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Market Trends 

Urban World to Change the Future What is old is new again as the world shifts its focus once more toward urban centers, according to the McKinsey Global Institute. Three demographic groups are set to generate 50 percent of all global urban consumption growth through 2030. Foremost is the retiring and

Regional Outlook 

Mid-Atlantic New York City's Big Deal An affiliate of the Hyatt Hotels has sold the Andaz Fifth Avenue New York Hotel in Midtown Manhattan to Takenaka Corp., a Japanese architecture, engineering, and construction company with capital estimated at 50 billion yen, for $215.2 million - one of the largest

International Beat 

India's Big Deal Office space absorption in India's major cities rose at the blistering pace of 46 percent, or 10.2 msf, from April to June 2016. New Delhi and Bangalore accounted for almost 50 percent of the office space, according to CBRE. Despite a muted global economy, India continues to be a preferre