International
Mori Begins Construction on Indonesian Office Tower
The Kohn Pedersen Fox-designed Jakarta Office Tower marks Mori Building’s first development in Southeast Asia. The project is set for completion in 2021.
Blackstone Buys Majority Stake in Massive Portfolio
The $35.2 billion worth of real estate properties and loans will be transferred to a new company that will be co-owned by the New York City-based firm and Banco Popular.
London Mixed-Use Building Commands $237M
Tishman Speyer sold 100 New Oxford St., an office and retail building totaling more than 106,000 square feet, to a joint venture between Thor Equities and AEW.
Hyatt Centric Expands in Latin America
The company is set to open two hotels in Peru and Chile in 2018, which will mark the introduction of the Hyatt Centric brand in these countries.
Massive 4.5GW TuNur Solar Project Could Power the EU
If the solar project receives the required authorization, it would generate sufficient electricity to power more than five million European homes or fuel more than seven million electric vehicles.
Skanska Invests $56M in Poland
Construction on the first phase of the Nowy Rynek office and retail development started in July 2017 and is slotted for completion in the second quarter of 2019.
Wyndham to Separate Hotel, Timeshare Businesses
Geoff Ballotti, the current CEO, will lead the hotel company, and Michael Brown, current CEO of the group’s Vacation Ownership division, will lead the timeshare operation.
Perennial Ponders $1.2B Sale of Singapore Skyscraper
A group of investors led by Perennial Real Estate Holdings is contemplating the sale of the AXA Tower, the city’s sixth-tallest building located in the central business district.
Hotel Okura Expands Into Myanmar
The 390-key luxury hotel will be constructed on the site of the former Defense Services Museum, within a commercial complex set to include both office and retail.
Hines, Ivanhoé Sign 85 KSF at CIBC Square
The Boston Consulting Group inked 85,000 square feet of office space for its headquarters. The Toronto development comprises two office buildings on a 2.9 million-square-foot campus.