International
CBRE Buys its Affiliate in Vietnam
CBRE Group has bought its affiliate company in Vietnam, which operates under the name CB Richard Ellis. The company has been its affiliate for 10 years and has a leading market share across most service lines in that country.
Plans Move Forward for Western Europe’s Tallest Residential Tower
British government granted planning consent for the redevelopment of a project in Vauxhall, central London, which will include Western Europe’s tallest residential tower.
Starwood Opens its Largest Hotel Worldwide: 4K-Room Sheraton Macao
Starwood Hotels & Resorts Worldwide started the first phase of building the largest hotel it owns, in Macau, the sole place in China where gambling is legal.
Four Seasons to Open Flagship Hotel in Toronto
Four Seasons is opening a two-tower hotel in the heart of Toronto’s most fashionable neighborhood.
TIAA-CREF Buys Massive Retail Property in England for $451M
TIAA-CREF has purchased a colossal shopping center in Basingstoke, from Grosvenor, a privately owned property group.
Hilton Worldwide to Operate New Hilton Garden Inn in Argentina
Hilton Worldwide signed a management agreement to operate a Hilton Garden Inn hotel in San Miguel de Tucuman.
Regional Trends Vary Widely, Says New Global Shopping Center Report
A new global shopping report from Cushman & Wakefield and the International Council of Shopping Centers shows that Asia and Latin America are driving the global shopping center revival.
Taubman TBCL’s JV to Manage 1.5 MSF Shopping Center in China
Two companies are teaming up to own a majority stake and manage an upcoming retail development in Xi’an.
Tianjin Eco-City a Blueprint for China’s Future Urbanization Efforts
Residents and companies have started moving in to Tianjin Eco-city, a joint Chinese-Singaporean project located close to Beijing. At full build-out in 2020, the project is expected to house 350,000 residents.
Hyatt Hotel Corp. Opens First Grand Hyatt in Malaysia
Hyatt Hotel Corp. will be opening Malaysia’s first Grand Hyatt, with first-class luxuries and amenities including impressive views of the city, dining on almost every floor, and state-of-the art technology banquet halls and meeting rooms.