International
Avison Young Adds Global Director of Research
Nick Axford joins the firm from CBRE, where he served in a similar position for more than five years. He will oversee global research operations across all asset classes.
Chinese Coworking Giant Seeks US IPO
Beijing-based UCommune is reportedly aiming to raise as much as $200 million through the offering, as China’s flexible office sector shows signs of overheating.
London’s $10.6B Redevelopment Debuts Its Own High Line Park
Known as The Tide, the 3-mile outdoor art and recreation destination is part of the largest urban regeneration project in Europe.
EDF’s Bluemex Power 1 Begins Commercial Operation
The $110 million solar farm has an annual generation capacity of 277 gigawatt-hours and is located near Empalme, Mexico.
World’s Largest Single-Site Solar Power Plant Begins Operations
Completed within less than two years, the solar project has a generating capacity of 1,177 megawatts, produced by 3.2 million solar panels.
Hyatt Place Debuts in Japan
The 10-story development marks the company’s 24th property in Asia. The property provides convenient access to Haneda Airport and Narita Airport.
Allianz, VGP Form $1.9B European Logistics JV
Through the new investment vehicle, the partners will focus on premier facilities developed by VGP in Austria, Italy, the Netherlands, Portugal, Romania and Spain.
Google’s Canada Home to Add $120M Expansion
The search giant is reportedly more than doubling its office footprint in the adaptive reuse project in Kitchener, Ontario. Allied Properties REIT and Perimeter Development Corp. will build the 11-story project.
JLL Closes on $1.8B Acquisition of HFF
The cash-and-stock deal between the two firms was first announced back in March. HFF’s shareholders approved the deal on Monday.
Energy Industry Yields Mixed Bag for Office Sector
How the changing fortunes of the energy industry are shaping office markets in metros like Dallas, Denver and Pittsburgh.