International
Power Supply Problem Shuts Dubai Tower
A month after the At the Top observation deck opened at the world’s tallest man-made tower, a malfunction at the deck has shut the tower to the public.
Economy Watch: CBRE Profits From Asian Rebound
Los Angeles-based CB Richard Ellis Group Inc. has reported net income of $64.3 million, or 21 cents a share, for 4Q09. That compares quite favorably with the same quarter in 2008, when the multinational brokerage lost $1.1 billion, or $4.70 a share.
Compelling Opportunities in International Real Estate
Investors in U.S. REITs and other U.S. property companies should consider investing in publicly traded REITs and property companies abroad. Within developed markets globally, the aggregate equity market capitalization of this sector totals $600-plus billion, two thirds of which are outside of the United States. My team and I continue to identify very compelling investment opportunities in international markets and encourage investors to consider “going global” as part of their real estate allocations.
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