Regions International
Falcon Flies: Investment Advisor Expands Foreign Representation
May 09, 2008
Editor-in-chief Suzann D. Silverman spoke with Howard Hallengren, chairman of Falcon Real Estate Investment Co., about his company’s business. Hallengren co-founded the company in 1991 to represent foreign investors in U.S. real estate after providing similar services through Chase Manhattan Bank’s international private banking group in the 1980s. For more on how Hallengren sees foreign investment changing, see the May issue of CPN or search for key words “Howard Hallengren” in quotation marks.
Waterfront Toronto Selects Development Partners for West Don Lands
May 09, 2008
Waterfront Toronto, a entity set up by the Canadian federal government and the governments of Ontario and Toronto, has selected development partners for the first phase of West Don Lands, a mixed-use project that is in turn part of a much larger, decades-long redevelopment of 2,000 industrial or formerly industrial acres along Lake Ontario near Downtown Toronto.
NAI Global Report on Middle East Paints Optimistic Picture
May 06, 2008
War? What war? Violence? What violence? Those words literally don’t appear in “Stuck (Happily) in the Middle (East) with… Money!” a new report from NAI Global, which suggests that diversifying economies and rapid growth are well on their way to transforming the region from its energy-only past into a future with a more solidly based prosperity.
Hill, Egyptian Developer Forge JV
May 05, 2008
Construction management company Hill International and the Talaat Moustafa Group Holding Co. (TMG), one of Egypt’s leading residential and hotel developers, have agreed to form a joint venture “that will provide project and construction management services exclusively on TMG projects throughout Egypt and elsewhere in the world,” according to a prepared statement.
$60B Community Breaks Ground in Ajman, UAE
May 01, 2008
Following the lead taken by some of its larger neighbors, Ajman, the smallest in size of the seven federated states making up the United Arab Emirates, has broken ground on Al Zorah, a $59 billion master-planned “sustainable residential, business and leisure community,” according to a Reuters news report.
Melco Developing Ski Resorts, Homes In China
May 01, 2008
Capitalizing on China's growing ski culture, Melco China Resorts, an associate of Melco International Development Ltd., has announced the launch of China's first ski and leisure resort, the redevelopment of other ski areas and the groundbreaking of a luxury mountain home project.
Buenos Aires Office Tower Fetches $70M
April 30, 2008
IRSA Inversiones y Representaciones S.A. has acquired the Edificio Republica building in Downtown Buenos Aires, Argentina, for $70.3 million, adding 214,000 square feet to its portfolio. With this purchase, the company also expects to soon close lease agreements for approximately 172,000 square feet.
AMB Expands Presence in Port of Hamburg
April 30, 2008
AMB Property Corp. has acquired an industrial complex near the Port of Hamburg, Germany, totaling more than 930,000 square feet of existing buildings and 16 acres of land. Kuehne + Nagel, a Swiss logistics company and AMB customer in other parts of the world, has leased about 402,000 square feet of the park in connection with this purchase.
Infrastructure Demands Will Be Major Challenge: ULI Report
April 29, 2008
A report just released by the Urban Land Institute and Ernst & Young concludes that the U.S. will fall behind in the global marketplace if it doesn't invest in modernizing its infrastructure. The report, Infrastructure 2008: A Competitive Advantage, evaluates the status of existing and planned infrastructure investment not only in the U.S. but in China, Europe, India, Japan and Europe, as well.
U.S. Firm Awarded $2.5B High-Tech Turnkey Development Contract in China
April 28, 2008
Irvine, Calif.-based Trussnet USA Development Co. has won a finance, design and build contract for the facilitation of a high-tech, mixed-use turnkey development in China. The project, which will encompass 12.9 million square feet, will cost an estimated $2.5 billion to complete.
RREEF, Blackstone Ramp Up Investments in India
April 28, 2008
RREEF, a unit of Deutsche Bank AG and the world's largest alternative investment manager, has plans to invest more than $1 billion in India’s real estate and infrastructure assets over the next three years, according to a news report by Bloomberg today.
International Real Estate at your Fingertips
Real estate news is occurring all the time, so providing a resource for the latest headlines is vital to real estate developers and other commercial property professionals. Because the industry is so competitive, any advantage can help you experience a greater chance of success. Subscribe to Commercial Property News and get all the latest international real estate news so you can maximize your investment opportunities throughout the world.
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