Construction has commenced on the 147 million dollar Wallace Campus regeneration scheme in Poughkeepsie. The initiative will transform a vacant, historical department store and construct two additional structures to deliver 187 affordable flats alongside 22,000 square feet of commercial space. Backed by state, federal and local funding, the all-electric development forms part of New York State's wider multi-billion dollar housing investment strategy.
Boutique property venture Art Deco Freak has launched a dual-market residential transformation model in Pittsburgh and Los Angeles. Founded by entrepreneur Lauren Papa, DC, the firm specialises in turning distressed architectural assets into high-end single-family homes. The strategy avoids standard renovation formulas, focusing instead on historical preservation, upcycled materials, sustainable infrastructure and asset-specific repositioning to deliver premium turnkey properties.
An investor group led by Affinius Capital and Vista Hill Partners has finalised a 3.5 billion dollar all-cash takeover of Veris Residential. The transaction transitions the former real estate investment trust into private ownership. The deal secures a portfolio of 6,581 premium apartment units located primarily along the strategic Hudson River waterfront across from Manhattan and throughout the northeastern United States.
Feldberg Capital has advised its joint venture with the Teacher Retirement System of Texas on a debut investment near Hamburg. The venture acquired a 55,000 square metre site in Wedel to develop a 35,000 square metre logistics asset. Scheduled for completion in mid-2027, the project forms part of a 200 million euro vehicle targeting German metropolitan logistics sectors.
Streamex Corp. has partnered with Orca to launch a 24/7 decentralised secondary liquidity infrastructure for tokenised securities. The system debuts with GLDY, a gold-backed tokenised security. Operating on the Solana blockchain, the platform automates regulatory compliance and KYC verification at the token level, creating a continuous trading venue supported by institutional liquidity providers for verified accredited investors.
Wold Architects & Engineers has acquired Nashville-based architecture firm JJCA. The move strengthens both firms' ability to serve communities across the United States by combining Wold’s extensive engineering resources with JJCA’s deep expertise in healthcare and education design. Leadership from both companies will remain actively involved to ensure continuity for existing clients.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
