International

LONDON—The triple-net lease deal has an annual rent escalation and a 15-year weighted average term.

CHICAGO—The portfolio presented investors with the opportunity to acquire scale for one of the most sought after product types, JLL says.

MARLTON, NJ—Hill International has promoted three individuals on the company's executive management team. Raouf S. Ghali, of Hill's Athens, Greece office, has been promoted to Chief Operating Officer; Thomas J. Spearing III, of the Marlton, New Jersey office, has been promoted to Regional President (Americas) with Hill's Project Management Group; and Mohammed Al Rais, of Hill's Dubai, United Arab Emirates office, has been promoted to Regional President (Middle East) with Hill's Project Management Group.

NEW YORK CITY—The current year “will offer ample opportunities for equity deals for institutional investors,” says Robert Merck, MetLife's global head of real estate investments.

TORONTO—Deal for 38 hotels will make Marriott the largest hospitality operator in Canada.

NEW YORK CITY—The asset management giant raised $9.7 billion of new capital in the real estate space during 2014, but may beat that tally with a single fund this year.