Los Angeles County surpassed Manhattan to become the top investment sales market in the U.S. last year, totaling more than $28 billion on record-high multifamily and industrial activity. Part of L.A.’s high dollar amount was attributed to foreign investors — including the continued pullback from Chinese firms — that sold off hundreds of millions of dollars worth of assets. According to CBRE’s capital markets report for 2019, multifamily sales volume reached $9.5 billion and industrial
source https://therealdeal.com/2020/02/13/la-tops-us-i-sales-market-in-2019/
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