International
Major Cities Commit to Net-Zero Development
Mayors in the U.S. and around the world pledge to make all new buildings carbon-neutral by 2030.
CPPIB, Goodman Boost China Commitment to $5B
The $1.75 billion capital infusion will expand the partners’ logistics footprint in the country, with CPPIB allocating $1.4 billion and Goodman $350 million.
GLP Closes $4B in European Funds
The platform encompasses a 17 million-square-foot operational portfolio and a 16 million-square-foot development pipeline in the UK, France, Germany and the Netherlands.
Skanska Sells Major Budapest Office Project
The real estate fund that acquired the 387,500-square-foot Mill Park also purchased Promenade Gardens, another newly constructed office building in the Hungarian capital.
JLL Acquires Canadian Retail Advisory Firm
The purchase of Northwest Atlantic will allow the company to expand its current retail advisory business and provide a range of real estate and leasing services to retailers looking to operate or expand in the Canadian market.
AccorHotels to Buy Majority Stake in 21c Museum Hotels
The Paris-based hospitality investor and operator, which has made several deals to expand its brands in the U.S. and abroad in recent months, will bring its MGallery brand to North America.
Turner Kicks Off Construction of Ziraat Bank HQ in Istanbul
The general contractor expects to complete the 4.6 million-square-foot campus, located in the heart of the Istanbul International Financial Center business district, in 2021.
Near-Term Risk for CRE: Tightening Monetary Policies
Tarrant Parsons, economist with RICS, touches on the factors shaping commercial real estate globally in the most recent quarterly podcast discussion with Alexandra Pacurar.
Trade Actions’ Impact on the Industrial Market
Two Prologis reports look at the risks that the new tariffs pose for the logistics industry in the United States and China.
ROOT Expands Montreal Data Center Capacity
The company’s facilities run almost entirely on hydroelectric power. The 16,000-square-foot campus has a power usage effectiveness of less than 1.15.