| Sovereign wealth and public pension funds grabbed a series of headlines in 2014 as they bought up expensive properties in developed markets. Prime office properties in so-called gateway cities like London, New York and Paris attracted the lion's share of sovereign funds' capital, accounting for $13.8 billion of the $23 billion they spent on global real estate, according to Sovereign Wealth Center data. Of the major business centers, funds favored London, which received $4 billion in investments in 2014.
In the U.S., however, sovereign funds looked beyond New York, the traditional favorite, and targeted other major cities including Boston, Los Angeles, San Francisco and Washington, D.C. In the U.S. capital alone sovereign wealth funds bought four office buildings for a total of $733 million...............................................Full Article: Source
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