Bay area real estate investing gets boost
Yu Wei | China Daily USA | February 11, 2014 | link
A new partnership is opening up opportunities for Chinese investors interested in San Francisco Bay Area real estate.
The collaboration is between Kidder Mathews, a San Francisco-based commercial real estate firm, and China’s Tsinghua Real Estate CEO Chamber of Commerce, a non-governmental organization comprised of more than 3,000 real estate company members.
“This will act as a bridge for Chinese business investment that wants to come to the Bay Area,” said Skip Whitney, executive vice-president of Kidder Mathews.
In 2012, Kidder Mathews opened its China Services Group (CSG), the only China-focused cross-Pacific real estate group in the US that aims to help Chinese investors based on the increasing flow – both business-wise and personal-wise – between China and the US.
“CSG is uniquely situated to help Chinese investors since we have Chinese Nationals in our company, which allows us to communicate in Mandarin and allows the investors to feel comfortable in understanding the local customs and challenges in doing business in the US,” Whitney said.
“We also go beyond the initial investment and acquisitionto work with other professional service providers, such as legal, tax and financing to insure that our client has covered all of the bases for compliance at the highest level for their investment to insure it will be successful,” he added.
Whitney said he and his team will be able to provide a menu of opportunities for the Tsinghua Real Estate CEO Chamber of Commerce investors, including acquisitions of core commercial office buildings in the West Coast gateway cities, office and tech buildings in Silicon Valley, life science building assets, residential joint ventures and development opportunities and retail projects.