International
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.
INTERNATIONAL: Safra Shells Out $1B for The Gherkin in London
The Safra Group, an international network of companies led by Brazilian billionaire Joseph Safra has bought 30 St. Mary Axe in London, also known as The Gherkin due to its unusual shape.
INTERNATIONAL: Omniyat Breaks Ground on $680M Luxury Residential Tower in Dubai
Omniyat Group has broken ground on a 25-story residential megaproject in Dubai.
INTERNATIONAL: W. P. Carey Buys 31 Australian Industrial Properties for $138M
W.P. Carey has completed yet another international acquisition, closing a 20-year sale-leaseback deal with Inghams Enterprises Pty. Ltd., for a portfolio of 31 properties in the Australian market.
Killam Buys 152-Unit Rental Property in Ottawa
Killam Properties has acquired the 152-unit Kanata Lakes Apartments II, a newly-constructed luxury rental building in Kanata, Ontario, in the outskirts of Ottawa.
INTERNATIONAL: Hard Rock Hotel Dubai Marina to Open in 2015
Hard Rock International, Abu Dhabi Financial Group and Sheffield are building a Hard Rock Hotel on the first 33 floors of Dubai’s Marina 101 tower.
INTERNATIONAL: Trump to Build Trump International Hotel & Tower in Baku, Azerbaijan
Trump Hotel Collection is set to develop Trump International Hotel & Tower in Azerbaijan. The 33-story luxury resort will be located on Hasan Aliyev St. in the Nasimi District of Baku.
INTERNATIONAL: Brookfield Begins Construction on $88M Senior-Living Community in Sydney
Leading global contractor Brookfield Multiplex has broken ground on an $88 million senior living community in Sydney’s Vaucluse suburb.
INTERNATIONAL: LaSalle Buys King Square Studios Student Housing in Bristol
LaSalle Investment Management has bought King Square Studios, a student accommodation asset in the established university town of Bristol for $54 million.