International
Starwood Opens St. Regis Properties in Kazakhstan
Starwood Hotels & Resorts Worldwide Inc. is moving ahead with its plan to expand into emerging markets by opening The St. Regis Astana and The Residences at The St. Regis Astana in Kazakhstan in 2017.
INTERNATIONAL: French Polynesian Government to Head $3B Resort Development in Tahiti
The French Polynesian government is leading a nearly $3 billion resort development in Tahiti that is expected to reignite tourism and revitalize the economy of French Polynesia.
Executives Think Globally, Offer Upbeat Outlook: CPE 100 Quarterly Sentiment Survey
By Paul Rosta, Senior Editor As commercial real estate becomes increasingly global, the latest CPE 100 Quarterly Sentiment Survey confirms that a growing number of industry executives are thinking beyond American borders. One-third of respondents to the second-quarter survey said the global real estate market has become more important to their business in the past 12 months, while half of respondents said the global market’s impact on their businesses remains unchanged. The executives surveyed said that investment and investment management offer the greatest potential during the next 12 to 18 months. Nearly six in 10 cited these sectors as offering…
Prudential JV Sells Residential Portfolio in Berlin for $105M
A joint venture between Prudential Real Estate Investors and Kauri CAB Management GmbH has sold a portfolio of 25 residential ‘Altbau’ buildings located within the S-Bahn ring of Berlin for $105 million.
INTERNATIONAL: Heydar Aliyev Center in Azerbaijan Snags Design of Year Award from London Design Museum
The striking architecture of Azerbaijan’s mixed-use center lands the project the Design of the Year award from The London Design Museum.
INTERNATIONAL: Carlson Rezidor Signs 5 New Hotels in Saudi Arabia
Carlson Rezidor Hotel Group is expanding its network in Saudi Arabia with the signing of five new projects.
Chambers Street Properties Sells Shopping Center in UK for $63M
In order to focus its efforts on the industrial and office sector, Chambers Street Properties decided to sell its last retail property, Maskew Retail Park on the outskirts of Peterborough, United Kingdom, for $63 million.
INTERNATIONAL: Kempinski Hotels Buys Famed ‘Hotel Rwanda’
Kempinski Hotels has bought the iconic Hôtel Des Milles Collines in the capital city of Kigali, Rwanda that was made famous by the film “Hotel Rwanda” in the early 2000’s.
INTERNATIONAL: LJ Group, Cresco to Develop 552-Unit Student Housing Complex in Berlin
LJ Group has committed a total of $135 million of equity to Cresco Capital Group’s German student housing venture, Cresco Urban Yurt.
INTERNATIONAL: Manhattan-Based Gale Develops South Korea’s Tallest Skyscraper
After eight years of construction, Manhattan-based Gale International has finished building South Korea’s tallest skyscraper, which stands more than 1,000 feet tall and is open to the public.
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