Prospecting for Dollars: Developers Market Foreign Real Estate to New Yorkers

(The New York TimesInternational buyers are known for spending big money in New York, be it the woman from China who spent more than $6 million on a home for her toddler at the skyscraper One57, or the daughter of Dmitry Rybolovlev, the Russian potash magnate, who used a trust to pay $88 million for an apartment at 15 Central Park West.

But what of wealthy New York buyers who might set their sights elsewhere? As luxury real estate surges globally, developers with projects in cities around the world are increasingly turning their marketing dollars toward New York.

Source: http://www.nytimes.com/2013/11/17/realesta...