Dive Brief:
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Unable to sell their wares at home, a number of Greek building materials suppliers were in New York last week to cut deals with American construction companies and owners of commercial property.
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The Greek executives are from manufacturers of metal, windows, and kitchen sinks, according to The Commercial Observer, a part of the magazine group that publishes New York Observer.
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The Chambers of Commerce in Athens and New York have an existing relationship, the magazine reported. The executives came to the U.S. at the invitation of the New York-based Hellenic-American Chamber of Commerce, which arranged for them to visit with nearly 80 U.S. companies.
Dive Insight:
Last week’s visit was the latest in a series of expeditions to the Big Apple by international real estate-related firms.
Hamburg, Germany-based luxury homebuilder and commercial developer Engel & Völkers recently opened a New York office. In addition, a number of British and French firms have been investing in New York real estate.