International
Fairfield by Marriott Coming to Japan
A subsidiary of Pacifica Capital K.K. has partnered with Marriott International to open a 300-key hotel in Osaka. The 14-story property is scheduled for completion in 2020.
NorthWest to Buy $900M Hospital Portfolio in Australia
In a sale-leaseback transaction with Healthscope Ltd., the Toronto-based REIT will acquire 11 properties located in Melbourne, Sydney and Brisbane.
Brookfield Asset Management Closes $15B Global Real Estate Fund
This is the Toronto-based company’s largest private vehicle to date, exceeding its original fundraising target of $10 billion.
Digital Realty Expands Singapore Footprint With 50 MW Facility
The company will construct an additional, multi-story data center, comprising 365,973 square feet of leaseable space, at its Loyang campus. The facility will benefit from its proximity to the Changi North cable landing station.
Ivanhoé Cambridge, Oxford Properties Invest in IDI Logistics
The two Canadian pension funds formed a joint venture to share ownership of the Atlanta-based firm, a leading developer and manager of logistics real estate in the U.S.
Prologis Reports on Logistics’ Global Growth
A key takeaway: Rents posted considerable gains in 2018, increasing 8 percent in the U.S. and 6 percent worldwide.
First Dark Spots on the Global CRE Map
RICS Economist Tarrant Parsons comments on investor sentiment around the world and notes which markets are showing the first negative readings in the past two years in a new podcast hosted by Senior Writer Alexandra Pacurar.
Airbnb Expands Meeting-Space Footprint
The company is expanding its presence in the meeting-space arena, most recently with the acquisition of Aarhus, Denmark-based startup Gaest.com.
Equinix to Build its First IBX in Seoul, South Korea
SL1 will be connected to the company’s Platform Equinix, an interconnection platform which allows customers to access more than 1,800 networks and 2,900 cloud, IT and system integration services globally.
Starwood Capital Buys Spain Office Assets for $143M
The private investment firm acquired the Omega office park in Madrid and the Pallars office park in Barcelona, totaling roughly 500,000 square feet.