International
Hartman Short-Term Income Properties XX Purchases Houston Industrial Property; Bascom Acquires Sierra at Fall Creek
Hartman Short Term Income Properties XX, Inc., a Houston-based REIT, recently announced that Harman Mitchelldale Business Park LLC, an affiliate, purchased the Mitchelldale Business Park from Falcon Southwest for an undisclosed sum.
Crescent Breaks Ground on $225M Office Tower
Crescent Real Estate Holdings LLC broke ground on their famous McKinney & Olive Tower, the first step in creating the first commercial building in Dallas to be designed by an internationally acclaimed architect since the 1980s.
International: FRHI to Develop 7 New Hotels in MEAI Region
The MEAI (Middle East, Africa and India) region is set to see the development of seven new hotels operated by FRHI Hotels & Resorts.
For Studley, $260M Merger with Savills Promises Blooming Global Platform
“We will be uniquely positioned to develop new business from around the globe, while continuing to deliver exceptional service to clients,” Mitchell Steir, Studley’s chairman & CEO, told CPE.
Pangea Achieves 90% Occupancy in Record Time for Two Turn Around Properties
Pangea Properties, a private real estate investment trust based in Chicago, has announced that, after having made significant property improvements, it has achieved 90 percent occupancy for two of its recently acquired Indianapolis communities. The company purchased both 109-unit Pangea Courts and 120-unit Pangea Riverside in 2012.
Peter Hobbs: U.S. Strength in the IPD Global Index
Peter Hobbs, senior director of Group Business Development at IPD, discusses research from the IPD 2010 Global Index. The report looked at 23 markets and found a 9.5 percent return on a local-currency basis for 2010, compared with –8.2 percent in 2009. The United States and the United Kingdom made the strongest returns, largely a result of those markets falling the most during the recession. The report also found that multifamily was the top performing asset class in the United States for 2010.
W Hotels Makes Russia Debut
Owned by Real Estate Development Ltd., the W St. Petersburg hotel offers 137 guest rooms, bar and rooftop lounge. It was designed by Antonio Citterio and Patricia Viel Partners.
AMB’s Asia Portfolio Stabilizes
For companies seeking premier industrial space for lease in Asia, AMB Property Corp. is nearly fresh out for the time being. With the recent closing of four leases totaling 420,900 square feet at AMB Sendai-Tagajo Distribution Center in Sendai, Japan, the company’s entire legacy development portfolio in Asia is now stabilized.
Skidmore, Owings Brings Green to Tech City in Vietnam
The Green Tech City was commissioned by FTP Corp., a growing national IT and telecommunications firm, for its employees and families.
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.