CBRE: Middle Eastern investors returning to the USA in 1Q15?
According to CBRE’s ‘In and Out 2015’ review of cross-border investment in commercial real estate, Middle Eastern investors have allocated a minority of the funds committed to property outside the region to projects and opportunities in the Americas. In 1Q15, though, their new purchases were split roughly evenly between Europe and the Americas. In 2014, New York City was the third largest destination (receiving around USD1.3bn out of a total USD14bn in outbound investment from the Middle East. Other key destinations in the USA included Washington DC (USD481mn and sixth place), Los Angeles (USD230mn, ninth), and Atlanta (USD200mn, 10th).
Source : August 2015/CBRE/Washington DC/OFF