Yum! Brands’ Chinese spin-off, Yum China began trading on the New York Stock Exchange today at $24.51/share. Yum! Brands is the parent company of KFC, Pizza Hut and Taco Bell. With about 7,200 restaurants and $6.9 billion in revenue, Yum … Continue reading →
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Continue reading →Japan-based Unizo Holdings Co. Ltd. recently acquired The Executive Building, a 332,022sf, class A office building located at 1030 15th Street NW for $228 million ($686.70/sf). Completed in 2008, the 12-story, LEED Gold property is 93 percent leased. Tenants include … Continue reading →
The UK’s 900 billion pound commercial property market is seeing some mixed results post-Brexit. Average commercial property values are down about 3.5 percent since the June 23 vote and YTD returns tracked by the IPD index are trending below zero. … Continue reading →
Skanska USA Commercial Development has started work on a $112 million, LEED Gold residential building which it calls “Resa”. The 12-story, 326-unit luxury building will have 10,000sf of amenity space and 7,000sf of street-level retail. The project is located at … Continue reading →
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Zimbabwe is considering the adoption of the South African Rand (ZAR) as its main transaction currency to replace the U.S. dollar in the country’s multi-currency system, according to Forbes. Zimbabwe has been primarily a U.S. dollar-based economy since 2008 when … Continue reading →