Friday, July 06, 2007

Investors Bullish on United States

"(Commercial Property News) -- Chicago—For the past few years, U.S. real estate has been high on the to-buy lists of investors from around the world, and the deals just keep coming. News emerged in May that China, acting through its newly established state investment agency, will make a $3 billion investment in The Blackstone Group L.P. (NYSE:BX) , the New York City-based global asset manager that is planning a $7 billion IPO. Just about every entity that has big money, both at home and abroad, has been putting cash into the real estate game. Grubb & Ellis (NYSE:GBE) Co. senior vice president of research and client services Robert Bach spoke to contributing editor Barbra Murray about interest in the U.S. market." read more

From Commercial Property News