Futureal Group has exited its €19m mezzanine financing provided to Caelum Development for the development of ParkLake shopping centre in Bucharest, Romania.
All those dollar stores really add up.
The founding family of Goodlettsville-based Dollar General Corp. is selling a Colorado estate that combines entertainment and business for $12.9 million. It's located in Parker, Colorado, just southeast of Denver.
Real estate company Czech Property Investments, which is a subsidiary of CPI Property Group, controlled by billionaire Radovan Vítek, will pay all its bonds at the end of November. Creditors will pay approximately CZK 8.5 billion.
The business catering service ezCater will lease all 100,000 square feet of space that WeWork is scheduled to open early next year at 40 Water St. in downtown Boston, with room for up to 750 employees on four floors.
Silicon Valley's office and R & D sectors has more than 1.9 million square feet (msf) of positive net absorption. Julie Leiker, Cushman & Wakefield's Market Director for Silicon Valley, said "In contrast, despite the strong occupancy effort in the R&D sector during the third quarter, the negative hangover felt from the first two quarters still leaves year-to-date R&D net absorption at negative 203,000 sf, although it is trending in the stronger direction,"
With GDP growth of 2.6 percent predicted for 2014 the Czech Republic is successfully recovering from the market downturn of the last two to three years with a substantial pipeline in the Prague office market, although concerns have been expressed with regard to rising vacancy. Take up in the industrial sector is increasing across the country as leading developers are opting for a more cautious built-to-suit development model. A new benchmark in investment volume is predicted as the upward trend is expected to continue with office transactions in Prague and retail and industrial deals across the country anticipated. Concerns have been expressed with regard to the limited supply of investment grade product to meet growing investor demand.
For the first quarter of 2014, results of the RICS Global Commercial Property Monitor shows positive sentiment of investors and occupiers across all sectors although recent economic data records only a fragile improvement of the main economic factors. Capital values are expected to grow, with the industrial sector indicating the highest Net Balance of 40% followed by the office (30%) and retail sectors (20%) respectively.
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