Regions International
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.
Henderson Eyes London Office Opportunities with $330M Fund
June 03, 2009
With industry players speculating that Central London's office market will soon hit bottom, the timing appears to be just right to snap up assets in the revered locale, and London-based Henderson Global Investors is positioning itself to do just that, while taking others from around the globe along for the ride.
ProLogis Leases 75,000 SF in United Kingdom
May 27, 2009
ProLogis has leased 75,000 square feet of recently completed distribution space near Heathrow International Airport in the United Kingdom to City Link, the UK's parcel delivery service and subsidiary of Rentokil Initial.
As Vancouver Fundamentals Remain Solid, German Firm Makes $263M Office Play
May 22, 2009
It’s certainly no secret that the global investment market has been severely hampered by the economic downturn. In markets across the world, both sales velocity and pricing are way down from the halcyon days of just a couple of years ago. All of this makes the $263 million sale of a Vancouver office tower all the more noteworthy.
Positive Signs in U.K. Hint at Stabilization of European CRE Market
May 20, 2009
With the global recession still in full swing, recovery is far off for even the best of the world's commercial real estate markets, but , according to international property advisor DTZ's new European Quarterly report, certain first quarter results in the United Kingdom indicate that the market in Europe may very well be on the road to stabilization.
Economic Update - AIG Unloads Choice Tokyo Property for $1.2B
May 12, 2009
American International Group is finally in the news for something other than being a multibillion-dollar black hole for the U.S. Treasury; namely, a property sale. The beleaguered insurer has inked a deal to sell the AIG Otemachi Building and a one-acre site in Tokyo to Nippon Life Insurance Co. AIG will receive about $1.2 billion in cash for the property--a drop in the vast AIG bucket, perhaps, but still a tidy sum.
AIG to Sell Tokyo Building for $1.2B
May 11, 2009
American International Group Inc. agreed to sell its prime real estate holding in Tokyo for approximately $1.2 billion in cash to Nippon Life Insurance Co.
Asia-Pacific Ports Lead RREEF Opportunity Survey
May 11, 2009
The Asia-Pacific region tops the list of investment opportunities for global container ports, while the leading container ports in the United States have plenty of ground to make up, a study published last week by RREEF contends.
JV to Build $340M Egypt Retail Center
May 06, 2009
Al-Futtaim Carillion and Orascom Construction Industries joint venture announced plans to develop a $340 million retail center in Cairo Festival City, Egypt.
LaSalle Looks South of Border with $300M Fund
May 06, 2009
The economic crisis has gone global, but real estate investors with funds on hand are still plunking down cash in desirable markets like Mexico, where LaSalle Investment Management will invest heavily through a new fund. Launched in 2007, LaSalle Mexico Fund just closed with $300 million in equity that, with leverage, will allow for the acquisition and development of $600 million in assets.
AIG Nears $1B Sale of Japanese HQ
May 04, 2009
American International Group Inc. is nearing the sale of its Japanese headquarters for approximately $1 billion to a Japanese insurance company, Reuters reported.
Title Insurance in Mexico: Double-Checking
May 01, 2009
As U.S. commercial real estate investors continue their global outreach, they desire the same sense of security across borders that title insurance companies provide for United States-based transactions. The field of conflicting and varying regulations and legalities on different countries’ and municipalities books prevent the enactment of simple, standard practices. From lack of surveying experience in parts of Asia-Pacific to village-green laws in the United Kingdom, title insurance firms must help their clients wade through crossborder transactions on a case-by-case basis.
LaQuinta Sees Potential for Overseas Expansion
April 30, 2009
While the hospitality sector downturn has forced many firms to put expansion plans on the back burner, LaQuinta Inns & Suites is not one of them. The company opened 11 hotels in seven U.S. states, and added more than 800 rooms in the first quarter of this year. The select service brand, which had 719 hotels and 75,000 rooms open at the close of the quarter, is aggressively targeting growth opportunities in foreign markets, particularly in Central and South America.
As Macau Gaming Market Sours, Sands Looks to Offload Signature Property
April 28, 2009
In yet another indication of just how global the hospitality market slump has become, Las Vegas Sands is reportedly looking to cash out on one of its casinos in Macau under a sale- leaseback deal. The firm is looking to put the Sands Macau up for sale with a price tag of $1.3 billion after failing to sell off the retail portions of two of its other properties there.
Green Milestone for Data Centers as Citi Scores Sector's First LEED Platinum
April 24, 2009
As the business world continues to realize the benefits of integrating green building practices, Citi’s newly completed data center in Frankfurt, Germany, has earned a LEED Platinum rating from the U.S. Green Building Council, marking the first time a data center property has received the Council's highest rating.
Colliers: U.S., Canada Office Markets Backslide in Q1
April 21, 2009
The United States office market continued its descent in the first three months of 2009, making it the worst quarter since the third quarter of 2001, according to a recently released Q1 office report from Colliers International. National office vacancies continued to grow, rising by 95 basis points, from 13.80 percent at year-end 2008 to 14.75 percent at the close of the first quarter of 2009.
International Real Estate at your Fingertips
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