The New York City Economic Development Corporation (NYCEDC) has appointed RYBAK Development to lead the next phase of housing development at Coney Island West. The project, named Tilyou Towers in honour of Steeplechase Park founder George C. Tilyou, will transform “Parcel A,” an 80,000-square-foot city-owned lot, into more than 500 mixed-income residences, including 25 percent affordable units, alongside retail space and modernised public parking facilities.
Dubai developer Nakheel, part of Dubai Holding Real Estate, has released an exclusive range of luxury waterfront villas at Palm Jebel Ali, signalling further progress in the development of one of the emirate’s most ambitious island communities. The launch features 11 architecturally distinct villa styles within The Beach and The Coral Collections, designed in partnership with international architectural studios and offering direct beachfront access along with expansive Arabian Gulf views.
Sunrise Berhad has announced two key leadership appointments as part of its ongoing strategy to strengthen governance and drive future growth. The property developer named Shaharul Farez Hassan as its new Managing Director and Chief Executive Officer, and Grace Yap Mei Wan as an Independent Non-Executive Director to its Board of Directors.
Modon Hospitality, the specialist arm of Abu Dhabi-based Modon Holding, has announced the launch of Olympia Resort Abu Dhabi, a luxury active lifestyle destination set to open on Hudayriyat Island in early 2026. Positioned as a first-of-its-kind performance-based hospitality experience, the resort will combine wellness, sport, and leisure, marking another step in Abu Dhabi’s efforts to enhance its reputation as a global hub for active living and sports tourism.
REItrades has launched its beta phase featuring over $120 million in institutional commercial real estate listings. The new digital marketplace connects sellers directly to vetted institutional buyers through an AI-powered, automated workflow, marking a shift towards a more efficient and data-driven transaction model.
Radisson Hotel Group has surpassed 210 hotel signings and openings in 2025, continuing its record-breaking growth across Europe, Asia, and the Middle East. With strong expansion in China and India and multiple new openings in Europe, the Group is on course to cement its position among the world’s most dynamic hotel companies.
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