Foreign Investors Playing Larger Role in High-Profile Land Segment
Top CBRE broker, Laurie Lustig-Bower, has a front row seat to the influence foreign investors are having on the trophy, land asset market. While in Southern California, the outsize buys made by foreign buyers for residential land have been confined to the multifamily and condominium sector, thus far, it remains to be seen if this appetite will spread to high-profile land for traditional, for-sale single-family housing. Certainly, there have been foreign investors hovering around this space, but actual closed transactions have mainly been smaller buys.
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