Posted by: BayAreaComRE | January 23, 2010

S.F. Real Estate #3 in Foreign Investments

Members of the Association of Foreign Investors in Real Estate nominated San Francisco as the third most desireable city in the U.S. to invest in real estate. The fourth quarter 2009 survey was conducted by the James A. Graaskamp Center for Real Estate, Wisconsin School of Business. Overall, foreign investors believe that on a global scale, the U.S. is the most promising environment for real estate investments. These investors believe that the U.S. has historically demonstrated the greatest opportunity for real estate capital appreciation over time. San Francisco in particular has been in and out of the top five list since 1992. This year, San Fran came in behind New York and Washington D.C., respectively. Over the last decade foreign investors have been mostly absent from the San Francisco real estate market, until recently. Steve Pan, a Taiwanese investor, bought 49 Stevenson for $24.2 million earlier this month after taking a break from his aggressive investments in the early 1990s. Pan’s reentry into the San Francisco market could potentially draw other major Taiwanese investors who want to take advantage of the somewhat distressed properties the city has to offer. As the markets begin to beef up and money becomes more accessible, the local market will slowly reap the benefits of foreign investors.

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Responses

  1. […] AEW purchased Stevens Creek Shopping Center in San Jose last year, but will now focus on San Francisco. This news backs up our recent story that San Francisco is ranked 3rd in foreign investment opportunities, See BayAreaComRE story. […]

  2. […] Association of Foreign Investors in Real Estate. We have discussed this in previous posts as well S.F. Real Estate #3 in Foreign Investments. We are proud of C&W to publish one of the first global, company-wide blogs by a leading […]


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