International
InterContinental Opens 272-Key Location in Osaka Mega Development
Japan’s second-largest city, Osaka, has been seeing some major investments lately in its bid to become one of the gateway cities of Asia.
Tridel, Hines Launch Green 363-Suite Condo Project in Toronto
Tridel and Hines are set to launch their new condominium development called Aqualina at Bayside Toronto. The project represents the first residential phase of a 13-acre mixed-use development called Bayside Toronto.
Pru Lends $73M for Hines’ Purchase of London Office
Prudential Mortgage Capital Co. has provided $73 million in financing for Hines Global REIT’s recent purchase of One Westferry Circus, an office building in London’s Canary Wharf district.
Brazilian Residential Market to Get Major Boost as JV to Build 2,400 Affordable Homes
A joint venture created by Paladin Realty Latin America Investors IV and Constructora Altana recently announced a major investment in Brazil’s housing market.
UEA to Break Ground on Britain’s Most Sustainable Commercial Facility
The University of East Anglia in Norwich is about to break ground on the Norwich Research Park Enterprise Centre, an academic and office facility that promises to become the greenest commercial building in the United Kingdom.
Carlson Rezidor Signs Three New Hotels in China
Carlson Rezidor Hotel Group continues its expansion in Asia by signing three new hotels in China. Currently the group has 33 hotels in operation and under management in the East Asian country.
Emaar Launches Sale of Dubai Luxury Residences
Global property developer Emaar Properties PJSC has begun the sale of its newest residential project, Burj Vista II.
Kimco, American Industries Sell Mexican Industrial Portfolio for $600M
The REIT and joint venture partner American Industries have entered into an agreement to sell their interests in an 11 million-square-foot portfolio of industrial properties in the country to Terrafina, a Mexican REIT advised by Prudential Real Estate Investors, for $600 million.
Tanjong Pagar Centre to Become Singapore’s Tallest Building in 2016
GuocoLand has unveiled plans to build the tallest structure in Singapore. At 951 feet, the proposed Tanjong Pagar Centre will also rise as the company’s first integrated mixed-use development in the city and region.
MIPIM Special Series—Part Two: Focus on the US
Associate editor Eliza Theiss presents a focus on foreign investment in U.S. real estate, the second in a three-part series of reports on worldwide real estate based on presentations at the MIPIM world property market in March.