International

The New York City-based alternative investment firm reports the investment capital raised for its AG Europe Realty Fund II exceeds the fund's original $750-million target.

Foncière des Régions also reports it has selected InterContinential Hotels Group, based in Denham, Buckinghamshire, to rebrand and operate 13 of the newly acquired hotels via long-term, triple-net lease deals.

The Seattle-based mega online retailer has signed a lease for 430,000 square feet of office space at WS Development's and PSP Investments' 23-acre Boston Seaport development.

With global expansion and trade on the rise, commercial real estate markets are thriving and cross-border investment activity is at near-peak levels.

French companies have invested more than $7.2 billion and created in excess of 21,000 jobs in the city over the last 15 years. At present there are 180 French startups in New York City engaged in such sectors as advertising tech, artificial intelligence and retail.

The portfolio comprises four rental apartment properties—Bella Vista at Boca Del Mar, Centro at Davie, Stonybrook Apartments and Savannah Lakes—totaling 16.6 million rentable square feet and 1,616 units.

“In all candor, we see more opportunity in Asia for risk-adjusted returns than we do here,” says Philip Mintz with Apollo Global Management's US and Asia real estate equity business..

The merged company now has approximately $100 billion in assets under administration.