CRE Herald team wish you a happy new year and all the best for 2020. CRE Herald presents 10 most popular commercial real estate posts of 2019.
Click each headline to go to the post;
10- WeWork launches $2.9bn real estate investment platform
The We Company, WeWork’s parent firm, has launched ARK, its a new $2.9 billion global real estate acquisition and management platform.
9- Cap rates for CRE assets stable in H1 2019, says CBRE
An advantageous balance of moderate growth, low inflation, and falling long-term interest rates in the U.S. kept capitalization rates (cap rates) for commercial real estate assets broadly stable in the first half of 2019, according to the latest research from global property advisor CBRE.
8- Which capital markets will lead in 2030?
The survey asked nearly 400 executives at companies from across the globe for their views on the factors that are defining the development of global equity capital markets.
7- Lendlease signs $15bn deal to develop Google’s Bay Area projects
Lendlease, a global property and infrastructure group, headquartered in Sydney and listed on the Australian Securities Exchange, has signed a deal worth US$15 billion (approx. AUD$20 billion) with Google to develop a new mixed-use neighbourhoods in the San Francisco Bay Area in California.
6- JLL to purchase HFF for $2 billion
Jones Lang LaSalle Incorporated announced that it has entered into a definitive agreement to acquire all the outstanding shares of HFF ,in a cash and stock transaction with an equity value of approximately $2 billion.
5- New York’s Hudson Yards officially opens
Hudson Yards, New York’s newest neighborhood officially opened to the public, marking a historic moment for the City of New York. More than 1,000 people joined in the commemoration of Manhattan’s newest destination.
4- World’s most expensive cities for expat rental costs
According to the latest research published by ECA International, Hong Kong is still the most expensive location in the world for expat rentals with average monthly costs of USD 10,929. Rental prices increased by 4.9% from last year.
3- The world’s 10 most and least liveable cities for 2019
Vienna is the most liveable city in the world, just ahead of Melbourne, according to a new report, the Global Liveability Index 2019, by The Economist Intelligence Unit.
2- ‘Salt Bae’ buys a hotel in Istanbul
The steakhouse chain’s owner Nusret Gokce (Salt Bae) who gained worldwide fame with his
salt-sprinkling move ‘Saltbae’, has purchased the Park Hyatt Istanbul Nisantasi hotel from the Turkish firm Dogus Group for EUR 50 million.
1- World’s richest real estate tycoons
There are 239 real estate billionaires in the world and most of them are from China with 58 percent, from USA with 11 percent and from UK with 7 percent.
