International
US-EU Joint Venture Buys Mall in Madrid
Redevco Iberian Ventures took a majority stake in the Parque Corredor shopping center for $173 million. The retail center is the main shopping destination in Corredor del Henares, metro Madrid’s east corridor.
Toronto Airport Hotel Opens Doors
The 255-key property, following nearly $15 million in renovation work, is the first Embassy Suites in the Toronto metro area.
RICS Global Survey: Europe Leads the Way
In the first CPE-RICS podcast for 2018, RICS chief economist Simon Rubinsohn examines the underlying factors that make up the upbeat sentiment dominating most global real estate markets.
T5 Enters European Market to Construct 46MW Campus
The company partnered with an Irish developer to build a data center campus comprising three facilities, five miles outside Cork City.
CIM and 1547 Acquire $22M Facility in Ontario
The partnership will market the Markham, Ont. facility, looking for potential tenants for the upcoming 60,000-square-foot expansion. The two companies will focus on both enterprise and wholesale clients.
C&W Tapped for Rolls-Royce Global Expansion
The partnership began in the U.S. in 2012, expanded into Europe in 2013 and now has further extended into Asia-Pacific and South America.
Rethinking Classification of World’s Cities for CRE Investments
A new report from JLL and The Business of Cities expands previous categories into 10 groups, all with common paths, challenges and imperatives.
Economy Watch: IMF Ups Economic Growth Predictions
The IMF cited factors such as stronger-than-expected activity in 2017 and the macroeconomic impact of tax reform as reasons for its revised growth forecast.
In 2017, Marriott Became More International than Ever
The world’s largest hotel company signed contracts for a record 55,000 guestrooms in markets outside North America, mostly targeting Europe and Asia.
Economy Watch: Top Data Center Markets
Nine of the top 20 markets generating more than 59 percent of worldwide retail and wholesale colocation revenues are in the U.S., according to a new Synergy Research Group report.