International

The new division, ThorLogis, led the firm to acquire its first European industrial property in the Netherlands.

The deal announced today calls for Hudson's Bay Co. to receive $ $75 million in cash upon the transaction's closing and a secured promissory note for $25 million payable in cash after two years.

Commercial real estate transaction volumes in China hit a record high US$25 billion in the first half of 2019, according to JLL.

“Amidst international economic uncertainty and an increase in global investor interest in alternative investments, we have seen an uptick in foreign investment firms, particularly those in the Gulf, looking to acquire stabilized Class-A office products in the United States,” says Norman Feinstein, vice chairman of The Hampshire Companies.

The company promoted two finance executives and hired three outside professionals for newly-created positions.

The workspace provider, valued at $1 billion, now leads the market in New York, San Francisco and Paris.

Recent news from Japan, Denmark, the U.K. and Russia shows other countries are not immune to pension problems.

Stats from JLL and CBRE show that sales transactions in global commercial real estate are falling.