Chinese Cash Pours Into US Real Estate

For eight years, a pair of local developers gradually readied a 42-acre strip of waterfront land 10 miles south of downtown San Francisco for a major project, steering it through local land-use approvals.

Now, a group of major Chinese developers is poised to do the heavy lifting. The venture of Greenland Holding Group, Ping An Trust and other investors paid $171 million last month for the site that juts into San Francisco Bay.

Article source: http://www.wsj.com/articles/chinese-cash-pours-into-u-s-real-estate-1472569340

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