As the economy softens in the U.S. and emerging markets continue to thrive, foreign investors are purchasing U.S. properties in a growing trend that includes the recent Abu Dhabi Investment Council's (a sovereign wealth fund) purchase of a 75% stake in the Chrysler Building. These topics, among others, will be examined by leaders from around the globe at Cityscape USA-a large-scale networking exhibition and conference where U.S. real estate industry professionals will have access to and network with some of the biggest names in the emerging world. The conference will be held Sept. 9-12 at the Jacob Javitz Center.
Robert White Jr., founder and president of Real Capital Analytics will be speaking at the conference about global capital flows. Geoffrey Dohrmann, president, CEO, publisher and editor-in-chief at Institutional Real Estate, Inc. will be speaking about institutional investors' perspective on emerging market real estate opportunities.
Cityscape USA has attracted support from major industry firms including investment sponsor, Dubai-based Nakheel; platinum sponsor, US-based CityCenter; and silver sponsors, US-based ING, Savannah, and Capri Capital Partners.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
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