CLIFFSIDE PARK, NJ—Some of the world's leading foreign development companies gathered recently to discuss the heavy stream of overseas capital that's flowing into the New Jersey Gold Coast to underwrite a wave of substantial new residential projects at a pace more commonly seen across the Hudson River in New York.
DMG Investments and the American Chinese Real Estate Society hosted the panel, which included speakers from five global development firms that are betting on continued growth of the New Jersey Gold Coast, which includes Cliffside Park, Edgewater, Weehawken and Jersey City.
“The New Jersey Gold Coast is a national, and perhaps international, success story,” says Jacky He, head of operations for DMG Investments. One Park, the site of the event, is one of the six projects that the company is currently developing, while looking to invest in other projects across the US.
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