Research | Aug 7, 2020
The Dodge Momentum Index, a monthly measure of the initial report for nonresidential building projects in planning, issued by Dodge Data & Analytics, bumped up 3.4 percent in July from 124.7 from from the revised June reading of 120.5.
Research | Aug 7, 2020
U.S. hotel occupancy declined 34.5 percent year-over-year to 48.9 percent during the week of July 26 to Aug. 1. Average daily rate (ADR) fell 25.3 percent to $100.04 and revenue per available room (RevPAR) dropped 51.1 percent to $48.96.
Investors | Aug 7, 2020
The Teachers’ Retirement System (TRS) of Oklahoma has decided to suspend its current selection of finalists for its open-end noncore real estate RFP until later in the year, according to a report from the system’s July 22 board meeting.
Transactions | Aug 7, 2020
The Vietnamese government has approved the $9.3 billion Can Gio Tourist City project, a residential and tourism development, located in the Can Gio Mangrove Biosphere Reserve, the country’s largest and most populous area, which is currently occupied by 13 million residents.
Research | Aug 7, 2020
Prime residential city markets around the world tend to prove more resilient than the wider mainstream market, although much still depends on the economic situation, which is only now materializing in a lot of cities, according to Savills.
Investors | Aug 7, 2020
The $51.2 billion Teachers’ Retirement System of the State of Illinois (ITRS) said on Aug. 6 that it unanimously voted to place executive director Richard Ingram on administrative leave due to performance issues covered by his employment contract.
Transactions | Aug 7, 2020
Dutch pensions manager APG said Thursday that it has agreed to purchase U.K. real estate company Hammerson’s remaining 50 percent stake in their joint venture investment fund VIA Outlets for €301 million ($356 million), giving APG a majority stake.
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