E-commerce expansion driving global prime logistics
25/07/2017 , by in INTERNATIONAL

According to CBRE, U.S. industrial hubs posted the strongest growth in prime logistics rents for the past year, and Asian markets remained the world's most expensive as demand for top-quality warehouses and distribution centers continued to outpace supply globally. CBRE's second-annual Global Indus... Read more...

China’s Wanda rejigs $9 million deal
Jul 2017 , by in INTERNATIONAL

Dalian Wanda Group’s abrupt reworking of a $9 billion property sale was messy until minutes before a high-profile announcement, as all sides scrambled to simplify payment -underscoring Beijing’s concerns over creative lending and ambitious deals. Wanda, led by one of China’s richest men, Wang... Read more...

Manhattan office market softens
Jul 2017 , by in INTERNATIONAL

A softer Manhattan real estate market can be seen in office rents, the dollar volume and number of buildings sold, while a large Chinese buying presence so far in 2017 is likely to taper off later this year, brokerage Cushman & Wakefield said on Thursday. The dollar volume of buildings sold in ... Read more...

US mortgage rates move lower
Jul 2017 , by in INTERNATIONAL

According to Freddie Mac's latest Primary Mortgage Market Survey, the average U.S. mortgage rate dropped in mid-July, after two straight weeks of increases. Sean Becketti, chief economist at Freddie Mac, "Continued economic uncertainty and weak inflation data pushed rates lower this week. The 10-ye... Read more...

US homebuilding hits four month high
Jul 2017 , by in INTERNATIONAL

U.S. homebuilding surged to a four-month high in June, but construction activity remains constrained by rising lumber prices and labor and land shortages. June's better-than-expected increase in housing starts ended three straight months of declines, offering hope that investment in homebuilding wa... Read more...

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