International

The new organizational structure will replace the existing operations that manage CBRE's services business within its existing geographic businesses—Americas, EMEA and APAC. That structure will remain in effect for the remainder of 2018.

The company states that construction will start immediately after securing the building permit for the project that secured $2.7 million in performance-based tax credits from New York State through the Excelsior Jobs Program.

There is a crisis brewing on the global talent front: a growing shortage of highly skilled workers.

Kennedy Wilson reports that in conjunction with Ricks' appointment, Peter Collins has assumed the role of president of Kennedy Wilson Europe, which is headquartered in London, and will report to Ricks.

Preqin reported that 47 funds raised a combined $22 billion, the lowest quarterly total since 2013.

For its first deal in the US, the company partnered with other equity providers to buy 100,000 square feet of office space in Manhattan's Gucci building.

The partnership has purchased the vacant office space in the former Gucci Building for $135 million.

"The acquisition of Wilkinson Williams represents another significant milestone in the growth of Avison Young."