International
Hines, Oaktree Acquire Canada Office Tower
The partners are set to invest significant capital into the 708,000-square-foot First Tower in Calgary to bring it up to a Class A standard.
Hines Appoints New Managing Director, Head of India Platform
Amit Diwan will be responsible for managing the expansion of the business by raising and deploying international and domestic capital into both commercial and residential developments.
HIVE Blockchain Acquires Kolos, to Build 1GW Data Center
The company and its strategic partner Genesis Mining, have planned an initial delivery of 30 megawatts, with 120 to be made available within a year from now. The facility could potentially scale up to 1,000 megawatts, all renewable energy.
Slate Office REIT Snags $191M Portfolio in Canada
The Toronto-based company purchased the 1 million-square-foot group of properties, located in Greater Toronto and Atlantic Canada, from Cominar Real Estate Investment Trust.
Economy Watch: Chinese Investment in US CRE Plunges
Following the Chinese government’s announced restrictions on outbound capital flow, the country’s investments in U.S. commercial real estate dropped significantly in 2017, according to Cushman & Wakefield’s 2017 China-U.S. Inbound Investment Capital Watch report.
Curio Collection by Hilton Debuts in Maldives
Upon completion by year-end 2018, the Curio Collection Maldives will offer 198 keys, including beach and overwater villas, marking the first Crossroads mixed-use project to open in the Maldives.
Four Seasons to Bring Residences/Resort to Island in Belize
Four Seasons Resort and Residences Caye Chapel, Belize will include 35 private residences, 50 private estates, along with 100 guest rooms and suites.
Ikos International Debuts in Spain
HFF secured $135 million in financing for the firm to acquire a 400-key, all-inclusive luxury hotel. Ikos plans renovate and rebrand the hotel.
Castellum to Redevelop Landmark Stockholm Building
The Sweden-based firm is set to invest more than $35 million to transform a 124,000-square-foot property in central Stockholm for office use.
Multiplex Delivers $225M Learning Space to Australia’s Monash U
The company completed the project in March, adding 314,600 square feet of new world-class education space to the Clayton campus. Designed by John Wardle Architects, the development features a four-level building and a new regional transport interchange.