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1500 employees in 31 markets
$85
billion
in assets
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More than €50 billion of equity
capital is targeting European commercial real estate today, according
to Jones Lang LaSalle, yet investment sales activity is still
sluggish, and buyers continue to find it difficult to obtain debt
financing.
Institutions and third-party money
managers, opportunity funds, sovereign wealth funds and German
open-ended funds are looking for opportunities to enter the market.
As the year progresses, experts expect investment activity to heat
up, with these opportunistic investors acquiring quality assets at
higher yields from distressed sellers.
Read Article
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Auctioneers have a saying that when
times are good, the auction business is good too, but when times are
bad, the auction business is great. And, as more commercial property
owners are struggling to deal with under-performing assets or
upcoming debt maturities in a frozen debt market, auction experts
expect the auction business, also known as accelerated marketing,
to be quite busy in the coming months.
“Delinquencies are on the rise, and
with an estimated $400 billion dollars of commercial real estate
loans coming due in 2009, we believe there is an urgent need for
nontraditional marketing approaches,” says Jeffrey Finn, president
& CEO of NAI Global.
Read Article
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The volume of U.S. hotel transactions
dropped nearly 80 percent in 2008, yet it still exceed volumes
realized from 2001 to 2003, according to a recent report from Jones
Lang LaSalle Hotels. The firm says transaction volume this year will
likely exceed 2008's dismal numbers as as owners face more
distress due to cash flow shortfalls or as loans reach maturity.
More...
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London has lost its status as the
world’s most expensive office location for the first time in nine
years. Hong Kong and Tokyo are now the world’s two most expensive
locations, relegating London to third place, according to the "Office
Space across the World 2009" report from global real estate
advisor Cushman & Wakefield, The cost of occupying a prime square
meter of office per year in Hong Kong now stands at €1,743.
More ...
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