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International Beat 

Russia's Big Deal More proof that a well located retail center can always command top dollar A Morgan Stanley real estate fund has agreed to buy the largest mall in St. Petersburg, Russia, for $1.1 billion, from Meridian Capital, according

Market Trends 

Briefly Noted Hospitality — "The gates are opening for eager private equity and institutional buyers to take calculated risks in primary and secondary markets, says Arthur Adler, managing director and CEO Americas for Jones Lang LaSalle Hotels. He adds that

Regional Outlook 

West California's Big Deal The state of California accounted for 29 or close to a quarter of 2011's top single asset hotel deals, including the $137 million sale of the Mondrian Los Angeles, which was the second highest U.S. price