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BUSINESS
April 5, 1988 | DOUGLAS FRANTZ, Times Staff Writer
Japanese investors spent a record $12.7 billion on U.S. real estate in 1987, an increase of 70% over the previous year, according to new data compiled by an accounting and consulting firm. The data indicate that the Japanese investment boom is diversifying beyond office buildings and hotels into industrial and residential property, and the investors are expanding from major cities into suburban and secondary real estate markets, such as San Diego and Orange County.
BUSINESS
April 5, 1988 | DOUGLAS FRANTZ, Times Staff Writer
Japanese investors spent a record $12.7 billion on U.S. real estate in 1987, an increase of 70% over the previous year, according to new data compiled by an accounting and consulting firm. The data indicate that the Japanese investment boom is diversifying beyond office buildings and hotels into industrial and residential property, and the investors are expanding from major cities into suburban and secondary real estate markets, such as San Diego and Orange County.
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