International
Economy Watch: Tourism Growth to Boost Luxury Retail Worldwide
London topped the global ranking of new luxury retail store openings in 2016, with New York also taking a high spot, according to Savills latest luxury retail report.
StepStone Closes Fund III, Plans $1B+ in Investments
The company will target office, industrial, senior housing, student housing, hotels and multifamily projects in the U.S. and Europe.
Mapletree Acquires Oakwood Worldwide, Appoints New CEO
The buyer is currently developing three serviced apartment properties in Japan and Vietnam, as well as one other asset in the U.S.
Blackstone Nabs $1.7B US Portfolio from Swedish Pension Fund
JLL has arranged the transaction, which is part of the $2.1 billion disposition of Stockholm-based Alecta’s 4.5 million-square-foot international commercial portfolio.
WTC Opens on the Rock
The 254,000-square-foot property in Gibraltar is the latest addition to a global network of 91 countries.
JLL Markets Sydney Five-Star Trophy Hotel
The 140-key property is expected to sell for more than $150 million.
ENGIE and Watts of Love Light the Darkness in Guatemala
Today, more than 1.1 billion people live in darkness when the sun sets.
Helsinki Olympic Stadium Lands $165M Renovations
The renovated stadium will host both sports and international cultural events when completed in 2019.
Hyatt to Double Centric-Brand Portfolio
The expansion plan will include both new-build and existing properties across the globe.
W Hotels Debuts in Czech Republic
The historic structure of the former Grand Europa hotel will be combined with a modern new building to create the upcoming 154-key hotel in Prague.