By Craig Karmin | The Wall Street Journal
Asian investors are pumping money into U.S. commercial real estate at a record pace, pushing real-estate values higher and helping get stalled projects off the ground.
Equity investments in the U.S. from Singapore, South Korea and China are already at all-time highs this year, for a combined total of $5.2 billion though mid-June, according to data from Real Capital Analytics. At this pace, Singapore and China would invest several times their amounts of last year, while South Korea would more than triple its investment.
Investors from these countries have included on their shopping lists a Hawaiian resort, an office tower on Chicago’s swank West Wacker Drive and New York condo developments.
