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Real Estate

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Mercedes
Real Estate

Mercedes-Benz Join Forces with Binghatti Properties to Venture into Real Estate

Mercedes-Benz, on Thursday, launched its new real estate project Mercedes Benz Places | Binghatti in collaboration with Binghatti Properties, property developer, with an aim to integrate automotive and architecture. The firm said, Benz Places | Binghatti poise 65-storey residential tower that will deliver a holistic, connected, and desirable luxury living experience. Additionally, the firm said, […]

R Swathi1 min read
S&P Global Ratings
Real Estate

S&P Global Ratings forecasts US Mortgage, Housing Landscape

The United States’ housing market has been passive over the past few years due to rising interest as well as persistently high levels of inflation. S&P Global Ratings, said despite its restrains, the credit rating agency expects mortgage origination and securitization activity to rise year over year in 2024 as the economy begins to normalize. […]

Anne Florentyna2 min read
Savills
Real Estate

Savills Plans to Expand in Middle East Residential Division

Real estate advisor Savills, on Thursday, planned for a strategic and large-scale expansion of its regional residential team in the Middle East that will see its agency division expand to over 100 property consultants this year. The company said this initiative is in response to the growth in activity across the region, particularly within the […]

Matilda Denson2 min read
Tree
Real Estate

Banyan Tree Group Rebrands to Banyan Group, Venture International Market

Hospitality firm Banyan Tree Group, on Thursday, said it will rebrand its name to Banyan Group which encapsulates its subsidiaries to expand and venture into the international market. The firm said it is aiming to venture into new geographical locations this year including 19 new properties and residences in Cambodia, China, Japan, South Korea, Vietnam […]

R Swathi1 min read
Breakthrough Properties
Real Estate

Breakthrough Properties Acquires Interest in Callan Ridge

Real estate developer Breakthrough Properties acquired a majority interest in Callan Ridge, a two-building Class A life science campus nearing completion in San Diego’s preeminent Torrey Pines cluster, on Wednesday. The company said the 185,000-square-foot campus is fully leased to Bristol-Myers Squibb Company’s subsidiary Turning Point Therapeutics, in a collaboration of global developer Tishman Speyer and Bellco Capital, biotechnology investment firm, who […]

Matilda Denson1 min read
Pacaso
Real Estate

Pacaso Expands Its Real Estate Business into Paris

Real estate dealer, Pacaso said it will expand into the Paris market, making the company enter into the French real estate landscape, on Wednesday. The company said it marks the expansion into 40 global destinations in four countries namely France, Mexico, the United Kingdom, and the United States. “Our international success, particularly in places like […]

Matilda Denson1 min read
Brookwood
Real Estate

Brookwood Acquires Melbourne Shopping Center in Florida

Investment firm Brookwood Financial Partners LLC expanded its Florida portfolio with the acquisition of Melbourne Shopping Center in Melbourne, Florida on Monday. The company said the property has been a staple in the community since its construction in 1959, and in 2022, it underwent an extensive renovation while its space is currently 94.2% occupied. In […]

Matilda Denson1 min read
BGL
Real Estate

BGL Sells Subsidiary Medical Estate to TM Medical Properties

Investment bank Brown Gibbons Lang & Co (BGL) sold its subsidiary Dermatology & Skin Surgery Center of North Carolina on Monday, to medical real estate acquiring firm TM Medical Properties LLC. Asheboro-based Dermatology & Skin Surgery Center of North Carolina property is about 6,746 rentable square feet, said the firm. Additionally, BGL’s healthcare real estate […]

R Swathi1 min read
Martela
Real Estate

Martela Group to Downsize Operations Size by About 6%

Architecture and planning company Martela Group, on Wednesday, said it will lay off about 6% of jobs to restructure its work operations due to challenging market situations leading to weakening its business volume and profitability. The firm said this planned action aims to improve the service experience of Martela’s customers as well as to mitigate […]

R Swathi1 min read
IWBI
Real Estate

IWBI Join Forces with GRESB to Accelerate Social Sustainability

The real estate firm International WELL Building Institute (IWBI) collaborated with sustainability firm in real estate and infrastructure GRESB on Tuesday, to accelerate social sustainability by improving reporting and disclosure capabilities across key social factors, including health, equity and well-being. The firm said the newly built partnership aims to develop resources to help investors, companies […]

R Swathi1 min read
Real Estate

TPG Acquires Oxford’s Majority Toronto Industrial Portfolio for 1 Bln CAD

Global alternative asset firm TPG and real estate investing firm Oxford Properties Group partnered on Monday when TPG acquired a 75% interest in Oxford’s two Class-A industrial business parks, Brampton Business Park and Vaughan Business Park, for approximately 1 billion Canadian dollars ($746.7 million). Oxford said the properties are accessible by several highways and close […]

Matilda Denson1 min read