinese investors have plowed money into some of the highest-profile developments in the US. With projects under way or in the pipeline in San Francisco, New York, Boston, Chicago, Los Angeles and Miami, The Wall Street Journal reports. In the first half of 2016, completed US commercial property purchases by China-based investors were up 19% over a year earlier to $5 billion, according to data tracker Real Capital Analytics Inc. Including deals under contract that haven’t been finished, Chinese investors have committed $12.9 billion this year, nearly matching the $14 billion in all of 2015. The rate of increase does appear to be slower this year, given that in 2014 there was just $3.4 billion in sales to Chinese investors, according to Real Capital.
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