International
Nike Plans 600 KSF Move to Tishman’s New Shanghai Campus
Following increased demand for its products in China, Nike has just announced plans to build a 600,000-square-foot corporate campus in Shanghai that will be located in Tishman Speyer’s $2.5 billion The Springs development.
Clarion, Equity Partner Invest $100M in 1.4 MSF Sao Paulo Industrial Project
Looking to capitalize on what will certainly be a growing economy in the next few years, Clarion Partners has acquired 78 acres of land in a northwest suburb of Sao Paulo. The company intends to develop and lease a Class A industrial facility that will eventually include 1.4 million square feet of space.
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.