Skip Ribbon Commands
Skip to main content

News Releases


Chinese capital targets Hollywood’s commercial real estate

Los Angeles poised to receive share of global US$15 billion in Chinese investment by the end of 2014


SINGAPORE, SHANGHAI Aug. 28, 2014 – America’s Tinseltown is the latest target for Chinese commercial real estate investment according to a recent report from JLL. While global Chinese outbound transaction volumes catapulted from US$5.6 billion in 2012 to US$11.3 billion in 2013, JLL is forecasting this figure to reach US$15 billion by the end of this year. One of the United States’ gateway cities, Los Angeles’ proximity to Asia coupled with its need for development has led to an uptick of Chinese investment in the market – and the proof is in the numbers. L.A. sits second among U.S. markets, with US$780 million in Chinese investment in 2014.

“Chinese investors are finding themselves increasingly comfortable in L.A., which is a testament to the market’s strong fundamentals, opportunities to obtain secure returns and transparency,” said Michael Zietsman, Managing Director of JLL’s Capital Markets in the U.S. “The level of confidence is evident through the wide spectrum of product and projects they are targeting.”

While Chinese buyers and developers are deploying capital in many international markets, the stability of L.A., the opportunity for long-term capital growth and the relative affordability make the city a particularly attractive destination. 

Downtown L.A. is enjoying the majority of Chinese investment activity, where buyers entered the market through hotel acquisitions and have progressed to building large scale, mixed-use developments. Notably, two Chinese groups, Greenland and China Oceanwide Real Estate, are in the process of developing two high-profile, multifamily and hotel mixed use projects by 2017, at a combined investment total of US$1.5 billion.

Alistair Meadows, Head of JLL’s International Capital Group based in Singapore commented, “Chinese developers have been the trailblazers into gateway cities all over the world and LA is no exception.  Many of these groups are experts in residential and mixed use projects and they are exporting this knowledge to the world’s biggest cities.  They are not all identical; some prefer joint ventures with local partners while others want 100% control.”

The impact of Chinese investment is already having significant consequences for the city’s skyline, its real estate values, and its construction pipeline. JLL anticipates Chinese investments will contribute to this rapid growth and continue to increase for at least the next three years.

- ends - 

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2013 alone, JLL Capital Markets completed $99 billion in investment sale and debt and equity transactions globally. The firm’s Capital Markets team comprises more than 1,300 specialists, operating all over the globe.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page:

About JLL

JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4.0 billion and gross revenue of $4.5 billion, JLL has more than 200 corporate offices, operates in 75 countries and has a global workforce of approximately 53,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.0 billion square feet, or 280.0 million square meters, and completed $99.0 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $50.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit