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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

US Ranks (Barely) in Top 10 for Renter Share

The world’s largest economy ranks a little higher among developed nations for renter growth over a five-year period, according to RentCafe.

Where Multifamily Capital Is Heading This Year

Secondary markets, workforce housing and ground-up construction will be the mantras of multifamily capital this year.

Brooklyn Fuels $50B NYC Homes Sales Record

“The high end of the New York City home sales market slowed this quarter in comparison to past quarters,” says REBNY president John Banks.

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