International
Cerberus JV Acquires Bucharest Office Campus
The Landmark is the only office campus of its size in north Bucharest, with nearly 250,000 square feet of leasable space, as well as additional retail space.
Avison Young to Acquire GVA
The combined operations will have 5,000-plus employees in more than 120 offices in 25 countries. The transaction is expected to close in early 2019.
Risky Business: Report Ranks Global Investment Hazards
Scope Investors Services looked at 52 countries to assess potential risks of real estate markets and found Australia and the U.S. were the safest for investments and Argentina and Venezuela were the riskiest.
CBRE Launches Coworking, Flexible Office Space Product
Partnering with building owners, the new subsidiary is set for a mid-2019 rollout, starting with the U.S. and London.
Hyatt Regency Expands in China
Located in the center of Xuzhou, the development includes more than 8,000 square feet of event space, as well as 25 suites, four executive suites and a presidential suite.
Global CRE Allocations Rise, But Still Lag Targets
The latest annual survey by Hodes Weill & Associates and Cornell University examines how the world’s major institutional investors allocate investments to commercial real estate, we well as their sentiment toward the asset class.
European Credit Agency Evaluates WeWork Growth
The report from Scope Ratings and Scope Risk Solutions examines the ability of the high-profile coworking space provider to maintain its growth rate and the risks it poses to building owners.
Korean Fund Manager Provides $126M Loan for Toronto Hotel
Princes Gates Hotel LP, owner of Hotel X Toronto, will use the funds to refinance the newly opened, 404-key lodging destination.
Morgan Stanley to Buy Helsinki Mall for $592M
Advised by Cushman & Wakefield, Wereldhave will sell Itis, a 1.1 million-square-foot property counted as one of the largest shopping centers in the Nordics.
Executive Spotlight: Michael Phillips, Jamestown
The company’s president shares his views on how technology disrupts the real estate climate and what’s next for the investor/developer, as it expands outside of the U.S.