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December 3, 2008
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INTERNATIONAL BREAKING NEWS
December 3, 2008
C&W, Indonesia Expanding Amid Downturn

JAKARTA, INDONESIA-Despite the suffering global economy, Cushman & Wakefield is continuing its expansion to Indonesia, a country showing some growth of its own. ... Full Story

Acquisition Gives Avison 26M SF to Manage

TORONTO-The locally based firm is expanding its reach by purchasing Darton, another Canadian property firm. ... Full Story

Hotels Adjust, Communicate After Attacks

MUMBAI, INDIA-Terrorists are going after hotels more, as the properties are seen as a quick way to find foreigners. Experts say safety measures may keep guests coming. ... Full Story

Industrial Development Grabs 590,000-SF Lease

CALEDON, ONTARIO-An undisclosed company is leasing 590,000 square feet, securing a local industrial development--AMB Airport Road Distribution Center. ... Full Story

Lend Lease Changes Infusion Bid to $195M Plus

SYDNEY, AUSTRALIA-The developer will take a large stake in Babcock & Brown Communities, a large holder of retirement properties, as the parent company suffers in this economic downturn. ... Full Story

Starwood Plans Three Saudi Hotels by 2011

JEDDAH, SAUDI ARABIA-These properties are just a few from the company’s plan to double its Europe, Africa and Middle East portfolio to 500 hotels. ... Full Story

Global Retail Figures Tease, Fall Expected

LOS ANGELES-The Q3 retail rates for already-successful markets were at record highs. No spin is possible, though, when staring down a potential years-long slide. ... Full Story

Colliers International Finds Heart in Athens

ATHENS, GREECE-The international firm is being named the exclusive provider of property management services for Pasal Development's mall athensheart. ... Full Story

Marriott Residences Hitting Baja California

LORETO, MEXICO-A Scottsdale, AZ-based developer is building the 201-unit condo property here, with residences between $700,000 and $3 million. ... Full Story

Sales Brisk for Condos at $400M Trump Tower

PANAMA CITY-The US economy hasn’t slowed activity, but has moved domestic buyers out of the picture, says sales director. ... Full Story

Two Radisson Hotels Hit Paris

PARIS-The Radisson Hotel Paris La Defense will open in Q3 of 2011, while the Hotel Ambassador will undergo a revamp and become the Radisson Ambassador Hotel, Paris Opera by December 2008. ... Full Story

Dominican Republic Readies for $150M Tower

SANTO DOMINGO, DOMINICAN REPUBLIC-Las Arenas, the 25-story residential tower, is breaking ground in the Q1 of 2009. ... Full Story

Cougar Software's Oren Rosen

A Q&A with the president and COO of the Australian company. ... Full Story

Prosperity Creates Opportunities for Sr. Housing

Think the demographic trends look promising in the US? The real seniors housing boom could be happening further east. ... Full Story

Mideast Needs $100B in Private Infrastructure

DUBAI-The centralized governments are having trouble paying for the $1.3 trillion in infrastructure needed to build its new large cities, and provide utilities and transportation. ... Full Story

3M-SF Russian Resort Grabs US Operator

MOSCOW-Interstate Hotels & Resorts will operate and manage MT Development's resort here featuring an indoor ski slope, hotel and residential units. ... Full Story

$312M Sale Includes 2009 British Open Resort

AYRSHIRE, SCOTLAND-Starwood unloaded four properties, including the 219-room Turnberry Resort here, which will receive a $49-million upgrade for the British Open. ... Full Story

Trust Can Stop Global Crisis, Says Expert

BOSTON-CBRE global economist Ray Torto agrees that though markets are down now, activity, particularly overseas, is just waiting for the everyone to get their confidence back. ... Full Story

Prosperity Paves Way for Opportunities in Seniors Housing

Strengthening economies and a growing middle class have created a demand for modern senior living and healthcare product in countries across the world. ... Full Story

Hill Lands $45M Contract for $6B DR Resort

PUNTA CANA, DOMINICAN REPUBLIC-The NJ-based firm will manage the first phase of the project, which will include over 1,300 residences and other components. ... Full Story

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