Global CRE Investment

The sale is part of an initiative announced by Taubman in February to sell its 50% interest in three Asian shopping centers—Starfield Hamam, CityOn.Xi'an (Xi'an, China) and the CityOn.Zhengzhou (Zhengzhou, China).

The largest deal was with Mumbai-based information technology firm Tata Consultancy Services, which will expand its workforce by approximately 700 jobs, bringing its New Jersey workforce to roughly 4,700 employees.

Cboe, one of the world's largest exchange holding companies, also plans to build a new trading floor and office space at 141 W. Jackson Blvd. totaling another 40,000 square feet and have operations begin there in 2021.

Since 2010, Amazon has invested more than $4.4 billion in the State of Illinois, including building customer fulfillment and cloud infrastructure, research facilities and compensation to employees.

Avison Young notes that the top industrial markets expected to continue to perform well into 2020 will be: California's Inland Empire, Dallas, New Jersey/New York City, Seattle, Chicago, and Miami, among others.

Los Angeles is the second metro in the US for inbound capital flows, while the Inland Empire is the fastest growing for foreign investment.

Angelo Gordon's most recent Asia real estate fund, AG Asia Realty Fund IV, will target value-add and development opportunities.

Cargo volumes were down again in August, but activity still ranked in the top months in the port's history.