Asia Pacific hotel investments are projected to reach $12.2 billion in 2024, driven by increased investment activity, a favorable interest rate environment, and positive macro and microeconomic trends.
Michael Gerrity, founder of Miami-based World Property Ventures (WPV), has announced that WPV's wholly-owned subsidiary, World Property Markets, is soon launching a significant $350 million joint-venture funding round with multiple industry partners later this quarter.
Real estate consulting firm JLL predicts a significant increase in data-dependent technologies like the Internet of Things (IoT) and generative artificial intelligence (AI) will drive the need for robust IT infrastructure, particularly in the form of edge data centers.
A new report from CBRE reveals that ongoing power shortages are creating opportunities for development in emerging global data center markets and driving up rents in established markets worldwide.