Despite the city's financial woes, increasing taxes, and high vacancy rate, New York was named the second-preferred city, after Washington, D.C. for foreign investors' real estate dollars according to the results of a survey released today by the Association of Foreign Investors in Real Estate (AFIRE).
Following New York were Los Angeles, Chicago, and San Francisco. The 11th annual survey was conducted by Kingsley Associates among members of the Association of Foreign Investors in Real Estate (AFIRE) who collectively have more than $226 billion invested globally including $70 ...
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