Press Play with Madeleine Brand
Downtown’s Chinese Investment Boom
With changes to visa rules, we may see more Chinese people living in Southern California in the coming years. But Chinese money has already arrived in a big way -- especially in downtown Los Angeles. Last year, the Chinese invested nearly $1 billion in L.A. real estate. In the last five years, Chinese investment in L.A. has doubled.
By Madeleine Brand • • 1 min readWith changes to visa rules, we may see more Chinese people living in Southern California in the coming years. But Chinese money has already arrived in a big way -- especially in downtown Los Angeles. Last year, the Chinese invested nearly $1 billion in L.A. real estate. In the last five years, Chinese investment in L.A. has doubled. What’s driving the boom?
