NEW YORK CITY—The capital markets and investment veteran will oversee a $357-billion global investment portfolio, including more than $75 billion of real estate assets under management.

NEW YORK CITY—For markets such as New York City and Los Angeles, traditional tenants still focused on the bottom line may balk at rent escalations, says Savills Studley, which also sees other forces at work.

MUNICH—Allianz Real Estate's first pan-European transaction of this type, the deal is also among the largest syndications between banks and institutional investors in Europe.

SYDNEY—Reportedly the largest direct real estate transaction in Australian history, the deal for 126 Phillip St. and eight other office towers marks a step in Morgan Stanley's exit from its Australian real estate business.

NEW YORK CITY—C&W's John Busi says that risk analytics “need to combine experienced diligence practitioners with real estate professionals who are actively interacting with the real estate being analyzed."

NEW YORK CITY—However, Real Capital Analytics says the lower growth in volume hasn't been matched with cap rate increases, “so it is not as if investors are pulling away from commercial real estate.”

DENVER—Nearly 100 megawatts of data center capacity was added in the first six months of this year, as developers work to keep pace with increased demand, according to CBRE.

SHANGHAI—For Shui On Land, the sale of Corporate Avenue 1 and 2 continues a program to reduce debt and fund expansion by selling nearly half its portfolio.