International
Simon to Open First Premium Outlet Center in Canada
Simon Property Group Inc.’s Premium Outlets division is in growth mode, and the company has Canada in its sights. A letter of intent with Calloway Real Estate Investment Trust to develop a property in suburban Toronto paves the way for entrée into Canada.
New Avison Young HQ Embraces Sustainability
Starting the second quarter of 2012, Toronto’s Pricewaterhousecoopers Tower at Southcore Financial Centre will become home to Canada’s largest independently owned commercial real estate services firm.
AMB’s Asia Portfolio Stabilizes
For companies seeking premier industrial space for lease in Asia, AMB Property Corp. is nearly fresh out for the time being. With the recent closing of four leases totaling 420,900 square feet at AMB Sendai-Tagajo Distribution Center in Sendai, Japan, the company’s entire legacy development portfolio in Asia is now stabilized.
Skidmore, Owings Brings Green to Tech City in Vietnam
The Green Tech City was commissioned by FTP Corp., a growing national IT and telecommunications firm, for its employees and families.
ProLogis Wraps Up $157M Bond Financing
The bond was secured with the 1.2 million-square-foot Parc Zama I, located outside of downtown Tokyo. In 2010, just one year after its completion, the distribution facility reached the 100 percent occupancy level.
Hines Courts Luck in Ireland
As Ireland restructures its real estate industry and banking system, opportunities abound and Hines Interests has positioned itself to capitalize on the real estate market’s favorable conditions with the debut of its Dublin office.
Chinese Eco-City Features Bio-Diverse Tower
The 90,000-square-foot, 665-foot-tall Tian Fang Tower is projected to generate as much as 20 percent of its clean energy with the help of a combination of fuel cells, solar panels and wind turbines. Billed as one of China’s most advanced sustainable commercial buildings, it is located in the Tianjin Eco-City development.
AMB: Only Moderate Damage in Japan
In contrast to its previous estimate of $10 million in damage to its 10.6 million square feet of properties in Japan, the company now estimates damage between $4 million and $6 million.
AMB Invests $1B in China Through New JV
The global industrial real estate developer and operator has established AMB China Logistics Venture I with HIP China Logistics Investments Ltd. to invest in logistics properties in prime locations.
JLL Debuts Mexico Resort Group
The team will be led by Gilberto Riojas, who brings more than a quarter-century of experience in residential, office and resort projects throughout the country.