With each passing day of bad market news, it's easy to see why there's so much skepticism about real estate investing. Despite banks' shareholders and equity investors tending to want less real estate in their portfolios, however, there are myriad growth opportunities in properties ranging from from apartments in Sydney to office buildings in Shanghai. And some investors are shopping aggressively.
While investors from pension funds in Paris to middle-class property speculators in Las Vegas have been stung by problems in the American residential real estate market, plenty of individual and institutional investors are gobbling up real estate in other sectors. Just this week, in fact, the government of Abu Dhabi bought a 90% stake in New York City's iconic Chrysler building for $800 million.
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