International Beat

Australia’s Big Deal

Delaware North, a Buffalo, N.Y.-based hospitality management and food service company, has signed an agreement  to acquire SKYCITY Darwin in Darwin, Northern Territory, Australia, from SKYCITY Entertainment Group. The $188 million Australian purchase is a 30-acre resort that includes a casino, four restaurants, a beachfront resort with a 152-room hotel, and conference space.


Affordable Offices

While Hong Kong leads the list of the most expensive office rents among 72 city submarkets surveyed by JLL, the following are the most affordable.

Source: JLL, “Global Premium Office Rent Tracker 2018”


Up-and-Coming European Sectors

Co-living developments offer the best prospects for investment and development in Europe, according to a recent PwC/Urban Land Institute survey. Respondents representing investors, fund managers, developers, and other real estate professionals ranked sectors on a 1 to 5 scale, with 5 being excellent.

Source: PwC and Urban Land Institute, “Emerging Trends in Real Estate, Europe 2019”


Main Street: Top Retail Rents

With average rents of $2,671 psf per year, Hong Kong’s Causeway Bay is the most expensive retail street in the world. New York tops the U.S. market.

Source:  Cushman & Wakefield, “Main Streets Across the World 2018”


Global Markets to Watch

The top technology-occupier locations in Asia are  Bangalore, India; Singapore; and Shenzhen, China, based on socioeconomic, property, and human factors, says Colliers International’s “Top Occupier Locations in Asia–Implications for Investors.” Colliers noted annual rent growth of 4 percent in Bangalore over five to 10 years and greater attention to South China, where investment in research and development has boosted Shenzhen’s tech base.

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CIRE March/April 2019 Issue Cover


Worldview: Brazil

Fall 2021

The effects of the COVID-19 pandemic continue to produce chaos in global economies in 2021. Brazil suffered a sharp contraction in gross domestic product in 1Q2021 of 1.5 percent, with unemployment inching upward to 12.9 percent in May.

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The View from Abroad

Winter 2021

Maggie Coleman, managing partner with BFIN, where she leads the Private Capital Authority real estate platform, discusses how the U.S. economy, battered by COVID-19, is still the gold standard when it comes to stability — something that is important to foreign capital in need of safe harbor.

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Worldview: Canada

Winter 2021

The new year is looking up for the Canadian commercial real estate market, with a 14.6 percent quarter-over-quarter increase in 3Q2020.

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Worldview: United Kingdom

Fall 2020

Like so many global markets, the United Kingdom’s commercial real estate market is feeling the effects of the COVID-19 pandemic, with $17.9 billion in CRE investment for the first half of 2020,

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