Regions
Hines Courts Luck in Ireland
As Ireland restructures its real estate industry and banking system, opportunities abound and Hines Interests has positioned itself to capitalize on the real estate market’s favorable conditions with the debut of its Dublin office.
$65M Refinance for Miracle Mile Office Building
The 452,800-square-foot property at 5900 Wilshire Blvd. is widely known as the Variety Building for its lead tenant, entertainment publication Variety.
Chinese Eco-City Features Bio-Diverse Tower
The 90,000-square-foot, 665-foot-tall Tian Fang Tower is projected to generate as much as 20 percent of its clean energy with the help of a combination of fuel cells, solar panels and wind turbines. Billed as one of China’s most advanced sustainable commercial buildings, it is located in the Tianjin Eco-City development.
AMB: Only Moderate Damage in Japan
In contrast to its previous estimate of $10 million in damage to its 10.6 million square feet of properties in Japan, the company now estimates damage between $4 million and $6 million.
ICG, JBG Strike $101.5M D.C. Deal
ICG Properties first sold the 280,000-square-foot Georgetown Center to JBG Cos. The two companies then struck a partnership deal on ownership of 1601 K St.
AMB Invests $1B in China Through New JV
The global industrial real estate developer and operator has established AMB China Logistics Venture I with HIP China Logistics Investments Ltd. to invest in logistics properties in prime locations.
JLL Debuts Mexico Resort Group
The team will be led by Gilberto Riojas, who brings more than a quarter-century of experience in residential, office and resort projects throughout the country.
Preparation Led to Minimal U.S. CRE Quake Damage
Business sector financial data and analysis provider SNL Financial–which covers 41 real estate companies that have exposure in five coastal prefectures–found that the damage to properties owned by the entities it analyzes has been nominal to this point.
IPD: U.S. Real Estate Among Top Performers
The U.S. commercial real estate industry is not only recovering, it is performing better than real estate in many other nations, according to findings presented at IPD’s conference.
U.S. Firms Take Stock of Portfolios in Japan
AMB Property Corp., CB Richard Ellis Inc., Simon Property Group and Starwood Hotels & Resorts Inc. all have properties in the stricken nation.