Real Estate

Follow the commercial purchase, development and sale of real estate by companies, individuals and projects throughout the world. To get the latest updates from this section, bookmark this page or subscribe via RSS at http://theglobalherald.com/section/real-estate/feed/.

Carter Validus Mission Critical REIT Acquires Thomson Reuters Data Centre for $19 Million

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Carter Validus Mission Critical REIT, Inc. has acquired the Milwaukee Data Center used exclusively by Thomson Reuters U.S. LLC for $19,500,000. The property, located in Harland, Wisconsin, covers 59,000 sq ft. The deal was part of a dual purchase which included the Windstream Charlotte Data Center in in Charlotte, North Carolina, which went for $26,400,000. This second property has a number … Read more Carter Validus Mission Critical REIT Acquires Thomson Reuters Data Centre for $19 Million

Time Warner Sells New York Office Space to Abu Dhabi Investment Authority

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Time Warner (NYSE:TWX) has sold $1.3 billion of commercial real estate to Related Companies – an entity owned by the Abu Dhabi Investment Authority and GIC – in a sell and lease back arrangement. Time Warner will continue to lease 1.1 million square feet of office space in the Time Warner Center until 2019. The … Read more Time Warner Sells New York Office Space to Abu Dhabi Investment Authority

DoubleTree by Hilton Expands in China

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A new Doubletree by Hilton hotel has opened in China in Langfang. It marks the eighth Chinese location for the brand, which aims to open 30 hotels and resorts in the country over the next few years. The new hotel is located between Beijing and Tianjing and has 295 rooms. It is owned by The … Read more DoubleTree by Hilton Expands in China

Kennedy Wilson and Partners Buy $1.8 Billion of Bank of Ireland Loan Portfolio

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Kennedy Wilson and Partners have purchased a UK-based loan portfolio from Bank of Ireland for $1.8 Billion, bringing their assets under management in Europe to $4.5 billion. The purchase was phased as follows: approximately $1.4 billion closed on 21st October 2011 and $400 million closed on 5th December 2011. Bank of Ireland has been deleveraging … Read more Kennedy Wilson and Partners Buy $1.8 Billion of Bank of Ireland Loan Portfolio

Milton Keynes to Get New Shopping Centre in £56 Million Deal

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Milton Keynes will get a new shopping centre as part of a £56 million deal between The Crown Estate and Inter MK Limited, the owners of the MK Dons Stadium. The MK1 Shopping Park will be situated next to the MK Dons football stadium and is scheduled for completion in late 2012. 235,000 square feet … Read more Milton Keynes to Get New Shopping Centre in £56 Million Deal

Hyatt to Open Three Hotels in Mecca, Saudi Arabia

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Hyatt is to open three new hotels in the holy city of Mecca in Saudi Arabia by the end of 2014. Hyatt Regency Mecca is scheduled to open in to open in 2013 and will offer; 628 guestrooms, in addition to meeting facilities, several dining venues, a Regency Club lounge, a spa and fitness center, … Read more Hyatt to Open Three Hotels in Mecca, Saudi Arabia

Shari’ah Compliant Property Purchases Allow Gulf Investors to Buy into Britain

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Gatehouse Bank plc, the City of London-based wholesale investment bank, has acquired a 541,962 sq ft core manufacturing and logistics facility in Glasgow, Scotland which is let to Rolls Royce plc. The deal was worth £52.7m and was completed using a Shari’ah compliant structure. The site was bought in a corporate purchase from a fund … Read more Shari’ah Compliant Property Purchases Allow Gulf Investors to Buy into Britain

Real Estate: “The Torch”, Dubai Marina Breaks World Record for Tallest Residential Tower

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A tower at Dubai’s world-renowned marina has broken the record for the tallest residential tower. At 348 metres “The Torch” has surpassed the height of Australia’s Q1 tower on the Gold Coast by 25 metres. The development has 86 floors, 676 sold-out apartments and cost AED 665 million (USD$182m) to build. Rahail Aslam, CEO of … Read more Real Estate: “The Torch”, Dubai Marina Breaks World Record for Tallest Residential Tower

Jeff Davi Leaves Post as California’s Real Estate Commissioner

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The 22nd Real Estate Commissioner of California, appointed by former Governor Arnold Schwarznegger, Jeff Davi will leave regulation to return to business. The commissioner has been serving current Governor Jerry Brown. Jeff Davi has overseen a term in which the number of real estate license holders in California reached over half a million. He commented … Read more Jeff Davi Leaves Post as California’s Real Estate Commissioner

Nomura Real Estate Office Fund Confirms Property Portfolio in Japan is Safe

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Nomura Real Estate Office Fund has confirmed that its 51 properties in Japan have not suffered any significant damage following the major earthquake which struck Japan on Friday 11th March 2011. The quakes “have not inflicted significant damage on the portfolio of NOF (51 properties), including “NOF Sendai Aoba-dori Bldg” located in Sendai, Miyagi, as … Read more Nomura Real Estate Office Fund Confirms Property Portfolio in Japan is Safe