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."
