Regions International
JV to Develop Industrial Projects in Brazil
Aug 6, 2008
Cyrela Commercial Properties S.A. Empreendimentos e Participacoes entered into a strategic alliance agreement with AMB Property Corp. to develop projects in Brazil's industrial segment.
Recent International Headlines
W.P. Carey Closes $58M Sale-Leaseback in Germany
Aug. 20, 2008
New York City-headquartered W.P. Carey, acting through its publicly held non-traded REITs CPA(R):15 and CPA(R):17 - Global, has completed a sale-leaseback transaction in Germany with U.K.-based automotive supplier Wagon Plc.
Olympic Village in Beijing Earns LEED Gold Certification
Aug. 18, 2008
The plan for the Olympic Village in Beijing, the temporary home to 17,000 athletes from around the world, has been awarded LEED-Gold certification by the U.S. Green Building Council under its pilot LEED for Neighborhood Development certification program.
Work Gets Underway on $150M Wellness Resort in Mexico
Aug. 15, 2008
Construction has commenced on Taheima Wellness Resort & Spa, a project in Nuevo Vallarta, Mexico, spearheaded by Whole In One Nuevo Vallarta S.A. de C.V. To be developed at a cost of $150 million, the upscale condo-hotel will ultimately feature 400 units. Whole In One is targeting the baby boomer set in North America and South America, highlighting the property's wellness-centric attributes.
PMI to Sell Australian Operations to QBE Insurance for $920M
Aug. 15, 2008
Just one week after stating its Australian operations were delivering solid results, The PMI Group, a mortgage insurance company, announced today it has agreed to sell its Australian subsidiary and related holding company to QBE Insurance Group for approximately $920 million. The two companies also reached an agreement in principle for the sale of Hong Kong-based PMI Asia to QBE, Australia’s largest international general insurance and reinsurance group, for about $55 million.
|
