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Vietnam's Property Sector Attracts $1.98 Billion of FDI So Far in 2024, up 70% Year-on-Year
Vietnam attracted $1.98 billion in foreign direct investment (FDI) in its property sector in the first five months of 2024, a 70% increase y
May 29, 2024


Weekly Roundup | 05.28.2024
Our pick of headlines this week impacting commercial real estate in the emerging markets.
May 27, 2024


Bankenveld District City Development in Johannesburg Clears Key Hurdle with Land Purchase Approval
A major real estate project in the northern suburbs of Johannesburg, named the Bankenveld District City, has recently received...
May 24, 2024


Washington DC Property Sells at Stunning 83% Discount to Assessed Value of $225.7 Million
Gallery Place, a prominent mixed-use development in Washington, D.C.'s Chinatown neighborhood, is set to be purchased for $39 million, repre
May 23, 2024


Phoenix's Westin Hotel Faces Foreclosure Just Two Years After Opening
Phoenix's Westin Hotel Faces Foreclosure Just Two Years After Opening
May 23, 2024


PIMCO's $3.9 Billion Office Acquisition Leads to $1.7 Billion Loan Default and $700 Million Haircut
PIMCO's $1.7 billion office loan tied to a 5.5 million sf portfolio across four U.S. cities defaulted in February 2023. The lenders, Goldman
May 23, 2024


South Africa's Power Issues Help Drive Microsoft's $1 Billion Data Center Investment in Kenya
Microsoft and G42 are investing $1 billion in Kenya's digital infrastructure, marking the largest private-sector digital investment in the c
May 23, 2024


Chicago Building Sells For 90% Discount From $27 Million Purchase Price 11 Years Ago
Chicago office real estate faces severe challenges. A 10-story building at 216 W. Jackson Blvd, bought for $22.3M in 2013, was recently sold
May 21, 2024


Weekly Roundup | 05.21.2024
Our pick of headlines this week impacting commercial real estate in the emerging markets.
May 21, 2024


Zambia Joins $150B Sukuk Market with Eden Villas' $3 Million Real Estate Issuance
Zambian developer Eden Villas Properties is set to issue the country's inaugural Sukuk, aiming to raise $3 million. Sukuk, or Islamic bonds,
May 20, 2024


Luxury Home Sales Plunge 50% in Singapore So Far in 2024
Singapore's luxury home sales have plunged by 50% in the first quarter of 2024, significantly impacted by cooling measures, increased intere
May 20, 2024


Milei’s Historic “Pacto de Mayo” to Revive Argentina’s Economy and Real Estate Market
In a historic move, Argentina's President Javier Milei is set to sign the "Pacto de Mayo" on May 25, a significant date in the country's his
May 20, 2024


Mexico's Labor Woes and Lack of Investment Hamper Toyota's North American Production
A recent report by Reuters indicated that Toyota halted production for 19 days in February and March at one of its Mexican production facili
May 20, 2024


The Global Tremors From China’s Real Estate Crisis Are Only Just Starting
Chinese investors are selling real estate assets globally to raise cash amidst a deepening property crisis at home, potentially revealing th
May 18, 2024


Purina Boosting Investment in Guanajuato Adding 94 Jobs to 600 Already Employed in Mexican Facility
Nestlé Purina invests $221M in Mexico, its top Latin American market, expanding its pet food plant in Silao to become the largest in the reg
May 18, 2024


China's BYD Postpones Chile Lithium Ambitions as U.S.'s Albemarle Gets 240,000 Metric Tons Lithium Quota Boost
Chile's CORFO has agreed to increase Albemarle's lithium production quota by 240,000 metric tons of lithium metal equivalent (LME), nearly 5
May 17, 2024


Lululemon Mexico Acquired By Vancouver-Based Parent
Lululemon Athletica is acquiring its franchisee, Lululemon Mexico, which operates 15 stores since entering Mexico in 2017. Despite alleged s
May 17, 2024


Coworking Works in Africa According to AfricaWorks Founder
AfricaWorks, a leading coworking space provider, operates in eight African cities and is set to launch in Johannesburg, further contributing
May 16, 2024


With China’s Property Market Struggling, India, Korea and Vietnam Are Hot
China's commercial property market is slumping due to a combination of companies pursuing a "China-plus-one" strategy to mitigate geopolitic
May 15, 2024


Weekly Roundup | 05.14.2024
Our pick of headlines this week impacting commercial real estate in the emerging markets.
May 13, 2024
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