Foreigners Chomp Into Manhattan Investment Sales

You're not imagining it: Foreigners really are buying up more of Manhattan lately, and it's not just the condos they adore. They love whole buildings and whole building portfolios, too, apparently.

Foreign buyers account for one-third of the more than $2.6 billion in investment sales in Manhattan currently under contract, according to a report out this morning from brokerage Cushman & Wakefield.