With almost 30% of downtown LA office space available for lease or sublease, the value of the 62-story Aon Center plummeted.

  • Riven@lemmy.dbzer0.com
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    8 months ago

    You’re on to something but it isn’t money laundering. It’s the Chinese government and Chinese investors looking to offload their money into another market and in goods that the Chinese government can’t easy take from them. I guess maybe that could be considered money laundering, even though it isn’t illegal. I started noticing it a handful of years ago, right before covid. China itself is also investing into other underdeveloped countries hoping to have a hand on them when they start developing more. Particularly Africa.