Real estate funds managed by Blackstone (NYSE: BX) has paid $2.6 billion to acquire Tokyo Garden Terrace Kioicho, a 2.4 million-square-foot mixed-use property, from affiliates of Seibu Holdings. The transaction is the largest real estate investment by a foreign...
Three major central banks have announced rate cuts for their respective economies. The European Central Bank (ECB) announced it was cutting rates by a quarter percentage point today, lowering its benchmark from 3.25% to 3%. “The disinflation process is well on track,”...
The Trump Organization has partnered with the Dubai-based real estate developer Dar Global to construct two new luxury projects in the Saudi Arabian capital of Riyadh. Gulf Business reports the new projects will be aimed at the luxury Saudi Arabian market and...
A new achievement in luxury real estate, an executive preparing the next generation of professionals, and the perils of renting to Hunter Biden. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Dec. 2-5. Hit: A New Home for...
Monaco is home to a new development that makes Dubai look like an affordable housing project. The Times of London reports the tiny European principality has opened, Mareterra, a 14-acre district built on land reclaimed from the sea. Homebuyers in Mareterra have a...
The Rose Corporation, a Reading, Pennsylvania-based real estate development and management firm, has completed its newest rental project with The Bakerfield II in Newmarket, Ontario. The 10-story building is the fourth phase of the company’s 834-unit community in...
