Denver area retail asset changed hand
Denver based Gart Properties LLC has enhanced its sizeable footprint in its home state with the acquisition of Orchard Plaza that is a 155,000 square foot retail and service center…
Rixos to relaunch Hurghada resort in 2020
Rixos Hotels that is part of the Accor portfolio, has announced plans to relaunch the Rixos Makadi Bay-Hurghada, Egypt in 2020. The project will eventually expand the existing property on…
Aldar Properties revenue rises to $ 931 million
Abu Dhabi based property developer Aldar Properties, has reported a 15 percent year on year increase in revenue to Dh3.42 billion in the first half of 2019. Aldar Properties said…
Invesco Real Estate sells prime office complex in Prague
Invesco Real Estate has sold Andel City which is a six story office building in the heart of Prague’s Andel district. The modern, Class A building includes 3,900 square metre…
pbb provides €110m for Frankfurt residential tower
pbb has provided €110 million to Belgian company Immobel for the construction of the EDEN residential tower in Frankfurt’s Europaviertel. The scheme is the second project financed by pbb in…
San Diego Office Campus renovation works completed
Kilroy Realty Corp. has finalized renovations of the 450,000 square foot Kilroy Sabre Springs in San Diego. The project involve improvements to 30,000 square feet of lobbies, restrooms, as well…
Nakash JV Buys Nashville Hotel for $102M
A joint venture between Nakash Holdings has bought the Hampton Inn & Suites Downtown Nashville for $101.5 million. The seller was a partnership between The LCP Group and SEDCO Capital….
UAE initiative approves $136m in housing assistance
The UAE’s Sheikh Zayed Housing Programme approved on Wednesday 609 housing assistance applications for Emirati citizens from around the country, valued at Dh500 million. The approval of the applications is…
Saudi KAEC launches astounding summer residential project
As part of the Turquoise World summer season and in line with the strategy to enhance the quality of life on its stunning beaches, King Abdullah Economic City (KAEC) announced…
New communities in Dubai will see more rental demand
Real estate surveys show that residential rents in Dubai across categories continued to decline on the back of softer and pressure caused by upcoming supply. Analysts at Kamco Research said…