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Toronto's Suburban B-Class Office Space Hot Ticket

Posted by Alex Finkelstein 08/31/10 12:23 PM

B-class office space outside Toronto's downtown core used to get little respect from buyers and investors. Not anymore, however. Toronto suburban B-class space today is poised for growth as escalating traffic congestion and longer commute times restrict easy access to the city center, Read More
Prime Hong Kong Land Sells for Premium Prices

Posted by Alex Finkelstein 08/25/10 1:09 PM

Despite the government's attempt to hold down commercial real estate prices, two prime Hong Kong development lots have sold at above-market amounts at a hotly-contested and closely-watched government land auction. Read More
Aldar's Al Raha Gardens Opening Retail and Food Outlets in Abu Dhabi Village Center

Posted by Alma Kadragic 08/24/10 9:52 AM

(ABU DHABI, UAE) -- Aldar Properties PJSC, the Abu Dhabi property development, management and investment company, announced details of a shopping and community center, as well as a range of retail kiosks that will serve residents of Al Raha Gardens and surrounding communities. Read More
Iconic Dubai Project Flounders

Posted by Kevin Brass 08/23/10 10:26 AM

Once the symbol of Dubai's real estate decadence, mixed-use Palm Jumeirah development now exemplifies the collapse of the emirates' luxury market. Prices on the array of man-made islands have fallen by 70 percent in two years, PropertyWire reports. Read More
GLOBAL COMMERCIAL REAL ESTATE ROUNDUP

Posted by Alex Finkelstein 08/20/10 8:15 AM

Denver, CO-based ProLogis hit the bull's-eye this week with the signing of an 189,000-square-foot tenant at its ProLogis Park Apodaca Building One in Monterrey, Mexico. In a prepared statement, ProLogis would only identify the tenant as a global manufacturer. Read More
Global Commercial Real Estate Roundup

Posted by Alex Finkelstein 08/13/10 8:15 AM

No Hip Hip Hoorays at British Land Co. these days. The United Kingdom/s second-largest real estate investment trust reports the value of its shopping centers and offices grew at a slower pace in the past three months as the economic outlook worsened. Read More
Calgary Ranked as Top Investment City in Canada

Posted by Alex Finkelstein 08/11/10 8:00 AM

Calgary, a Western Canadian city with a population of 988,000, is considered the best site in Canada for real estate investors. The location was chosen by member of The Real Estate Investment Network which, coincidentally, Read More
Bill Could Boost Foreign Investment in U.S. Real Estate

Posted by Kevin Brass 08/09/10 1:06 PM

A bill that would make U.S. real estate trusts more attractive to foreign investors easily passed the House of Representatives today. Read More
Top Chinese Developer-Investor Sees No Bubble Surfacing in Either Beijing or Hong Kong

Posted by Alex Finkelstein 08/09/10 8:15 AM

Few individuals are closer to the real estate scenes in China or Hong Kong than Wilfred Wong. He is a deputy of the National Congress of the People's Republic and also executive chairman of China, Pacific Star Group, ... Read More
GLOBAL COMMERCIAL REAL ESTATE ROUNDUP

Posted by Alex Finkelstein 08/06/10 8:33 AM

EPN GP LLC of Northbrook, IL has invested $116 million in Australia-based Macquarie DDR Trust. The trust has been renamed EDT Retail Trust. EPN holds about 48 percent ownership interest in the trust. Read More
Dubai to Host First Cityscape Awards for Architecture in Emerging Markets

Posted by Alma Kadragic 08/03/10 10:03 AM

(DUBAI, UAE) -- Projects with outstanding creative design, performance, sustainability, and vision from emerging markets in the Middle East, Africa, Latin America, and Asia are competing for top honors at the first Cityscape Awards for Architecture in Emerging Markets. Read More
UAE Decision to Cancel BlackBerry Services, Causes Uncertainty and Economic Fallout

Posted by Alma Kadragic 08/03/10 9:33 AM

(ABU DHABI, UAE) -- Many BlackBerry users in the UAE have a hard time believing that the service will be truncated on October 11, reducing the device to a simple mobile with no email, internet, or messaging capacity. With 500,000... Read More
ATIC Signs Up for Space in Aldar's HQ Building

Posted by Alma Kadragic 08/03/10 9:05 AM

(ABU DHABI, UAE) -- The Advanced Technology Investment Company (ATIC), created by the government of Abu Dhabi to focus on investments in advanced technology announced today that it is moving its head office to the circular HQ Building created by Aldar. Read More
Aldar Reports Loss for H1 but Expects Upturn in H2

Posted by Alma Kadragic 07/30/10 10:35 AM

(ABU DHABI, UAE) -- Aldar Properties PJSC, Abu Dhabi's leading property development investment and management company, yesterday announced a net loss of $215 million for the first half of this year. This compares to a net profit of $313.3 million for H1 in 2009. Read More
GLOBAL COMMERCIAL REAL ESTATE ROUNDUP

Posted by Alex Finkelstein 07/30/10 8:30 AM

Oak Brook, IL-based Inland Real Estate Corp. (NYSE:IRC) has acquired The Point on Clark Street, a 14-year-old, 100-percent leased shopping center in Chicago's affluent Lincoln Park neighborhood for $28.8 million or about $262 per square foot. Read More
Hamptons MENA Expands to New Office in Uptown Cairo Community Developed by Emaar Misr

Posted by Alma Kadragic 07/28/10 4:28 PM

(CAIRO, EGYPT) -- Hamptons MENA, a premier property services company with a strong geographic presence in the Middle East and North Africa, has augmented its operations in Egypt by moving its main office to Uptown Cairo. Read More
High-End Retail Weathering Global Recession

Posted by Alex Finkelstein 07/26/10 8:00 AM

Junior and big-box retailers are gravitating to the high-rent districts of many prominent commercial avenues and doing well, according to a new CB Richard Ellis study. Read More
Dubai's Emaar Properties Profits Up 122% Year-over-year

Posted by Alma Kadragic 07/23/10 9:00 AM

(DUBAI, UAE) -- Everyone watching for the return of Dubai to the financial big leagues where it played until mid 2008 looks at the crown jewels, Emaar, Dubai World especially Nakheel, and Emirates Airlines. Read More
GLOBAL COMMERCIAL REAL ESTATE ROUNDUP

Posted by Alex Finkelstein 07/23/10 8:00 AM

Singapore's biggest sovereign wealth fund GIC (GIC: Singapore SE) plans an initial public offering of its logistics business around the fourth quarter to raise at least S$1 billion ($707 million US), ... Read More
Real Estate Investment Now Focused on Americas and EMEA

Posted by Kevin Brass 07/22/10 4:22 PM

Jones Lang LaSalle's latest study found global commercial real estate investment has more than doubled since the dark days of 2009, which makes for a nice headline. Read More
GLOBAL COMMERCIAL REAL ESTATE ROUNDUP

Posted by Alex Finkelstein 07/16/10 8:00 AM

Office vacancy rates are "very high" in both Budapest and Gyor, reports London-based Companiesandmarkets.com and OfficialWire. New office space is not being absorbed, as tenants tend to prefer to renegotiate existing leases rather than to move. Read More
Skyscraper Awards Spotlight Originality

Posted by Kevin Brass 07/15/10 3:49 PM

Pondering this year's Best Tall Building award winners, architecture geeks will find much to love and loath. Read More
Real Estate Investing and Risk at Cityscape Global

Posted by Alma Kadragic 07/13/10 12:45 PM

(DUBAI, UAE) -- Global opportunities, investment security, and regional growth provide the themes for this year's Cityscape Global Real Estate Investment Conference at the Dubai International Convention and Exhibition Centre from October 4-6. Read More
China Bank Eager to Write Loans of $100 Million-Plus to U.S. Developers

Posted by Alex Finkelstein 07/13/10 12:40 PM

If you had any doubt that China isn't the paymaster of the globe, Industrial & Commercial Bank of China is clearing away the skepticism. The bank, China's largest, has found a new lending niche. Read More
GLOBAL RETAIL REAL ESTATE ROUNDUP

Posted by Alex Finkelstein 07/09/10 8:30 AM

Don't look for a retail real estate rebound in the second half. It isn't coming, according to a growing list of store closings announced in the first six months of 2010. Read More
BP's Tony Hayward Makes Flying Visit to Abu Dhabi

Posted by Alma Kadragic 07/08/10 8:20 AM

(ABU DHABI, UAE) -- BP's Tony Hayward flew in and out of Abu Dhabi yesterday, and neither the company nor the Abu Dhabi officials with whom he met have had much to say about the visit. Read More
UAE's Goal: Diversify the Economy

Posted by Alma Kadragic 07/07/10 10:54 AM

(ABU DHABI, UAE) -- The UAE is continuing to diversify the economy away from reliance on oil production and oil-related manufacturing, Read More
GLOBAL COMMERCIAL REAL ESTATE ROUNDUP

Posted by Alex Finkelstein 07/02/10 8:00 AM

Manhattan properties are still enticing foreign buyers, according to The Corcoran Group of New York City. "We thought our foreign buyers would flee, but they haven't as yet," Pamela Liebman, president and CEO of The Corcoran Group ... Read More
Saudi Arabia and UAE Lead in $119.6 Billion GCC Infrastructure Projects

Posted by Alma Kadragic 06/29/10 9:00 AM

(ABU DHABI, UAE) -- A recent study by research company Business Monitor International, finds that GCC countries will invest more than $119.6 billion in infrastructure projects over the next ten years, with 90 percent of the money going to rail projects. Read More
Aldar Takes ADNIC as First Sub-Developer for Al Raha Beach Project

Posted by Alma Kadragic 06/28/10 10:55 AM

(ABU DHABI, UAE) -- The Abu Dhabi National Insurance Company (ADNIC) is Aldar's first sub-developer in Al Raha Beach, a huge waterfront project with commercial, retail, hospitality, and residential units. Read More
GLOBAL COMMERCIAL REAL ESTATE MARKET ROUNDUP

Posted by Alex Finkelstein 06/25/10 8:00 AM

At $57 million, It was supposed to have been the world's most expensive apartment deal. But Hong Kong can no longer boast of having that attainment. Read More
Emerging Markets to Star at Cityscape Global

Posted by Alma Kadragic 06/22/10 10:25 AM

(DUBAI, UAE) -- As markets in Europe and the US stay dormant, newer and developing markets in Asia Pacific, the BRIC countries, and the Middle East are driving interest in Cityscape Global 2010, due to take place at the Dubai World Trade Centre from October 4-7. Read More
GLOBAL COMMERCIAL REAL ESTATE MARKET ROUNDUP

Posted by Alex Finkelstein 06/18/10 9:30 AM

Cofinance of Hackensack, NJ, the U.S. subsidiary of commercial real estate developer Cofinance Group SA of Luxembourg, paid $24.76 million in two transactions to buy the Youngmann Plaza at 746-900 Young St., Read More
South Koreans Pay $333 Million for Trophy San Francisco Office Tower in Biggest Commercial Deal in Three Years

Posted by Alex Finkelstein 06/14/10 8:30 AM

South Korea investors know a good deal when they see one. And they saw one in 333 Market Street, a 33-story, 100-percent-leased trophy office tower in San Francisco's financial district. Read More
GLOBAL COMMERCIAL REAL ESTATE ROUNDUP

Posted by Alex Finkelstein 06/11/10 8:30 AM

South Korea's National Pension Service has signed a purchase and sale agreement for Sony Center Berlin, a 1.23 million-square-foot (115,000 square meters), Class A property, according to PropertyFundsWorldwide.com. Read More
Bargain Properties Driving Japan's Commercial Real Estate Market

Posted by Alex Finkelstein 06/10/10 12:42 PM

Japan's commercial real estate prices may be nearing the end of a decline, reports PropertyWire.com. "With prices for commercial property at or near rock-bottom, Japan's real estate market is ripe for investment," ... Read More
Developers' Bonds in China Turn Sour as Investors Demand Higher Yields

Posted by Alex Finkelstein 06/02/10 12:47 PM

Bonds sold recently by developers in China are not generating the yield most global investors anticipated - a sign that some developers may have trouble meeting near-future debt payments, industry analysts speculate. Read More
Colliers Predicts Retail Vacancies Worldwide Will Start Improving by Year End

Posted by Alex Finkelstein 05/31/10 4:07 PM

Boston-based Colliers International is sticking its neck out and predicting retail real estate worldwide will be in a stronger position as the industry approaches mid-year. Read More
Emaar Offers Commercial Leases at Emaar Square and Emaar Business Park

Posted by Alma Kadragic 05/27/10 9:31 AM

(DUBAI, UAE) - Another sign of changing times in the UAE today as Emaar Properties PJSC, known for iconic projects like Burj Khalifa and Dubai Mall, is marketing commercial leases in two of its existing developments, ... Read More
Kuwait's Real Estate Markets Need Oiling, Reports DTZ

Posted by Alex Finkelstein 05/26/10 12:24 PM

Kuwait may have a lock on the world's oil and gas reserves, but when it comes to its own real estate industries, the Middle Eastern country needs someone to prime the pump, according to a new analysis released by DTZ, an international real estate advisor. Read More
Zell Ready to Invest $500 Million in Brazil, China and Vietnam Properties

Posted by Kevin Brass 05/26/10 8:00 AM

Billionaire investor Sam Zell may not know the media game -- evidenced by his disastrous ownership of the Tribune Company -- but he's still a master of real estate, ... Read More
CB Richard Ellis Sees Signs of Rental Improvement in Global Office Markets

Posted by Alex Finkelstein 05/24/10 8:00 AM

Landlords and office building investors around the globe are breathing easier today after a special report by CB Richard Ellis Inc. indicates rents are starting to rise again in some markets. Read More
Europe's Property Investors Wary as Governments Start to Write New Financial Rules

Posted by Alex Finkelstein 05/19/10 3:39 PM

This hasn't been a good day for Europe's big-name real estate investors. Like government around the world, European governments are battening down the hatches on budget deficits and financial industry overhauls ... Read More
Abu Dhabi Development Still on a Roll

Posted by Michael Gerrity 05/17/10 3:17 PM

Aldar Properties, one of Abu Dhabi's largest real estate developers, has just signed a long-term agreement to develop the first Géant hypermarket in Abu Dhabi at Yas Island, the major leisure and entertainment destination. Read More
Qatar, Oman Sovereign Funds Plan Large Investments in Russian Commercial Real Estate Projects

Posted by Michael Gerrity 05/13/10 10:49 AM

Qatar investors are increasingly paying attention to the rapidly growing markets around the globe, and in particular Moscow. Because of a tough economic environment over the last 3 years, ... Read More
Qatar Pays $2.2 Billion for London's Historic Harrods

Posted by Alex Finkelstein 05/11/10 1:35 PM

Harrods, the world's most recognized department store, has new owners today. Qatar Holding LLC paid the family trust of Mohamed Al-Fayed $2.2 billion (1.5 billion pounds) for the 161-year-old, one-million-square-foot (90,000 square meters) London retail landmark. Read More
London's West End World's Most Expensive Office Market; Hong Kong Now Ranks Second

Posted by Alex Finkelstein 05/05/10 3:34 PM

At $182 per square foot, London's West End is still the world's most expensive office market. Hong Kong at $153 per square foot and Tokyo at $144 per square foot are just as pricey. Read More
International Money Buoys Commercial Markets in U.S.

Posted by Kevin Brass 05/03/10 12:58 PM

The long-predicted commercial market disaster in the U.S., which was supposed to dwarf the impact of the residential collapse, hasn't materialized, according to a panel of industry executives."The failure we were all anticipating didn't really happen," said Richard LeFrak, chairman... Read More
GLOBAL RETAIL REAL ESTATE MARKET ROUNDUP

Posted by Alex Finkelstein 04/30/10 9:00 AM

Gll Partners of Munich have acquired 9,400 square feet of prime retail space on the ground floor of the four-year-old, 13 story 40 Mercer Street residential condominium community. The $41.9 million sale price equates to $4,457 per square foot, a record in the So Ho retail corridor in Lower Manhattan, Read More
Dubai Considering Bid for 2020 Olympics

Posted by Alex Finkelstein 04/29/10 12:30 PM

Dubai, already recognized worldwide for its innovative construction projects and sports events, is considering attracting even more global attention. Unfazed by growing vacancies in the country's real estate industry, Read More
Abu Dhabi's Biggest Developer Reports 54.3% Decline in Revenues for Q-1

Posted by Michael Gerrity 04/29/10 10:45 AM

Abu Dhabi-based Aldar Properties PJSC today announced its financial results for the period ended 31 March 2010. Revenue for the period was AED 227.0 million compared to AED 496.6 million for the period ended 31 March 2009. Read More
IKEA Group Considers $1 Billion Investment in Russia's Biggest Shopping Complex

Posted by Michael Gerrity 04/27/10 2:36 PM

Swedish IKEA Group, one of the world's largest home products retailer, is planning to invest up to $1 billion in the construction of a giant shopping complex in Moscow region "Mega-4", sources in the local authorities have recently told. Read More
Dubai's Nakheel Offers to Pay $8.2 Billion to Creditors by July

Posted by Alex Finkelstein 04/27/10 12:15 PM

Nakheel, one of Dubai's biggest real estate developers, plans to offer its trade creditors a 10 percent return on an Islamic bond, as Dubai tries to free stalled bill payments and kick-start its economy, ... Read More
Abu Dhabi Takes on Skeptics, Insisting It's Not Dubai

Posted by Kevin Brass 04/26/10 1:10 PM

(ABU DHABI, UAE) -- If nothing else, the Abu Dhabi government makes spectacular models, attendees at this year's Cityscape Abu Dhabi agreed. The centerpiece of the show floor during the annual conference was a spectacular 75' x 55' scale representation of Abu Dhabi's 2030 plan, Read More
GLOBAL REALTY CAPITAL MARKET ROUNDUP

Posted by Alex Finkelstein 04/23/10 8:00 AM

Mumbai real estate developer Kanakia Spaces has created a new subsidiary, Kanakia Hospitality, that plans to invest over Rs 450 crore in the next two-years to develop three luxurious hotel properties, according to the Mumbai Business Standard. Read More
Despite Tough Economic Times, Dubai's Largest Property Developer Reports 87% Increase in Revenues for Q1

Posted by Michael Gerrity 04/22/10 2:28 PM

Dubai based - Emaar Properties PJSC announced today first quarter 2010 revenue of AED 2,886 million (US$ 786 million), underpinned by the robust performance of the company's hospitality and shopping mall subsidiaries during a period when the company opened the world's tallest building, Burj Khalifa. Read More
Cushman & Wakefield Bullish on European Commercial Real Estate Marketplace

Posted by Alex Finkelstein 04/22/10 9:00 AM

Despite troubled balance sheets in at least half of the countries in the European Union, Cushman & Wakefield sees nothing but solid progress ahead for their economic and their real estate markets.According to Cushman & Wakefield's new European Economic Pulse,... Read More
China Solar Water-Heater Maker Posts Big 2009 Profit as it Focuses on Global Industrial and Real Estate Markets

Posted by Alex Finkelstein 04/20/10 9:00 AM

Solar energy -- China Solar & Clean Energy Solutions Inc. is making it pay off big on its balance sheet. Listed on the American OTC Bulletin Board as CSOL, the Beijing-based manufacturer posted 2009 income of $1.1 million and diluted earnings per share of seven cents. In 2008, the company lost $4.7 million. Read More
Proposed Riviera Maya Airport Fuels Region's Hope for Growth

Posted by Kevin Brass 04/19/10 11:23 AM

For years government officials in Mexico have discussed a new airport for the fast-growing region around Tulum, south of Cancun. The Cancun airport is already over-run and annoying to second-home owners uninterested in the foam bars of the hotel strip Read More
Abu Dhabi's Al Raha Beach Development Infrastructure Nearing Completion

Posted by Michael Gerrity 04/19/10 10:48 AM

Abu Dhabi-based Aldar Properties, one of leading property development companies in the UAE, announced today that significant progress of key infrastructure relating to the firm's Al Raha Beach development is nearing completion. Read More
Tenant Demand Jump-Starts Key London Office Markets

Posted by Alex Finkelstein 04/08/10 10:00 AM

Office landlords in London's key office markets of the West End, City and Docklands are breaking out the bubbly these days. They haven't been this jubilant since 1998. A new Cushman & Wakefield market study shows that in the first three months of 2010, Read More
Toronto's Dundee Corp. Loaded for Bear

Posted by Alex Finkelstein 04/07/10 10:28 AM

Talk about a real estate cash cow company. Toronto-based Dundee Corp. (TSX:DC) and its family of Canadian real estate and financial management subsidiaries are walking on cloud nine these days. Read More
Russian Investors to Inject $1.5 Billion in Three Upscale Moscow Hotels

Posted by Michael Gerrity 04/05/10 11:56 AM

A group of Russian businessmen is planning to start construction of several five-star hotels in Moscow. God Nisan and Zarah Iliev, well-known Russian billionaires, are planning to invest up to $1.5 billion in the construction of three luxury hotels in the downtown of Moscow, Read More
RETAIL REAL ESTATE MARKET ROUNDUP

Posted by Alex Finkelstein 03/26/10 8:00 AM

(KRAKOW, POLAND) -- It's a tenant's market in Poland as 100.6 million square feet (9.345 million square meters) were delivered at the end of 2009, according to Cushman & Wakefield. Total retail space included shopping centers (72.9%), retail warehouses and retail parks (19%), factory outlet centers (0.9%), and other retail properties (7.2%). Read More
UK Firms Can Save Rent Dollars by Leaving London for Smaller Regional Cities, Cushman & Wakefield Study States

Posted by Alex Finkelstein 03/24/10 12:35 PM

Despite London's reputation of being the No. 1 office market for international investors, a new study by Cushman & Wakefield maintains companies can trim costs by relocating from London to smaller regional cities in the United Kingdom. Read More
Property Price Drops Bring Big-Name Investors Back into Japan's Commercial Market

Posted by Alex Finkelstein 03/23/10 9:00 AM

(TOKYO, JAPAN) -- Sinking prices of properties and land are bringing big-name Japanese investors back into the Japan market. Kenedix Inc., Japan's biggest publicly traded real estate asset manager, plans to invest 30 billion yen ($332 million) in Japanese properties this year through two new funds, Read More
Everybody but China Worries About Real Estate Bubble Bursting

Posted by Alex Finkelstein 03/23/10 8:30 AM

(BEIJING, CHINA) -- China's economy is on a roll and real estate prices keep climbing, but Premier Wen Jiabao doesn't see a crisis looming, according to numerous reports from the world's largest auto market and No. 1 exporter. Read More
Abu Dhabi Property Prices and Rents Headed Downward, Study Forecasts

Posted by Alex Finkelstein 03/23/10 8:00 AM

(ABU DHABI, UAE) -- Like its sister city, Dubai, Abu Dhabi property prices and rents are headed south, according to a new study by Tasweek Real Estate Marketing and Development. Read More
Market Date Shows Saudi Real Estate Earned 8 Percent Annually since 2007

Posted by Alma Kadragic 03/22/10 1:05 PM

(DUBAI, UAE) -- Even experts who follow real estate in the Gulf may be surprised by numbers that show real estate in Saudi Arabia has earned eight percent per year since 2007. The new figures come from Dubai based Citiscape Intelligence whose research compares real estate sales and leasing prices across Jeddah and Riyadh. Read More
GLOBAL REALTY CAPITAL MARKET ROUNDUP

Posted by Alex Finkelstein 03/12/10 8:00 AM

(NEW YORK, NY) -- Cushman & Wakefield research predicts global commercial real estate deals will rebound by 30% this year. Deals are expected to reach a total $478 billion. The U.S. is forecast to post the biggest percentage rise in sales, with China in No. 2 position. "With many U.S. investors sitting on a lot of cash after the recapitalizations, equity raises and inward investment flows of last year, ... Read More
Government Infrastructure Projects Driving Development in Arab GCC Countries

Posted by Alma Kadragic 03/11/10 11:39 AM

(ABU DHABI, UAE) -- Governments across the Gulf Cooperation Council (GCC) countries are keeping construction alive say the organizers of CityBuild, a new trade show for the region's building and construction industry. It takes place from April 18-21 at the Abu Dhabi National Exhibition Centre ... Read More
Mourjan Marinas IGY Signs Deals in Bahrain and Dubai

Posted by Alma Kadragic 03/11/10 10:47 AM

(DUBAI, UAE) -- Taking its success in Dubai and elsewhere to Bahrain, Mourjan Marinas IGY signed a Memorandum of Understanding with Global Real Estate Development Co. (GREDCO) to develop two marinas in the Kingdom of Bahrain. Read More
Emaar Industries and Investments Opens State of the Art Manufacturing Plant

Posted by Alma Kadragic 03/11/10 10:03 AM

(DUBAI, UAE) -- Emaar Industries & Investments (EII) has opened a state-of-the-art manufacturing plant for low voltage and medium voltage switchboards for its subsidiary Dynergy Technologies in TechnoPark, Dubai. Read More
Polish Commercial Real Estate Market on Brink of Recovery in 2010

Posted by Michael Gerrity 03/10/10 2:35 PM

(WARSAW, POLAND) -- The value of transactions closed in the Polish commercial real estate market this year may exceed 2 billion euros, according to new estimates by Cushman & Wakefield, Read More
Earthquake Engineers Headed to Chile to Analyze Construction Methods

Posted by Alex Finkelstein 03/09/10 8:00 AM

(OAKLAND, CA) -- Eager to study how improved construction methods in Chile could help the U.S. manage a major earthquake, Earthquake Engineering Research Institute of Oakland, CA is preparing shortly to leave for South America. Read More
Meyer Bergman Pays $196 Million for 50% Stake in London Mall

Posted by Alex Finkelstein 03/08/10 9:00 AM

(LONDON, ENGLAND) -- Believing the commercial real estate market in London is turning positive again, Meyer Bergman Group has bought a 50 percent stake in a London mall for 130 million pounds ($196 million USD) from Aviva (AV.L), Read More
World's Largest Developers, Investors Target Sochi's 2014 Winter Olympics $12.58 Billion Construction Bonanza

Posted by Michael Gerrity 03/03/10 2:03 PM

(MOSCOW, RUSSIA) -- The Russian oil-rich government is actively seeking investors for the construction of numerous real estate properties in Sochi - the capital of a future Winter Olympic Games 2014. Read More
Distressed Properties Rising Across the Globe as Buyer Interest Soars

Posted by Alex Finkelstein 03/02/10 4:26 PM

Denys Kwan, Hong Kong Realtor Residential, Retail and Office Properties at Top of ListChina Sees Rise for the First TimeUS and Japan Forecast to Have Biggest Increase in First Quarter 2010Next Heaviest Load Will Be Seen in China, Germany and... Read More
Cushman & Wakefield and DTZ Differ on World's Most Expensive Office Market

Posted by Alex Finkelstein 03/01/10 8:00 AM

(NEW YORK, NY) -- In a see-saw contest that changes every six months, depending on who is doing the surveying, Tokyo and London's West End once again are rivals for the questionable distinction of being the world's most expensive Class A office market. Read More
New Saudi Stock Exchange to be Sustainable Building

Posted by Alma Kadragic 02/26/10 10:25 AM

Dr. Fahd Al-Mubarak with Mitsuo Nakamura (DUBAI, UAE) -- A Japanese design and engineering company with an office in Dubai is building the new headquarters of the Saudi Stock Exchange, Tadawul in Arabic. At a cost of $27 million, Tadawul... Read More
Olympics Ski Resort in Middle of $1.4 Billion Foreclosure Fight

Posted by Alex Finkelstein 02/17/10 3:52 PM

(VANCOUVER, BC) -- The ill-fated Winter Olympics, already experiencing the death of an athlete and the embarrassing sloppy surface of its ice rink, now faces possible closure of its highly-touted ski resort at Whistler, BC, just outside of the Olympics main site at Vancouver. Read More
Emaar Announces 2009 Net Profits of $633 Million

Posted by Alma Kadragic 02/16/10 2:47 PM

Burj Khalifa by Emaar Properties (DUBAI, UAE) -- Despite the financial crisis that has hit Dubai hard, Emaar Properties, the emirate's largest developer, announced a net operating profit of $633 million for 2009 after revenues of $2.29 billion. The news... Read More
Cityscape Abu Dhabi to Feature Sustainable Real Estate Model as Dubai Goes Global

Posted by Alma Kadragic 02/16/10 2:39 PM

Chris Speller and Rohan Marwaha (ABU DHABI, UAE) -- Things are looking up for real estate in Abu Dhabi which is currently driving the industry in the UAE after a very bad year for everyone in 2009. But this time... Read More
Online Searches for UK Office and Investment Properties Rise but Retail Interest Sags

Posted by Alex Finkelstein 02/15/10 10:54 AM

Andrew Barber (LONDON, ENGLAND) -- Global investors interested in United Kingdom commercial properties have resumed their online searches to a level it was before Christmas 2009. Office and investment properties lead the search list. Searches for retail assets are down. In its... Read More
Montreal Office and Industrial Markets Down but Starting to Stabilize, Report States

Posted by Alex Finkelstein 02/15/10 10:00 AM

Montreal, Canada (MONTREAL, QUEBEC) -- Montreal central business district and suburban office and industrial markets had a mediocre 2009 but are expected to show improvement in 2010, according to a new report by Newmark Knight Frank Devencore. Canada's largest corporate... Read More
Survey Shows Latin America Tops Global Investment Hot Spots

Posted by Alex Finkelstein 02/12/10 1:50 PM

(LONDON, ENGLAND) -- The hottest turf in the world today for commercial real estate investment is in Latin America. The coolest sites are in the U.S., Mexico and Canada. That's the fourth quarter 2009 assessment from the Royal Institution of Chartered Surveyors in London. Read More
McDonald's Closing 430 Restaurants in Japan Even as Global Sales Rise

Posted by Alex Finkelstein 02/11/10 9:00 AM

Jim Skinner, McDonald's CEO (OAK BROOK, IL) -- McDonald's Japan, a 50-percent-owned affiliate of McDonald's Corp. (NYSE: MCD), will be closing about 430 restaurants over the next 12 to 18 months while the Oak Brook, IL-based fast-food company reviews its... Read More
Abu Dhabi Lands First IKEA Store, Opening Spring 2011

Posted by Michael Gerrity 02/08/10 2:15 PM

(YAS ISLAND, ABU DHABI) -- IKEA UAE, part of Al-Futtaim group announced it expects to serve nearly 1.3 million visitors in the first year of operations when the world's best known furniture and furnishing company opens for business on Yas Island, ... Read More
Record $234 Billion in China Land Sales Keep Real Estate Bubble from Bursting

Posted by Alex Finkelstein 02/05/10 2:27 PM

(BEIJING, CHINA) -- Is China's runaway real estate engine overheating and in danger of shutting down? International watchers monitoring the country's economy think so, citing surging home prices that have prompted the government to crack down on speculation and tighten lending, reports Bloomberg. Read More
GLOBAL RETAIL REAL ESTATE ROUNDUP

Posted by Alex Finkelstein 02/05/10 8:00 AM

(SHANGHAI, CHINA) -- Four prominent Chinese investor groups with strong real estate portfolios are in a bidding war to buy two supermarkets from debt-heavy Australia-owned Global Mart Ltd. for about $73 million (500 million Yuan. One Yuan equates to about 14 ½ cents U.S.). Leading the bidding pack is Fosun Group, ... Read More
GLOBAL REAL ESTATE MARKET ROUNDUP

Posted by Alex Finkelstein 01/29/10 8:00 AM

(LONDON, ENGLAND) -- London has beaten Washington, DC by a wide margin as the world's best real estate investment market today, according to a fourth-quarter 2009 survey by the Association of Foreign Investors in Real Estate. New York City was the No. 3 choice. Read More
Bubble Bursts for India's Once-Booming Real Estate Market

Posted by Alex Finkelstein 01/26/10 8:05 AM

(MUMBAI, INDIA) -- After nearly four years of aggressive growth, India's once-booming real estate market is in a freefall. In an eye-opening analysis, Business Monitor International of Blackfriars, London, and Fast Market Research of Williamstown, MA are reporting ... Read More
Two Realty Firms Expected to Raise Total $362M in New IPOs This Week

Posted by Alex Finkelstein 01/25/10 9:00 AM

(GREENWICH, CT) -- Renaissance Capital, headquartered in Greenwich, CT, expects the following initial public offerings to price during the week of Jan. 25.(IFM) Century 21 China of Beijing, which provides real estate services and franchises the Century 21 brand in... Read More
GLOBAL REALTY CAPITAL MARKET ROUNDUP

Posted by Alex Finkelstein 01/22/10 8:00 AM

(TORONTO, CANADA) -- Avison Young's National Forecast on the international realty capital markets doesn't paint a rosy picture for 2010. The report shows Canadian real estate market fundamentals, "though shaken, remain relatively intact, while U.S. markets continue to ... Read More
GLOBAL REAL ESTATE ROUNDUP

Posted by Alex Finkelstein 01/20/10 8:00 AM

(BEIJING, CHINA) -- China government's drive to build more roads, bridges and related infrastructure in numerous growing metropolitan areas is paying off for China Infrastructure Construction Corp. (OTC BULLETIN BOARD -- CHNC). Read More
Russian Real Estate Investment Activity May Rebound 60% in 2010

Posted by Michael Gerrity 01/18/10 2:21 PM

(MOSCOW, RUSSIA) -- The amount of investments in the European real estate market this year may significantly increase after a record drop registered last year, suggests a new research carried out by analysts of Jones Lang LaSalle Company (JLL), a... Read More
Ibn Battuta Gateway Mixed Use Complex Adds Office Space Near Dubai

Posted by Alma Kadragic 01/18/10 9:00 AM

(DUBAI, U.A.E.) -- Nothing is small in Dubai, and while the new Ibn Battuta Gateway development owned by Seven Tides might not look that big, its entrance is an archway larger than the Arc the Triomphe in Paris. The... Read More
Rents Stable or Slightly Down during Q4 in Abu Dhabi and Dubai

Posted by Alma Kadragic 01/14/10 2:04 PM

Elaine Jones (ABU DHABI, UAE) -- These days the news is better for renters than for landlords of residential and commercial properties in Abu Dhabi and Dubai. According to reports issued this week by Asteco, the largest property services company... Read More
New Records Set at Dubai's Burj Khalifa Tower

Posted by Alma Kadragic 01/06/10 12:49 PM

Highest base jump from Burj Khalifa (DUBAI, UAE) -- Not only is it the world's tallest building at 828 meters (2720 ft), but the Burj Khalifa can't help setting more records two days after it was officially opened on January... Read More
Burj Dubai Renamed Burj Khalifa at Gala Opening

Posted by Alma Kadragic 01/04/10 1:34 PM

(DUBAI, U.A.E.) -- The Burj Dubai was renamed Burj Khalifa tonight at the gala ceremony marking the official opening of the world's tallest building. Sheikh Mohammed Bin Rashid Al Maktoum, Ruler of Dubai and Vice President and Prime Minister of the UAE, Read More