International
Eastern Europe On The Rise: Romania’s Second Largest City Welcomes First Green Luxury Residential Development
Cluj-Napoca, the second most populous city in Romania, is about to get its first green luxury residential project: the 91-unit Riviera Luxury Residence condominium tower.
Hines Managed Fund Acquires Mixed-Use Developments in Germany
Hines Immobilien GmbH, a fund set up and managed by Hines, has acquired two mixed-use property assets in Germany, namely Kö-Quartier in Düsseldorf and Kronprinzbau in Stuttgart
Union Investment Acquires Landmark Weser Tower in Bremen
By Gabriel Circiog, Associate Editor Bremen, Germany—Union Investment recently announced the acquisition of the landmark Weser Tower in Bremen, Germany, in a deal that is deemed as one of the most significant real estate transactions seen in Bremen. The Hamburg-based investment manager acquired the building from developer Siedentopf for an undisclosed price. “The combination of a high quality property, its excellent location and the fact that it is fully let to a financially sound municipal company made the decision to enter the Bremen office market easy,” says Christoph Schumacher, a member of the management team at Union Investment Institutional Property…
U.S. Green Building Council Awards LEED Certification to Facilities Hosting The 2014 FIFA World Cup in Brazil
As the 2014 FIFA World Cup is in full effect, the U.S. Green Building Council announced that a number of the arenas hosting matches have been awarded LEED certification.
$300M Luxury Residential Tower Tops Out In Beirut
Middle Eastern luxury developer DAMAC Properties has announced topping of the $300 million iconic residential tower in Beirut’s Solidere area.
Village Green Creates New International Partnership
Village Green, one of the oldest (1919), and largest, private luxury apartment developers in the United States is entering into a partnership with ROCK Advisors, Inc., a Toronto apartment brokerage firm.
Comac Retail Property Group Selects Yardi Voyager
Retail property management consultant Comac Retail Property Group emphasises informality and personal service over rigid structure and hierarchy.
DDG To Design New Development at Dubai’s Jumeirah Golf Estates
A major international competition undertaken by Jumeirah Properties of Dubai, UAE, has resulted in a triumph by DDG, the U.S.-based planning, design, architecture, interiors and graphics firm.
CPPIB and Hermes Agree to Forward-Purchase London’s South Bank Tower
Canada Pension Plan Investment Board (CPPIB) and UK asset manager Hermes Real Estate have agreed to acquire part of London’s mixed-use South Bank Tower from a joint venture comprised of Jadwa Investment and developer CIT Group.
Shangri-La Hotels and Resorts Announces New Hotel on World’s Largest Man-Made Island
Shangri-La Hotels and Resorts recently announced it has signed a letter of intent with Dubai-based real estate developer Nakheel to manage a 290-room hotel in Dubai.