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Ken Sakuramoto joins JLL from Eastdil Secured
Global property consultancy JLL made a pair of leadership appointments in Asia in the past week, looking outward to hire Ken Sakuramoto as head of equity advisory for Japan and Radha Dhir as chief executive for India.
Based in Tokyo, Sakuramoto will take charge of expanding JLL’s international capital coverage, both inbound and outbound, and further developing the agency’s corporate finance capabilities in Japan. He comes to JLL from Eastdil Secured, a real estate investment bank, where he was managing director and head of Japan.
Sakuramoto’s primary focus will be major international and institutional client coverage for Japan, JLL said in a press release issued on 21 January. He will serve as part of JLL’s global and regional client programme and provide coverage to all international investors investing in or actively looking to invest in Japan, advising on local market practices, corporate structuring an
Vornado’s Steven Roth and 1605 Broadway (Google Maps)
In another sign of the toll the pandemic has taken on New York City’s hospitality sector, the $195 million mortgage on Vornado’s Times Square hotel is being sold at a major discount.
Andrew Penson, the former owner of Grand Central Terminal, is buying the senior mortgage on the 795-room Crowne Plaza Times Square for about $90 million, sources familiar with the sale told
The Real Deal.
That’s roughly 50 percent off the face value of the loan that Deutsche Bank, Morgan Stanley and ICBC provided Vornado to refinance the property at 1605 Broadway back in 2018.
Southeastern Grocers: More than 40 enhanced stores in 2020
US: Food and beverage sales decline in November
Retail sales declined 1.1% in November compared to the previous month, according to the latest figures from the U.S. Census Bureau - though sales increased 4.1% year over year. Food and beverage sales decreased 17.2% in November compared to the previous month in 2019, however.
US: Instacart connects Cardenas with customers
Cardenas Markets is keeping up with the demand for online grocery by partnering with Instacart to provide its customers a convenient way to shop. Instacart’s delivery service for the Hispanic grocery chain will be available in Las Vegas, as well as the following communities in California: Calexico, Cathedral City, Coachella, Colton, Corona, East Palo Alto, El Centro, Fontana, Gilroy, Hayward, Hesperia, Indio, Lake Elsinore, Merced, Modesto, Montclair, Moreno Valley, Murrieta, Oakland, Ontario, Perris, Pittsburg, Pomona, Rialto, Riverside, Salinas San Ber
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Tishman Speyer acquires the Carré Saint-Germain in the heart of Paris
December 18, 2020 GMT
PARIS, Dec. 18, 2020 /PRNewswire/ Tishman Speyer announced today that it has acquired the Carré Saint-Germain in central Paris, France, with its partner the Public Sector Pension Investment Board (PSP Investments). The Carré Saint-Germain was acquired from AXA IM – Real Assets acting on behalf of clients.
The iconic 13,800 sqm mixed-used property is located in the heart of Paris, on the prestigious Boulevard Saint-Germain. It is part of the historical Saint-Germain des Prés district and surrounded by the Seine river banks to the North and the Jardin du Luxembourg to the South.
Amazon has managed to double its reach in the Netherlands
Tesco completes sale of businesses in Thailand and Malaysia
Following the announcement on 9 December 2020, Tesco is pleased to announce that it has completed the sale of its businesses in Thailand and Malaysia to C.P. Retail Development Company Limited (CPRD), the acquiring entity in which Charoen Pokphand Group, CP All Public Company Limited and Charoen Pokphand Foods Public Limited are invested.
Esselunga ranks highest for consumer satisfaction in Italy
Esselunga has topped an Italian consumer survey on which supermarket offers the highest level of consumer satisfaction. In the survey, which was carried out in September by dunnhumby and boasted a sample size of 3,000 consumers, the Italian supermarket chain placed first in 5 out of 6 factors, followed by Conad, Coop and Eurospin, with participants hailing its price perception, product variety, positioning and range of targeted offers.