Marq Logistics has secured a 220,000 square meter lease at its new Guarulhos development in Brazil. This agreement stands as the largest logistics lease ever recorded in the country according to data from JLL. The facility is part of the GLP Guarulhos III project and will be customised to meet the specific operational needs of a global customer. Completion of the site is expected in late 2026.
Minor Hotels has confirmed the signing of NH Collection Pemba Island Resort in Tanzania. This 145-key property is scheduled to open in February 2030 and marks the brand's first entry into the country. Developed alongside Infinity Developments, the resort aims to offer a refined escape while maintaining the island's low-impact tourism character. The project follows the partnership's previous ultra-luxury development, Anantara Zanzibar Resort & Residences.
Developers have confirmed the signing of leases for the last two commercial plots at the Bay Meadows site in San Mateo. This announcement marks the final stages of a massive 20-year project. Once a horse racing track, the area has been overhauled into a modern community featuring housing, commercial offices and public green spaces. The site now encourages walking and public transport use for commuters.
UAE developer Arada has reached a significant construction milestone by appointing Engineering Contracting Co. (LLC) as the main contractor for the W Residences at Dubai Harbour. The AED1.55 billion agreement covers the delivery of all three luxury towers within the waterfront development. With preliminary works already in progress, the project is set to provide 490 branded homes alongside a suite of high-end amenities.
M&G Real Estate has entered into a joint venture with BlueRock Group to expand a residential portfolio in Berlin. The partnership involves a total investment of €47 million to modernise existing buildings and construct 75 new apartments. This move aims to address the severe housing shortage in some of the most popular districts in the German capital.
Harris County has approved the 83-acre Toro District in Bridgeland. This public-private partnership with the Houston Texans and Howard Hughes Communities includes a 22-acre team headquarters and training facility. The project features $150 million in infrastructure funding and aims to generate $34 billion in economic impact. Moving from NRG Stadium, the Texans seek a world-class environment for operations while providing new jobs and community resources for the growing northwest Houston corridor.
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