Burlingame Point office site sells to Asian investment group for $48M

In a deal that will bring new international companies to the north Peninsula, an Asia-focused investment group has closed on Burlingame Point — one of the largest approved office development sites in the region. The buyer, a Chinese investment group, paid $47.7 million for the 18-acre site at 300 Airport Blvd., according to public tax records. The deal — which has been widely expected in the market for months— sets the stage for the most significant office project to rise in Burlingame in…