Westfield has decided to surrender the nine-story San Francisco Centre mall to its lenders, according to The Real Deal, which reports that the firm—owned by Paris-based Unibail-Rodamco-Westfield and its partner, New York-based Brookfield Properties—will cease making payments on a $558 … Continue reading →
Deal flow in Australia’s commercial property market fell by 24 per cent year-over-year to $16.4 billion, according to The Australian Financial Review. Third quarter office building investments dropped by 10 percent from a year ago to $7.9 billion and in … Continue reading →
In an effort to stanch the rising cost of housing and cool pressure on existing infrastructure, New Zealand’s new coalition government intends to cut immigration and ban non-resident foreign buyers from purchasing existing homes in the country. According to the
Continue reading →Australian brick-and-mortar retail continues to shift toward food and services. Spending at cafes and restaurants increased by 5.5 percent year-over-year while spending on apparel and accessories rose by only 1.7 percent with department store sales decreasing by one percent, according … Continue reading →
Sydney-based Westfield Group is negotiating to sell seven of its U.S. shopping malls to Starwood Capital Group for over $1 billion, according to The Wall Street Journal. In 2012, Starwood acquired a 90 percent stake in seven other malls from … Continue reading →
The State Oil Fund of Azerbaijan (SOFAZ) plans to invest in Australia’s commercial real estate market, according to The Wall Street Journal. Up to five percent of the organization’s investment portfolio may be allocated to investment in Many males have … Continue reading →
Bloomberg Businessweek reports that BOS International of Lloyds Banking Group Plc is selling its distressed loans with the intention of leaving the commercial property market. The distressed loans are worth $2.2billion (A$2.1 billion) at face value. The sale will take several … Continue reading →