Top 10 Most Expensive Office Markets

CBRE has put out a report on global office rents. Not surprisingly, rents are falling in almost every major market, with significant cuts in some of the markets that had skyrocketed the most (e.g. Russia). The top 10 most expensive office markets are below. Rents are in USD/SF/Year.

London (West End) – $185 psf
Tokyo (Inner Central) [...]

Apple To Open 40 to 50 New Stores – More Than Half Internationally

Cupertino’s Apple Computer (AAPL: 224.12 0.00%) announced that it intends on opening 40-50 new stores next year. More than half of them will be international. It also intends to open up some as more significant flagship stores in prominent locations in London, Shanghai, and Paris.
It also recently just opened a new store in Manhattan. That [...]

Downturn Presents Once (or Twice) In A Lifetime Opportunities

HSBC is working on deals to sell three prized possessions, office assets on New York’s Fifth Avenue, Paris’ Champs Elysees, and London’s Canary Wharf. The assets are being marketed by CBRE as sale-leasebacks, and present the rare opportunity to acquire some of the world’s prized real estate, at a cost of course. The sale is [...]

Mountain View, France?

The French have selected Mountain View as one of the cities to inspire eco-friendly towns of the future. An article in the Mountain View Voice indicates that French official Jacques Attali has selected Mountain View as one of five cities representing the best role models in the world for this vision.
What is the vision?, eco-friendly [...]