International
World's Tallest Hotel to Open in Dubai in Q4
DUBAI-Marriott is debuting its Marquis brand outside the US for the first time with this 1,608-room hotel, being built by locally based Emirates Group for a reported $490 million. FULL STORY
Legal & General Property Secures Two New Tenants
LONDON-Legal & General Property has signed two lease deals totaling 4,550 square feet in Covent Garden. FULL STORY
LaSalle Investment, Quantum JV for $1B Plan
CHICAGO-The venture is targeting investments in excess of $100 million, with an initial focus on major markets in Australia, France, Germany, the United Kingdom and the United States. FULL STORY
GORG Adds Space at maxCologne Office Complex
COLOGNE, GERMANY-The GORG Partnerschaft von Rechtsanwalten has leased an additional office space measuring 18,298 square feet at the maxCologne complex in Cologne-Deutz from HOCHTIEF Projektentwicklung. FULL STORY
Prologis Sells 13 Logistics Sites for $335M
YORKSHIRE, ENGLAND-Blackstone bought the properties in the Midlands region here, as Prologis officials said the sites no longer fit in their investment strategy. FULL STORY
Helical Bar Signs GBP 100M Deal with Royal Bank of Scotland
LONDON-Helical Bar plc has inked a GBP 100-million Revolving Credit Facility for five years with The Royal Bank of Scotland. FULL STORY
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MAPIC Video
Debt Crisis Not Scaring IKEA
CANNES, FRANCE-The problems happening in Europe are necessarily impacting all of its larger retailers, including IKEA, for one.
EU Sustainibility
AXA Starts Green Lease Rules in Germany
BERLIN-The Paris-based firm already started to require sustainable commitments from tenants in France, and has a long-term goal of implementing the requirements in all its 2,800 properties.
MAPIC Video
It Can Be Easier to Work Globally
CANNES, FRANCE-Working in several different countries can give you an edge of diversification that you might not get in the US.
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Charging the Hill: Commercial Real Estate and the 2012 Congressional Agenda
December 07
Critical issues impacting commercial real estate are coming up on the 2012 Congressional calendar, and their outcome collectively will impact all practitioners in this space. Top executives who know their way around Capitol Hill will share their thoughts on the direction this industry could take at the hands of our elected officials.
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This video webinar, presented by GlobeSt.com Thought Leader Partner Engineering and Science, Inc., will give commercial real estate investors a thorough overview of seismic Probable Maximum Loss Reports (PMLs). These reports are especially important for those investing in real estate in areas that are at risk for earthquake damage.
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WASHINGTON, DC-A forthcoming report from Delta Associates shows that distressed commercial real estate in the United States totaled $166.9 billion in January 2012, down $4.7 billion since October 2011.
