Fitzgibbon: “For Passco’s clients, retail centers in strong markets that are grocery-anchored or shadow-anchored with a grocer remain a top choice for Chinese investors, as these centers are not as likely to be impacted by online sales.”
This is a guest column from Jack Fitzgibbon, general counsel at Passco Companies, for RECon 2016.
Foreign investment in US real estate is booming, and the retail sector is no exception. Chinese investors are particularly active in the US retail market, driven by our relatively stable economy and political system, as well as the current low interest rate environment. CBRE reports that Chinese based investors have poured more than $1 billion into large existing Orange County properties and big development sites over the past 18 months.