Regions
Dutch CRE Market Grows Increasingly Vibrant
Investment activity for the first three quarters of this year is up 5.6 percent over last year. The country is benefiting from the migration of companies from the U.K. ahead of Brexit, according to law firm Greenberg Traurig, which assisted with two major deals in the Netherlands earlier this year.
NH Hotel Group Lands $3B Merger Bid
The Madrid-based hospitality company is in receipt of an offer from Barceló Hotel Group, which proposes to acquire its rival, along with a portfolio of 400 properties across Europe, the Americas and Africa.
NorthStar Realty Europe Sells $95M London Office Complex
Situated in Greater London, Dukes Court comprises 224,000 square feet of office on a three-acre site. Major tenants include HMRC, Kuwait Petroleum and Fidessa Group.
Foster + Partners to Design Marseille Airport Extension
The project will allow the airport to serve up to 12 million passengers per year, future-proofing the development until 2046.
Airbnb Faces Adoption Slowdown
A recently published report by Morgan Stanley shows that Airbnb’s initial utilization rate prediction for 2017 will only be reached by the end of next year. In the light of the platform’s struggles to maintain the momentum gained in 2015 and 2016, online travel agencies gain significant ground.
JV to Create Upscale Hotel Brand in Japan
An exclusive joint venture of Hotel Okura Co. and Trinity Investments LLC has revealed its plan to bring a new luxury brand to Japan’s hospitality market.
MD MOB Breaks Ground
Construction of the 595,744-square-foot health care facility is underway. Located at the Capital Center in Largo, Md., the project is expected to be completed by 2020.
NJ Retail Center Welcomes New Tenant
Goldfish Swim School will occupy 8,100 square feet at the Eastman Cos.-owned The Shoppes at the Livingston Circle in Livingston, N.J., which added multiple new tenants over the past few months.
C&W Tapped to Lease NJ Office Portfolio
Onyx Equities and Garrison Investments appointed the firm as leasing manager for a recently purchased four-building office portfolio located in Bergen County, N.J.
Griffin Sells DreamWorks Animation HQ for $290M
Newmark Knight Frank represented the seller but also arranged the financing for the buyer, LA Hana OW LLC, an entity of Hana Asset Management and Ocean West. The property is 100 percent triple-net leased through 2035 to the studio.