Law Practice
Nov. 9, 2009
Chinese Investors Eye U.S. Trophies
A Hong Kong investment group snapped up the W Hotel in San Francisco at a 30 percent discount from the height of the market.
By Jason W. Armstrong
Daily Journal Staff Writer
When a Hong Kong investment group bought the W Hotel in San Francisco for $90 million this summer, its members avoided sending out a formal announcement or talking about the deal.
That close-to-the-vest approach is one issue attorneys are dealing with as they adjust to quickly emerging Chinese interest in bargain high-end commercial and residential real estate in California and...
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