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As investors, Chinese turn to New York

Investors from China are snapping up luxury apartments and planning to spend hundreds of millions of dollars on commercial and residential projects like Atlantic Yards in Brooklyn. Kirk Semple reports for the New York Times. August 10, 2011 -- Dan Fasulo, managing director of Real Capital Analytics was combing through his files the other day for deals in New York City that involved Chinese investments. As the list grew longer and longer, he paused, a tone of surprise in his voice. “It’s truly amazing how much they’ve been able to do without being highlighted in public,” he said. “In terms of overall flow from China into the U.S., many of us believe that it could accelerate very quickly, and it could even parallel what Japanese investment did in the mid-’80s,” said Clarence Kwan, a senior partner at Deloitte, a business services firm.