Just months after Canada fired its ambassador to China for questioning his country’s approach to the US-Huawei dispute, the North American country’s chosen replacement is facing questions of potential conflicts of interest surrounding his wife’s role as head of Blackrock… Read More>>
JP Morgan Selling 195 Broadway in NYC to Korean Investors for $500M
JP Morgan has reached an agreement to dispose of Manhattan’s landmark 195 Broadway to a consortium led by Korea Investment & Securities and Samsung SRA Asset Management for KRW 600 billion ($500 million), according to the Korea Economic Daily.
JP… Read More>>
WeWork’s Neumann Out as CEO After IPO Disaster
“Never settle,” is reportedly the first inspiring slogan to adorn the walls at WeWork, a company which CEO Adam Neumann, built into an empire spanning 111 cities.
Now the entrepreneur hailed as a visionary as the We Company prepared for… Read More>>
InfraRed NF Leads $64M Mezzanine Investment in Fullsun Projects
A consortium led by InfraRed NF has closed a $63.8 million round of mezzanine financing in support of projects being developed by Hong Kong-listed property developer Fullsun International, according to an announcement on Monday by the private equity real estate… Read More>>
Softbank Said Joining Board Mutiny Against WeWork CEO
After the parent company of WeWork failed in its attempt to launch an IPO this month and the startup’s valuation was reported to slide by as much as 75 percent, Japan’s Softbank is now reported to have joined a shareholder… Read More>>
92% Say WeWork Worth $15B or Less, No IPO Without Path to Profit Mingtiandi Survey Results
The aftermath of the decision one week ago by the We Company, the parent firm of WeWork, to postpone its initial public offering continues to be examined in the international press, in board rooms and coffee shops as markets sort… Read More>>
IWG Rolls Out “McDonald’s-Style” Regus, Spaces Franchises in Hong Kong
While WeWork’s IPO fiasco continues to shake the co-working universe, the world’s largest serviced office provider has announced that it has begun making available franchise opportunities under its Regus and Spaces brands in Hong Kong.
IWG, which started operating flexible… Read More>>
SEA Holdings Buys Office Block in HK’s Central After Reported 35% Price Reduction
Hong Kong-listed SEA Holdings has acquired the majority of a 24-storey office building in the city’s Central district for HK$780 million ($99.53 million), with the sale reportedly taking place after the owners agreed to drop the price by more than… Read More>>
OUE Sells Oakwood Apartments in SG to Far East Consortium-AMTD JV for S$289M
OUE has agreed to sell the hotel and serviced residence component of its OUE Downtown project, along with the associated business operations, to a pair of joint ventures between Far East Consortium and Hong Kong investment bank AMTD Group for… Read More>>
Colliers Boosts India Presence With Acquisition of Bangalore-Based Project Manager
Colliers International has acquired an eighty-percent controlling interest in Bangalore-based project management firm Synergy, with the management of the newly acquired firm set to take the helm of the real estate service provider’s India operation.
Through the acquisition, Toronto-headquartered Colliers… Read More>>
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