Abu Dhabi opens new bridge on Sheikh Khalifa highway
B17 Icad Bridge that will serve the ZonesCorp’s Rahayel City project and ICAD Industrial Area, spans a 70,000 square metre. It is valued at Dh60 million ($16.3 million). Abu Dhabi…
Emaar Hospitality Group unveils Vida Emirates Hills
Emaar Hospitality Group has unveiled Vida Emirates Hills. The new hotel is located in walking distance of Emirates Golf Club and Address Montgomerie, the two leading golf courses in Dubai.Guests…
QuadReal breaks ground on spec CentrePort project
QuadReal Property Group of Vancouver has just broken ground on a multimillion dollar development in the Northwest Business Park. Besides, the company signed up a single tenant. The space that…
Dubai house price declines by 14.5% in May 2019
Property Monitor, real estate data platform, has released its Dubai House Price Index for May 2019. The Dubai House Price Index is produced by Property Monitor and was developed in…
Armada Hoffler will acquire Thames Street Wharf
Armada Hoffler Properties will soon expand its footprint in Baltimore. The firm will acquire Thames Street Wharf, a trophy office tower along the waterfront in the city’s popular Harbor Point…
San Jose office property sold for $230m
DivcoWest and Rockpoint Group has sold 50 W.San Fernando St to Jay Paul Co. The LEED Certified property is a 353,527 square foot office asset in downtown San Jose, California….
45 social housing units in Oman to be built
H E Sheikh Saif bin Mohammed al Shabibi, Minister of Housing signed an agreement with a private sector institution to build 45 residential units in Juweira area in Jalaan Bani…
Egypt will invest $12mln to finalise industrial complexes
Amr Nassar, Egyptian trade minister, stated that the government would allocate EGP 200 million to install utilities required for the planned industrial complexes. The minister added that the finance required…
San Diego Area shopping center sold
Sterling Organization has bought Poway Crossing which is a 109,455 square foot community shopping center. The acquisition took place on behalf of Sterling Organization’s institutional Value-Add Fund, Sterling Values Add…
Seattle office portfolio receives $135m refinance
3650 REIT has originated a $135 million 10-year loan to refinance Martin Selig Real Estate’s three asset office portfolio in Seattle. All three properties are situated in Seattle’s Belltown neighborhood….