Commercial property specialist Transwestern has finalised the acquisition of Forte Real Estate Partners to grow its corporate footprint in the US Midwest. The corporate takeover brings 12 specialist tenant advisors into Transwestern's regional office in Minneapolis, alongside a commercial property portfolio spanning nearly 1 million square feet. Forte has overseen more than $885 million in transactions since its formation five years ago.
A joint venture led by global real estate specialist Kennedy Wilson has purchased the Carraway housing development in Westchester County for $237 million. The 421-unit Class A residential site in West Harrison was bought alongside Japanese partners Kenedix and Hulic. Situated 25 miles north of Manhattan, the complex features a mix of flats, structured parking and ground-floor retail units.
Industrial developer Panattoni has named Sharad Gohil as CEO and Managing Director of Panattoni India to drive its regional expansion. Gohil, the former head of IndoSpace Capital Asia, brings over 25 years of global real estate experience. He will lead the firm's growth across Indian logistics hubs, manufacturing corridors and emerging digital infrastructure markets, including data centres.
The Sharjah Investment and Development Authority (Shurooq) has chosen Minor Hotels to manage the Sharjah Collection, a regional portfolio of seven eco-focused boutique properties. The international operator will integrate the coastal, desert and mountain retreats into its luxury network after a series of upgrades, boosting global reach while protecting local heritage.
Japanese developer Mitsubishi Estate has partnered with Central Pattana to build a 43-billion-yen mixed-use tower in Bangkok. Located in the popular Siam Square area, the 42-storey development will blend flagship luxury retail, modern workspaces, and the Thai debut of 25hours hotels. Construction is underway and phase openings will start in 2027.
Oman and Türkiye have signed a memorandum of understanding to cooperate on housing and urban planning initiatives following a bilateral summit in Ankara. Omani Housing Minister H.E. Dr. Khalfan bin Said Al Shueili met with Turkish Minister H.E. Murat Kurum to establish a development framework. The partnership will focus on smart cities, sustainable design and real estate finance.
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