Wednesday, October 6, 2010

Shrewd Hong Kong Real Estate Players Back in Action in L.A.

CNBC's Jane Wells teases with this series of tweets:


If Bernanke does indeed go bonkers on the inflation front, this will, indeed, be a very shrewd buy.
Just met advisor to Hong Kong group which bought old Robinson's dept store property in Bev Hills out of foreclosure. Wow. Smart.

Previous owners paid record $500m for area at Wilshire and Santa Monica. These guys bought it for $143m. Hope to have story on next week.

These Hong Kong investors bought US property starting in mid 90s and sold it all by 2007. Now coming back in for second cycle.

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