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HIH Global Invest Buys Office Building for $70M
By Katie Hinderer
LONDON-LaSalle Investment Management sold the class A office property located in the financial district. ... Full Story
Deloitte House Sells for $165M
By Katie Hinderer
WARSAW-This transaction is the fifth largest to take place throughout Europe, the Middle East and Africa in 2009. ... Full Story
Acer Inks Deal for 215,000-SF Distribution Site
By Katie Hinderer
WARSAW-The ProLogis facility will provide the computer system manufacturer with a site to distribute parts to Europe, the Middle East and Africa. ... Full Story
Boston’s DebtX Establishes Madrid Office
By Allan Saunderson
MADRID-The internet loan-trader is trying to foster Spanish loan trading. ... Full Story
Corio Pays $178M for Shopping Center
By Katie Hinderer
MADRID-The company has taken a 95% stake in the Príncipe Pío shopping center, located in the heart of Madrid and connected to the railway station. ... Full Story
Züblin Boosts Cash Flow, Yet Devalued
By Allan Saunderson
ZURICH-Energy efficient office building owner plans to remain in line with debt covenants but is looking into not paying dividends. ... Full Story
German Funds Favor Assets in Japan
By Allan Saunderson
FRANKFURT-Funds bought 12 assets in Japan over the last 12 months, precisely doubling the share of the nation in total AUM to 3.1%. ... Full Story
Klepierre Refinances $3.1B of Debt
By Katie Hinderer
PARIS-The company has also relaxed its covenants for a $1.4 billion loan set to mature in September 2014 in order to help maintain liquidity. ... Full Story
Four Units of Vivacon File For Insolvency
By Allan Saunderson
COLOGNE, GERMANY-Affected are almost 4,000 some 10,000 housing units of the group. ... Full Story
Rising Public Debt Encouraging European Sales
By Allan Saunderson
LONDON-The government in the UK looks to sell up to £20 billion of commercial property and related assets during the next 10 years, with other countries following. ... Full Story
High Italy Office Demand Due to Relocation
By Allan Saunderson
MILAN, ITALY-Demand for offices rose in this city, but demand in Rome diminished, report says. ... Full Story
Positively Beneficial to the Climate
By Debra Hazel
Clinton Climate Initiative lauds developments that aid the planet. ... Full Story
Romanian Firm Buying up Deutsche Land
By Allan Saunderson
DOUGLAS, ISLE OF MAN-Black Sea Global Properties is gunning for a 54% majority stake in the commercial real estate owner. ... Full Story
Ricoh Co. Leases 114,000 SF
By Katie Hinderer
NAGOYA, JAPAN-Developer ProLogis has seen a significant amount of interest in the property set to be delivered by the end of July. ... Full Story
Leading Swiss Real Estate Firms Merge
By Allan Saunderson
ZURICH-After an exchange offer, retail company Jelmoli Holding will have a 47% interest in peer real estate firm Swiss Prime Site. ... Full Story
Survey: Overseas Buyers Will Be Back in the USA
By Paul Bubny
WASHINGTON, DC-AFIRE’s first-ever mid-year survey finds that two-thirds of foreign investors plan to invest in US real estate by year’s end. ... Full Story
Metrovacesa Halts Split From Gecina
By Allan Saunderson
PARIS-The Spain-based firm will remain a shareholder in the second-largest French REIT, with a 26.9% stake, and recently appointed five directors. ... Full Story
CBRE Appoints Daniels Mexico President
By Katie Hinderer
MEXICO CITY-He will assume the position July 1, 2009 after working for Hines-Mexico since 1994. ... Full Story
Dubai Wants to Build a Fashion District
By Katie Hinderer
DUBAI, UAE-The Dubai Culture and Arts Authority has a billion-dollar budget to create the fashion and design district. ... Full Story
Subleasing Gets Big in Moscow
By Allan Saunderson
MOSCOW-Current tenants attempt to minimise costs while new lessees enjoy
lower rents and flexible contract terms.
... Full Story
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TIC July 28 
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