CBRE Global Picks Up Mellon Bank Center in L.A.

CBRE Global Investors purchased the Mellon Bank Center, a 701,535-square-foot office building at 400 S. Hope St. in downtown Los Angeles, from an investment entity listed as 400 S. Hope Street Associates. The price was not disclosed. Tishman Speyer acquired the asset for $ 245 million
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European Debt Crisis Impacting Global Home Price Index, Weakest Performance Since 2009 Says Knight Frank

According to Knight Frank’s latest Global House Price Index, worldwide home prices recorded their weakest annual performance since the depths of the recession in 2009, recording only 0.9% growth in the year to March 2012. Doubts over the Eurozone’s future, coupled with the
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Miami, London, Nairobi and Jakarta Buck Global Price Trend as Value of Prime Residential Property in World’s Key Cities Dip in Q1

South Beach, Miami According to London-based real estate consulting firm Knight Frank, the value of prime property in the world’s key cities fell by 0.4% in the first quarter of 2012. This represents the index’s first quarterly fall since the depths of the global recession
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Hines Global Buys Fisher Plaza in Seattle for $160M

Hines Global buys Seattle’s Fisher Plaza in a $ 160 million deal. National Real Estate Investor
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GE to Open $1B Global Software Center in East SF Bay Area

GE has announced plans to open a Global Software Center to be headquartered at the 585-acre Bishop Ranch Business Park in San Ramon, CA. As described by GE, the new “nerve center” in the East San Francisco Bay Area for the company’s global software developers and eng
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Wall Street down 2 percent on global debt concerns (Reuters)

Reuters – U.S. stocks dropped about 2 percent on Monday, putting the S&P on track for its fourth straight day of losses as concerns about heavy debt loads both domestically and abroad added uncertainty to a troubled market. Yahoo! News: Business News
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Global Hotel Investors Remain Steady in Q3, Despite Economic Headwinds

According to STR Analytics’ Hotel Investors Gauge, debt and equity trends remained steady during the third quarter despite hiccups in the global marketplace. “Although the national and global economies seem to be on a rollercoaster ride of late, hotel investment continues
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Principal Financial Group Outsources Global Property Management to Jones Lang LaSalle

Principal Financial Group Outsources Global Property Management to Jones Lang LaSalle National Real Estate Investor
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