Why One Atty Is Steering Chinese Buyers Away From NYC

Law360, Minneapolis (June 2, 2017, 7:13 PM EDT) -- As Chinese investors in U.S. real estate struggle to get desired returns in major markets such as New York, it’s time they started looking at less familiar secondary markets like Dallas where opportunities are ripe, Polsinelli PC real estate leader Dan Flanigan told Law360 in a recent interview.

It’s a message that Flanigan, chair of Polsinelli's real estate and financial services department and managing partner in the firm's New York office, has been spreading lately. He recently gave what he described as a rare talk in Beijing on secondary U.S. markets.

“I'm not sure anyone [in China] has ever talked at...

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