Modular construction firm NRB is showcasing relocatable and long-life building solutions at the 2026 World Smart City Expo in Busan. The firm addresses urban land shortages by placing temporary, reusable modular structures on underutilised sites, such as car parks and development land. These flexible modules can be moved or reconfigured over time to match shifting local demographic demands, including youth, family and elderly housing needs.
Balinese wellness brand Fivelements is expanding globally following its 2024 acquisition by GOCO Hospitality. The brand will launch its flagship property, Fivelements Samui, in early 2027. This will be followed by a major upgrade to Fivelements Ubud in 2028, alongside European developments in Switzerland in 2029 and Montenegro in 2030. The expansion integrates longevity science and diagnostic health with traditional local healing practices.
Private equity real estate firm Longpoint Partners has bought a 10-building industrial portfolio across Miami-Dade County for $195 million. The deal adds 729,901 square feet of functional, small-bay industrial space in supply-constrained infill locations. Currently 90% occupied by 74 tenants, the portfolio was acquired at roughly $267 per square foot, strengthening the Boston-based firm’s long-standing presence and operational platform in South Florida.
The University of South Florida has broken ground on Uptown Landing, a $500 million mixed-use scheme on its Tampa campus. Formerly known as the Fletcher District, the project will deliver 700 student beds, retail units, restaurants, a hotel, and the Translational Research Institute. Constructed as a public-private partnership, the initial 30-acre phase is scheduled for completion ahead of the autumn 2028 term.
Blackstone has acquired a majority stake in Sanha Logistics Park II, a 334,000 square metre dry storage development in South Korea's Seoul Metropolitan Area, through a primary share issuance. ESR will remain an investor and continue managing development and asset operations via ESR Kendall Square. Scheduled for completion in 2028, the strategic project along the Gyeongbu Expressway marks Blackstone's third logistics investment in the country.
Erieview Tower’s residential and hotel redevelopment in downtown Cleveland has secured approximately $217.6 million in financing. Advised by Brown Gibbons Lang & Company, developer ErieView Development assembled a complex funding package, including $93.4 million in C-PACE financing alongside historic tax credits and senior debt. Scheduled to open in 2027, the 40-story landmark will host Ohio’s first W Hotel and 215 rental apartments under the W brand.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
