These countries are pouring the most money into LA commercial real estate

1. Singapore ($2.26 billion) – Firms made hefty retail purchases in L.A. in 2015, including a $1.38 billion interest stake in the Lakewood Center mall and $873.5 million in the Los Cerritos Center. (Credit: Getty Images)
2. Qatar ($2.08 billion) – The Qatari Investment Authority purchased several Blackstone office properties in L.A. and Santa Monica through a partnership with DEI. (Credit: Getty Images)
3. Canada ($1.6 billion) – Canada-based firms made more than two dozen purchases in the L.A. region in the past two years covering the industrial, office, apartment and hotel sectors. (Credit: Getty Images)
4. France ($519 million) – in April 2016, AXA Real Estate investment Managers bought a 49% share in the Peoples Bank Building on Wilshire Blvd worth $245 million. (Credit: Getty Images)
5. South Korea ($472.1 million) – The country’s National Pension Service purchased three properties that are part of the Runway Playa Vista development on West Millennium Drive. (Credit: Getty Images)
6. Germany ($380.1 million) – Investors focused on the office space market with two major purchases within the past two years. (Credit: Getty Images)
7. China ($311.1 million) – The $156 million sale of the Alhambra office building on South Fremont Avenue by Elite Int’l Investment Fund to AIG Global Real Estate was the priciest sale made by a Chinese firm during the last two years. (Credit: Getty Images)
8. Japan ($273.1 million) – Investors made only one purchase during the two-year period. The ASO Group bought the Google-leased Spruce Goose hangar and three surrounding buildings on South Campus Center Drive. (Credit: Getty Images)
9. Switzerland (191.5 million) – The largest purchases by a Swiss firm was for office properties on Empire Avenue in Burbank for $46.2 million and $34.2 million, respectively. (Credit: Getty Images)
10. Hong Kong ($83.4 million) – Investors from this region of China have diversified more than $83 million into L.A. with condominium, office and industrial purchases. (Credit: Getty Images)
11. Thailand ($75 million) – Investor Thosapong Jaruthavee purchased an 80 percent stake in the Sunset Tower Hotel in June 2015, then sold it in June 2017 when the investment had appreciated to $100 million. (Credit: Getty Images)
12. United Kingdom ($50 million) – The purchase of a retail spot along the Santa Monica promenade was made by private equity firm Meyer Bergman in June 2015. (Credit: Getty Images)

In 2017, Los Angeles dethroned New York City as the first stop for foreign capital in the United States. For the first time ever, the city bested its East Coast counterpart as the top destination for overseas money, raking in nearly $23 billion in investments last year.

In the commercial sector alone, foreign investors pumped more than $8.28 billion into Los Angeles County in the last two years.

So which countries are placing their bets on L.A.? Check out the slideshow to see where foreign capital is pouring in from, and be sure to read The Real Deal’s October 2017 issue story, ‘“Foreign inflows.”

30 January 2018
The Real Deal
Uncategorized
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These countries are pouring the most money into LA commercial real estate

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