International
Economy Watch: U.S. Still Tops with Foreign Investors; Markets Stay Calm
The United States remains the No. 1 choice for crossborder investors in commercial real estate, but its popularity has slipped somewhat. And markets worldwide took it easy yesterday.
Prologis Contributes $293M to Mexican Industrial Portfolio
Prologis continues to make big moves in Mexico with the contribution of a $293 million portfolio of industrial properties to Prologis Mexico Fondo Logistico, its Mexican co-investment venture.
Burger Named Co-CEO of Silverstein
In an effort to continue the firm’s ongoing expansion outside its New York City base, Silverstein Properties Inc. has announced the appointment of Martin Burger as co-CEO. Burger, who joined Silverstein in February 2010, will now work directly alongside president & CEO Larry Silverstein.
Cushman: Global Office Markets Mixed Heading into 2012, 2013
While some road bumps will continue through the foreseeable future, global real estate markets will undergo a slow recovery through next year and into 2013, according to a report by Cushman & Wakefield Inc.
GE Capital Launches $535M Investment in European Office Properties
Despite the European markets being as unsteady as — if not more unsteady than — domestic markets, GE Capital Real Estate is making a big bet on quality office assets in England, France and Germany with $535 million (400 million euro) secured from third-party sources.
Prudential Provides $160M in Financing for Prologis' Mexican Industrial Portfolio
Prudential has provided co-investment venture managed by Prologis with $160 million in funds for the refinancing of an industrial portfolio in Mexico City and Guadalajara.
Breaking News: Kennedy Wilson, Partners Acquire $1.8B U.K. Loan Portfolio
In what Ernst & Young research has found to be the largest European real estate transaction in the current cycle, Kennedy Wilson and its institutional partners have just completed the second phase of a $1.8 billion portfolio acquisition.
Week in Review: Industry Moves and Hires
This week has seen four major hires: David Morrison as global head of strategy at CBRE-GI; Javier Rosenberg as Radisson COO and Carlson EVP; John Gavin as principal with Sterling Bay; and Mark Wanic as Cushman’s head of occupier services in the Americas.
Economy Watch: Central-Bank Action Cheers Investors
The major-league central banks of the world cut the price of borrowing dollars to forestall a liquidity crisis. The Beige Book found a few spots of growth in an otherwise tepid economy. And ADP said the U.S. economy added 206,000 jobs in November.
Prologis Inks 540 KSF Industrial Deal in the Netherlands
Prologis has made a major acquisition overseas, signing a lease agreement with logistics provider Syncreon for approximately 540,000 square feet of industrial space at Prologis Park Tilburg in the Netherlands.