International
Multifamily Owners Focus on Green Benchmarking
Energy efficiency in the multifamily sector could be improved by about 30 percent nationwide by the end of the next decade, but owners must first know how much energy their portfolios consume.
Economy Watch: Simon Quits Bid for Largest British Mall Owner
Simon Property Group decided it doesn’t want to be the biggest U.K. mall owner badly enough; U.S. housing prices continue to fall; and small businesses continue to struggle.
Korman Communities to Invest $300M Per-Market to Expand its Luxury Flexible-Stay Brand
New York–Korman Communities has announced that it will enhance its AKA residences collection by eight to 12 properties over the next five years.
Leading Chinese Multifamily Developer Reports Spike in Prices, Income
Beijing–Unlike much of the rest of the world, China still has a famously get-up-and-go residential property market.
Russian CRE Company Spins Off U.S. Multifamily Specialist
New York–Coalco New York, the U.S. operation of Coalco Development, a real estate company headquartered in Moscow, has spun off a new entity, Corigin Holdings.
Developers Anticipating the Return of Multifamily Property Buyers to the Yucatan
Tulum, Mexico–With recovery, the promoters of such properties are once again optimistic.
Chinese Developer Says Hanzhong Market Is Vibrant
Hanzhong, CHINA–China HGS Real Estate Inc. has three projects under construction in the Shaanxi Province.
Gus Poulopoulos Joins NAI Global’s NYC Office as Executive MD
New York–Gus Poulopoulos has joined NAI Global’s New York City office as executive managing director for corporate services. Before joining NAI, Poulopoulos was a founding partner at United Systems Integrators Corp. (USI) in 1991. In 2005, Poulopoulos and his partners sold USI to Johnson Controls, where he continued to serve as a vice president responsible for real estate delivery.
Germany’s Passive House Standard Gains Momentum?
Dresden/Darmstadt, GERMANY–The Passive House standard was conceived in Germany.
Property Development Likely to Decline in European Markets
Mirroring recent headlines, ING’s latest “Investment Management Europe Report” suggests that the Greek debt crisis and the declining value of the euro will adversely affect property yields and threaten the recovery in the real estate market.