International

The fund will target assets in the United Kingdom and in major Western European markets.

The number of terminated contract deals as a percentage of closed transactions has risen from 2.1% in April to 2.9% in May—seven times the average percentage of deals falling through between 2015 and 2019.

The now publicly-traded company's network comprises more than 1000 agents throughout the US.

On its heels were Brookfield Asset Management, PGIM Real Estate, Nuveen and Hines, according to a survey published by ANREV, INREV and NCREIF.

The fund secured total equity of $878.5 million that breaks down to $362.5 million in investment and two co-investment commitments, one for $150 million and another for $366 million.

The new, class-A office property was acquired from Thor Equities. Cushman & Wakefield arranged the transaction.

Data and analytics firm GlobalData also has forecast a 6.6% fall in construction output for North America this year, which is equivalent to a drop of $122.4 billion in projects.

JLL report says that the Asis-Pacific region among eight in the world showed the largest decline in investment during the first quarter, compared to last year, in correction with the spread of the coronavirus.