patrick.net

https://www.wsj.com/articles/chinese-real-estate-investors-retreat-from-u-s-as-political-pressure-mounts-1532437934

...The retreat by Chinese investors could slow growth further in the U.S. commercial real-estate market. Property values have plateaued on average in the last 18 months after rising sharply in the early years of the post-2008 financial crisis recovery.

While Chinese buyers never represented more than a fraction of the buying power in any U.S. market, these companies often made headlines with the steep prices they were willing to pay, which helped push values higher in certain segments of the market.

In 2015, China’s Sunshine Insurance Group bought the Baccarat Hotel in midtown Manhattan for around $230 million, a price that valued the luxury property at about $2 million a room. That was one of the highest valuations ever for a hotel by the popular industry metric...