International
Oracle Signs 200,000-SF Lease at Under-Construction Office Park in Romanian Capital
Technology giant Oracle Corp. recently committed to a 215,000-square foot, 10-year lease in a currently under-construction office complex in Bucharest, Romania.
Kennedy Wilson Targets $2.5B in European Real Estate Loans
Beverly Hills-based Kennedy Wilson is making a new bet on Europe. It’s partnering with a European global financial institution to target the acquisition of €2 billion ($2.5 billion) of performing, sub-performing and non-performing loans secured by commercial and residential real estate in Europe, with a focus on the United Kingdom and Ireland, the company announced Monday.
Broccolini Plans to Build Tallest Residential High Rise in Downtown Montreal
In addition to the 350-unit mixed-use L’Avenue, there are 10 other new large-scale residential projects being planned for Montreal, according to city officials.
Solis Announces New Five-Star Guangzhou Hotel
Solis Hotels & Resorts announced plans to build a 260-unit luxury hotel in Guangzhou, China. The Solis Guangzhou will be the company’s third property under construction in China this year.
Starwood Hotels Celebrates Passing 100-Hotel Mark in China with Plans for Another 100
Starwood Hotels & Resorts Worldwide, one of the leading international hotel and leisure companies, celebrated an important milestone, the passing of the 10o-hotel mark in its second-largest market outside the United States.
Palace Hotel Tokyo Aims to Bring New Brand of Luxury to Japanese Capital
The city of Tokyo gained a new addition to its hospitality market with the opening of the Palace Hotel Tokyo.
Economy Watch: Euro Summit Gladdens Investors for Now; Foreclosures More Extreme at State Level
Word from the negotiating nabobs in Europe on Friday seemed to be positive, though as usual the details of the agreement remained a little elusive. CoreLogic reported a slight uptick in foreclosures at the federal level, but more significant changes–both positive and negative–among a number of states.
Hong Kong Developer Invests in Greenwich Peninsula Mixed-Use Project
Quintain Estates and Development plc has announced that Dr. Henry Cheng Kar-Shun’s investment vehicle, Knight Dragon, has taken on a 60 percent stake in the Greenwich Peninsula mixed-use development project in London.
U.S. Remains Most Transparent Market as Openness Advances Globally: Jones Lang LaSalle
Nearly 90 percent of the world’s markets have improved transparency since the last survey in 2010. This year Jones Lang LaSalle is also introducing a new index for transparency in sustainability.
Prudential Mortgage Capital Closes its First CRE Loan in U.K.
Prudential is targeting at least $500 million of long-term, fixed-rate senior debt transactions in Europe, initially focusing on office, logistics, multi-family and retail properties in and around large population centers such as London, Paris and major German cities.