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December 8, 2015 | Wall Street Journal | Craig Karmin

A small group of wealthy Chinese investors recently poured $10 million into a luxury condominium project in New York’s Westchester County. The redbrick building, set to open next year, will feature a pool and a roof deck offering sweeping views of the Hudson River.

None of the people bothered to visit the site before plunking down their money.

“It was a relatively easy deal,” said Rick Singer, a New York real-estate investor who introduced the Chinese investors to the project’s developer. “It gave the Chinese what they wanted.”

The investors’ objective, in part, was to move money out of China and into U.S. commercial property, said brokers who have arranged similar deals for wealthy Chinese in recent years...

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Neighborhoods: Elmhurst