International
INTERNATIONAL: Brookfield Multiplex to Redevelop Australia’s Largest Hotel
M&L Hospitality tapped Brookfield Multiplex to expand and renovate the Four Points by Sheraton Sydney, Australia’s largest lodging facility.
INTERNATIONAL: Madison International Acquires 50% Stake in London Office Complex
Madison International Realty has grabbed a 50 percent ownership stake in The Houndsditch Estate, in London, from TIAA Henderson Real Estate.
INTERNATIONAL: Lockheed Martin, Concord Blue to Build 5-MW Bioenergy Facility in Germany
American aerospace and defense giant Lockheed Martin has partnered with global waste management company Concord Blue to build a five-megawatt power generation facility in the town of Herten, Germany.
INTERNATIONAL: New Zealand’s First DoubleTree by Hilton Opens in Queenstown
Hilton Worldwide’s 98-guestroom DoubleTree by Hilton brand has opened its first property in New Zealand.
INTERNATIONAL: Dubai Creek Harbour Selling Units in Second, Third Tower
Dubai Creek Harbour at The Lagoons has started selling more than 240 units in the second and third luxury residential towers in Dubai, Aby Dhabi and Doha, following the successful row of sales at the first tower.
Avison Young Debuts in Germany with New Office in Frankfurt
Just eight months after expanding beyond North American borders for the first time with the opening of offices in London and Thames Valley in the U.K., Toronto-headquartered commercial real estate services firm Avison Young has moved into Continental Europe and established a presence in Germany with a new office in Frankfurt.
KSK, Kempinski to Manage M-U Development in Kuala Lumpur
Kempinski Hotels and KSK Land have signed a management agreement for the upscale 8 Conlay mixed-use development in Kuala Lumpur, Malaysia.
INTERNATIONAL: Skanska Sells Green Office Property in Bucharest
Green Court Bucharest A will soon change hands. The first building of the approximately 560,000 square-foot office park is currently under Skanska Property Romania’s ownership and will be transferred to Globalworth Real Estate Investments Ltd.
Economy Watch: World Bank Reports on Climate Change; Chicago Fed Releases October Numbers
The World Bank warns of severe economic disruption; the Chicago Fed’s index edges downward.
INTERNATIONAL: JW Marriott Launches 115-Key Luxury Resort in India
JW Marriott Hotels & Resorts has opened JW Marriott Mussoorie Walnut Grove Resort & Spa, the hotel giant’s sole resort in the country.