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International Beat 

Australia’s Big DealHouston based Hines Global REIT purchased its first Australian property in Brisbane an unassuming 158,682 sf, six story office building for $91.6 million. The attraction? It’s fully leased through 2021 as the headquarters of global engineering firm Ausenco.

Market Trends 

High Tech on a High Tear High tech job growth is fueling office absorption in more markets than expected, according to Jones Lang LaSalle. Access to talent is the No. 1 location driver, along with creative space requirements large open

Regional Outlook 

South Miami’s Big DealMiami’s hotel transaction volume rose 154 percent in 2011, according to Jones Lang LaSalle, the strongest deal volume since the peak year of 2005. Last year $557 million in hotel sales closed. The largest, at $130 million,