Commercial real estate in the Bay Area is high in demand among Chinese buyers, according to reports. And more buyers are coming in.
Big-time San Francisco real estate firm Kidder Matthews has, according to the Chronicle, offered up its services to Chinese firms looking to buy in the Bay.
Kidder Matthews has joined up with a Chinese firm with 3,000 real estate agents, all of whom have money to burn on Bay Area buildings, the newspaper reported.
These buyers have "abundant capital," a spokesman for the group, Tsinghua Real Estate CEO Chamber of Commerce, told the newspaper -- but exactly what they want to buy and when was not immediately disclosed.