My article in the New York Times came out today on the unique aspects of doing business with the international community. While I do enjoy learning about the different cultural traditions, the real story is in how active the Chinese-American community have been.
In the past three months I have sold nearly $30 million worth of office condominiums to business owned by Chinese-Americans. They have a preference towards ownership since, from what I understand, in Asia they only own their office space, rather than rent. The buyers have also been very shrewd business people who recognize that the market is down 40% and it is a great time to buy. I expect that they will build great wealth in the next decade as values appreciate.
I congratulate all of our recent purchasers on a very wise decision, and I look forward to working on many more deals with people of all cultures.