Regions International
Magna Entertainmen Closes Excess Real Estate Sale
April 14, 2008

Magna Entertainment Corp. has closed the sale of 225 acres of excess real estate located in Ebreichsdorf, Austria, to a subsidiary of Magna International Inc. for use in its automotive business, it has announced. The net sale proceeds were $31.6 million. MEC, North America's largest owner and operator of horse racetracks, based on revenue, acquires, develops, owns and operates horse racetracks and related pari-mutuel wagering operations, including off-track betting facilities. MEC also develops, owns and operates casinos in conjunction with its racetracks where permitted by law.

 
Recent International Headlines
While Hotel Investment Activity Languishes in the U.S., Market Remains Viable in Brazil
June 10, 2009
Plagued by the global recession that has slashed both business and pleasure travel, the hotel market is suffering on an international level and investors have backed away from buying or building in most locations, with a few exceptions--like Brazil. According to a new report by real estate services firm Jones Lang LaSalle Hotels, the positive long-term growth forecast for Brazil is popping up on the radar of those who are in the position to invest.
While Hotel Investment Activity Languishes in the U.S., Market Remains Viable in Brazil
June 09, 2009
Plagued by the global recession that has slashed both business and pleasure travel, the hotel market is suffering on an international level and investors have backed away from buying or building in most locations, with a few exceptions--like Brazil. According to a new report by real estate services firm Jones Lang LaSalle Hotels, the positive long-term growth forecast for Brazil is popping up on the radar of those who are in the position to invest.
Tokyo is Priciest Market as Climate Favors Office Tenants Worldwide: CBRE
June 08, 2009
Tenants have the edge in most of the world’s major office markets, concludes an analysis by CB Richard Ellis Inc. Class A rents are sliding dramatically and vacancy is ticking upwards in nearly every region, according to the study published last week.
Hotel Construction Pipeline Sluggish Throughout EMEA Region
June 05, 2009
Not surprisingly, the global recession is negatively impacting hotel development throughout Europe, Middle East and Africa regions, according to Lodging Econometrics' Q1 2009 construction pipeline report for the region.
TMW Nabs Shopping Center in France
June 04, 2009
TMW Pramerica Property Investment GmbH has acquired LE 31, a shopping center located in Lille, France.
 
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