Japan Returning To Calif. RE But Avoiding Trophies
By Andrew McIntyre (September 8, 2014, 2:50 PM EDT) -- Japanese investors are wading back into California real estate, but in stark contrast to a quarter-century earlier, they are now staying away from trophy properties and instead joining the frenzy of foreign buyers seeking other assets, lawyers say.
As Japanese investors are increasingly looking to Golden State real estate as a place to park their money, they are eyeing properties in secondary and tertiary markets and opting against properties like many of the major hotel and office assets the country's investors purchased in the late 1980s and early 1990s, in the run-up to the mini-recession.
Lawyers say one of the differences...
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