International
Kennedy Wilson: $1.8B U.K. Deal ‘Is Our Largest’
Kennedy Wilson makes its biggest splash ever in the loan-acquisitions game with an agreement to acquire a performing portfolio from Bank of Ireland for a whopping $1.8 billion, with an eye toward continuing to acquire in the United Kingdom.
Muted Growth in Office Property Gives a Tepid Outlook
A new report by Jones Lang LaSalle points to a marginal improvement in third-quarter 2011 commercial real estate markets both domestically and abroad — but warns that continued economic uncertainty could signal a slowdown.
EXPO REAL Report: Euro Zone Crisis Prompts Mixed Sentiment
Europe’s growing sovereign debt crisis topped the list of concerns at this year’s EXPO REAL, which drew 37,000 attendees to Munich this month.
Economy Watch: Spike in Retail Sales Contradicts Consumer Gloom
Spending rose 1.1 percent month-over-month, the largest gain since early this year, but the Reuters/University of Michigan consumer sentiment survey underscored doubts about the economy.
Global Direct Investment Up 43% This Year: Jones Lang LaSalle
Transactions in Europe, the Americas and the Asia Pacific region totaled $297 billion through the third quarter.
SPECIAL REPORT: As Green as It Gets
The Affordable Housing Summit was one of the highlights of the GreenBuild 2011 conference in Toronto, and while attendees contributed their own ideas about the future of sustainability, the session highlighted the Living Building Challenge.
CBRE Acquires ING’s Real Estate Investment Management Operations in Asia
CBRE has taken a big step toward the completion of its $940 million acquisition of substantially all of ING Group N.V.’s securities and management businesses, closing on the purchase of ING Group’s operations in Asia,
DLA Piper Survey: 70 Percent Stay Bearish for the Upcoming Year
The results of DLA Piper’s fifth State of the Market Survey showed that 70 percent of the top executives within the real estate industry — CEOs, CFOs, COOs and other senior positions — are bearish overall on the economy.
Global Report: Housing Markets Grim in U.S., U.K.
Bad news seems to beget more bad news. According to a new report by the Royal Institution of Chartered Surveyors, housing demand in the United States and in the United Kingdom is falling short of both expectations and hopes.
ProLogis Pockets $65.6M on Sale of Korea Assets
ProLogis Inc. has sold eight wholly-owned assets and its interest in the ProLogis Korea Fund in a deal that netted the industrial real estate company $65.6 million in proceeds.