BR Properties SA will sell majority of its industrial properties to Global Logistics Properties Limited.
The company is in talks to add hotels in Rio de Janeiro and Brasilia. A second site in Sao Paulo could come later.
The Canada Pension Plan Investment Board is forming a partnership with Banco BTG Pactual S.A. to invest in Brazil residential development. CPPIB has committed US$240 million for a 40 percent interest in the venture.
Wal-Mart is closing more than 50 underperforming stores in Brazil and China, in the latest sign the world's largest retailer is reworking its international strategy. Wal-Mart announced this week it will decrease its projected international capital investments in 2014.
Asking rents for offices in Caracas, Venezuela have skyrocketed, increasing 80 percent during the first half of the year
The hotel industry in Brazil is expected to show continued growth in the next year, after reporting eight consecutive years of sustained increases in revenue, according to a new report. Brazilian hotels are still favored by investors.
Mortgage rates in Brazil are at two-year low, while mortgage lending has increased as banks look to profit from a secure mortgage business. Itau Unibanco Holding SA and Banco Bradesco SA have each increased their home-loan portfolio by 32 percent.
Canada-based Brookfield Asset Management has raised a $4.4 billion fund to buy global commercial real estate, with a focus on North America, Europe, Brazil and Australia. Canada's biggest alternative assets manager surpassed it $3.5 billion goal for the fund.
The volume of homes purchased by international buyers dropped 17.3 percent last year, as global economies wavered and shoppers focused on low-cost properties, according to the latest study by the National Association of Realtors.
Hyatt will work with developer FSA Group to develop nine hotels in Brazil under the Hyatt Place brand, the hotel chain announced today. The hotels will range from 150 to 200 rooms and will be located in urban, suburban and airport locations, the chain said.
Blackstone Group has reached a $1 billion deal to take a controlling stake in Brazilian homebuilder Gafisa's high-end residential subsidiary. The New York-based investment firm will be a majority partner in Alphaville Urbanismo.
Paladin Realty Latin America Investors IV has invested $60 million in a partnership to build 2,400 affordable homes in Brazil. The joint venture with Constructora Altana, a residential real estate developer, will initially focus on metropolitan São Paulo, Brazil.
Starwood Hotels & Resorts Worldwide, Inc. today announced plans for a 50 percent expansion in Latin America during the next five years, as it looks to benefits from one of the world's fastest growing vacation and leisure markets.
South American real estate markets are attracting big-name American investors, with Brazil gaining the most attention. The Related Group, Donald Trump and Sam Zell are among the real estate investors looking to build residential housing and commercial space.
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