Newmark Arranges $89 Million Sale of EmblemHealth Hub Medical Office Building in Brooklyn to Vital Infrastructure Property Trust
•Newmark
Middle East CRE News
Commercial Real Estate News
Ares Management Acquires Rockville Self Storage From Washington Property Company, SecureSpace to Operate
•JLL
Crédit Agricole CIB Arranges US$2.325 Billion Green Loan for AirTrunk's JHB2 Data Centre in Johor Bahru
•Crédit Agricole CIB
AirTrunk Secures US$2.325B Green Financing From BNP Paribas, DBS, ING, Crédit Agricole CIB and Standard Chartered for JHB2 Data Centre in Johor Bahru
•AirTrunk
Prologis Presses SEGRO for Combination Talks as UK Takeover Deadline Looms
•Prologis
Aldar Development Unveils AED 6 Billion Yas Point Waterfront Destination on Yas Island
•Aldar Properties PJSC
Newmark Retail Arranges 9,932-SF K-Pop Company Flagship Lease at Union Square East Office Tower
•Newmark
FundraisingMixed UseOther
Arada Launches Arada Capital Fund Platform With $5 Billion AUM Target
Global master developer Arada has announced the launch of Arada Capital, a new funds management platform based in Abu Dhabi Global Market targeting $5 billion in assets under management within four years. The platform has received In-Principle Approval from the ADGM Financial Services Regulatory Authority and appointed Moustafa Fahour OAM as CEO and Managing Director.
•Arada
Development
W Hotels Opens First Saudi Arabia Property With 210-Room W Riyadh – KAFD
W Hotels, part of Marriott Bonvoy's portfolio, has opened W Riyadh – KAFD, marking the brand's first property in Saudi Arabia. The 210-room hotel is located in King Abdullah Financial District and features multiple dining venues, event space, and design elements rooted in Saudi cultural heritage.
•Hospitality
DevelopmentMixed UseHospitality+3
Aldar Properties PJSC Unveils AED 6 Billion Yas Point Waterfront Development on Yas Island
Aldar Properties PJSC has unveiled Yas Point, a AED 6 billion mixed-use waterfront development on the northern shore of Yas Island in Abu Dhabi. The approximately 600,000-square-meter masterplan will include 1,600 residences, a five-star resort hotel, branded residences, an international school, retail, and leisure facilities.
•Aldar Properties PJSC
LeasingOffice
Citigroup Center Signs Four New Tenants Including Darktrace, INCAE, Inc., Foundever and The Consulate of the United Arab Emirates, Totaling 18,000 SF
Citigroup Center, the 810,000-square-foot Class A office tower in Downtown Miami, has executed four new leasing agreements spanning approximately 18,000 square feet across professional services, government, higher education, and technology tenants. JLL's Steven Hurwitz and Doug Okun represent the landlord in the transactions.
•CP Group
More News
FundraisingHospitalityMultifamily+1
Invel Real Estate Closes Eudora Fund 2 Above Target at Over €400 Million
Invel Real Estate has closed its Invel Eudora Fund 2 at over €400 million in total capital commitments, surpassing its original €300 million target. The oversubscribed fund, focused on opportunistic investments in Italy and Greece, carries more than €1 billion in total firepower including leverage and co-investment capital.
•Invel Real Estate
Market Commentary
UAE Ranks as Top Real Estate Investment Destination in Global Survey Conducted by Arada
The UAE has ranked as the world's top real estate investment destination in a new global survey commissioned by Arada, with 56% of international investors expressing serious interest in the country's property market. The survey, which was conducted by US-based Penta Group between April 1 and April 23, polled 689 established property investors across 12 markets.
•Arada
DevelopmentSingle FamilyOther
Aldar Properties PJSC Sells Out Al Ghadeer Gardens at Launch, Generating More Than AED 1 Billion
Aldar Properties PJSC announced the full sell-out of Al Ghadeer Gardens at launch, with 437 townhouses and villas generating more than AED 1 billion in sales. The strong demand has prompted the developer to accelerate a second phase of the real estate development, located along the Abu Dhabi–Dubai border.
•Aldar Properties PJSC