Chinese insurance company, Anbang Insurance Group, buys Hilton's New York luxury flagship hotel the Waldorf Astoria for USD1.95bn.

London's West End unseated Hong Kong-Central as the world's highest-priced office market, but Asia continued to dominate the world's most expensive office locations, accounting for four of the top five markets.

Jones Lang LaSalle’s third quarter 2012 Global Office Index, released today, reveals a stable outlook for global prime office rental growth in 2013 with the majority of major markets expected to register single-digit rental growth.

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