By Erika Morphy
There were $341 billion in sales transactions in global real estate for the first half of this year, according to JLL. Among the most significant of these cross-border deals was Brookfield's $1.5 billion acquisition of a mixed-use commercial complex in Shanghai. It is a telling transaction not only for its size—it is one of the largest purchases by a foreign investor in China to date, according to JLL—but also because it so aptly illustrates the robust appetite global asset managers continue to have for real estate around the world and not just in the US. Read more.