Are Asian Investors About to Storm Manhattan Real Estate? AIG Deal Suggests Yes!

Tuesday's blockbuster news that a Korean investment bank and local developer Young Woo are in contract to buy AIG's two skyscrapers downtown begs the question: Is Asian money the next wave to hit New York commercial real estate?

"It is definitely a trend," said Yoron Cohen, executive vice president of Cushman & Wakefield's New York capital markets group. "We have quite a few Asian groups looking at stuff that we have for sale."

And who can...

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