International
REITs 2019 Outlook: Ready to Outperform
A Timbercreek report identifies five factors favoring REITs this year, including an expected increase in allocations to real estate and resilient earnings growth.
Madison International Invests in Norway’s Largest Urban Development
The firm purchased the majority of Bjørvika’s ground-level assets totaling roughly 409,000 square feet. This marks Madison International’s third acquisition in the country.
Marriott Opens 186-Key Hotel in Toronto
The company rebranded the property to Four Points By Sheraton Toronto Airport East. The hotel is situated roughly five miles from Toronto Pearson International Airport.
Hilton Opens New DoubleTree in Spain
Opened in partnership with owner Empresas Phoenix, the 133-key property near Murcia is the flag’s fifth hotel in the country.
Pickard Chilton-Designed Project Breaks Ground in Tokyo
The 3.3 million-square-foot mixed-use Y2 is scheduled to reach completion in 2022. The property is expected to include premier office space, a 98-key hotel and an elementary school.
Hana Financial Acquires Frankfurt Office Property
Hines advised the firm in its purchase of Helix, a nearly 390,000-square-foot building located in Helfmann Park. The asset is currently leased to Commerzbank.
Carlyle Group, Explorer Investments Acquire Portuguese Resort
The joint venture purchased the 194-key Penha Longa Hotel & Golf Resort in Sintra, Portugal. A CBRE team advised the buyers in the transaction.
Hines Partners With Workwell on Tenant App
The partnership will roll out the all-in-one app in cities like Houston and New York and in the United Kingdom first, before expanding to the rest of its global portfolio.
Cushman & Wakefield Brokers Shopify’s 434 KSF Toronto Lease
The e-commerce platform signed a long-term lease at downtown Toronto’s newest mixed-use development, The Well. Since 2013, the global real estate services firm has represented Shopify in several other deals.
Vantage Data Centers Expands into Canada
The Santa Clara, Calif.-based wholesale data center provider will add assets in Montreal and Quebec City when the $200 million acquisition of 4Degrees Colocation is completed.