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September 18, 2011
China Buys US For A Bargain
The Bull
This item speaks about Chinese investments includes Atlantic Yards, but the EB-5 program is not mentioned. Besides getting Green Cards, it's not clear what return Chinese investors would get from their AY investment.
According to a recent report in the New York Times, investors from China are "snapping up luxury apartments" and are planning to spend hundreds of millions of dollars on commercial and residential projects like Atlantic Yards in Brooklyn. Chinese companies also have signed major leases at the Empire State Building and at 1 World Trade Center, the report said.
Posted by steve at September 18, 2011 10:36 PM