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Electra Puts Tel-Aviv Tower Back on Block

TEL-AVIV-The firm has hired New York City-based Carlton Group to sell the 43-story, fully-occupied office, after a $300 million sale to Azrieli Group broke down early this year.

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Middle East Headlines

Hard Rock, IPI Partner for Abu Dhabi Hotel

ABU DHABI, UAE-The Orlando-based restaurant and hotel company has agreed to build the hotel in conjunction with Aabar Properties, a subsidiary of International Petroleum.

Americas Rank as Best-Performing Investment Region

LOS ANGELES-CBRE’s Capital Value Index shows a 9.6% increase in year-over-year capital values for real estate in the Americas in first-quarter 2012.

Starwood Signs Four More Middle East Hotels

DUBAI-Three of the properties will be built here, and another in Erbil, Iraq, for a total of almost 2,000 rooms.

Spotlight On

Construction Costs Continue to Vex Residential Plans

The focus is creating the highest and best use for each site but construction and land costs add challenges to an already challenging situation, while community designs continue to be responsive to buyer needs.

L.A. Second in Nation for Multifamily Construction

Since 2000, Los Angeles has spent $28.4 billion on the construction of new multifamily product as the spending on single-family construction has fallen.

News

Global Medical REIT Closes On $64M Ohio Portfolio

“This acquisition fits squarely into our primary investment strategy of acquiring medical office buildings in secondary and tertiary markets with strong tenants.”

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