Los Angeles has been selected over San Francisco and Chicago as the city to host George Lucas’ $1 billion, 275,000-square-foot museum. The project is expected to create thousands of jobs, both in construction and permanently.
Despite the headline, the articles presents a wide overview of foreign investor’s feelings on American commercial real estate. New York and Los Angeles top the list of favorite cities to invest in. Overseas investors are more pessimistic about the future than they were in 2015. And industrial property overtakes Multifamily as their preferred property type.