FROM Karen Weise
Chinese Millionaires Are Snapping Up LA Real Estate Investors from China bought $22 billion worth of homes in the United States last year and Arcadia, in the San Gabriel Valley, is a microcosm of what’s happening around the country. Karen Weise reports on real estate for Bloomberg Businessweek. Ping Chen is from mainland China. Since the year 2000, she’s been a realtor in Alhambra.