The example of Oceanwide Plaza, which recently halted construction across the street from the Staples Center, raises more questions than it answers about foreign investment in Downtown Los Angeles' revitalization.
Markets for residential property income of East Asia's most expensive cities are slowing down. The U.S.-China trade war is one factor, along with local controls and a mainland Chinese economy applying the brakes.
Chinese developers are pouring money into high-rise housing projects in Los Angeles. But will these be pieds-a-terre for absent buyers? And how are developers dealing with the American regulatory environment?