Please stand by for an influx of more Chinese money.
San Francisco commercial real estate giant Kidder Matthews is partnering with a Chinese real estate consortium “to act as a bridge for Chinese business investment which wants to come to the Bay Area,” the firm said.
The partner in question is Tsinghua Real Estate CEO Chamber of Commerce - that’s its name – an association of 3,000 Chinese real estate agents with what appears to be a considerable amount of money to spend.
“Along with taking advantage of China’s incredible economic growth, our members have gained vast experience in real estate development and other related fields,” said Henry Xu, deputy secretary general of Tsinghua Real Estate. “Our members have also acquired experience and also abundant capital.”
Read more: San Francisco Chronicle Bay Area commercial property draws more Chinese money – SFGate
A rendering of the proposed twin-tower, 655-unit complex to be constructed at 201 Folsom St. Photo: Tishman Speyer