Chicago based firms Riverside Investment & Development and Singerman Real Estate have acquired the former Two Wells Fargo Center for $36.5 million. The developers plan to turn the 800,000 square foot office complex into a high-end mixed-use site featuring flats, a hotel and shops. Work on the Charlotte project is scheduled to begin in 2027 following the successful delivery of the firm’s first local luxury tower.
Related Digital and Blackstone have secured financing for a $16 billion data centre project in Saline Township, Michigan. The campus is designed for Oracle and OpenAI to boost AI computing capacity. The development promises thousands of jobs and millions in tax revenue. It features sustainable technology such as a closed loop cooling system and incorporates a large battery storage investment to assist the local energy grid.
Vietnam and the US are looking to increase cooperation in infrastructure and logistics following a high level meeting in Hanoi. Deputy Minister of Construction Nguyen Tuong Van met with a 52 company delegation from the US-ASEAN Business Council to discuss transport and urban projects. The talks focused on aviation, seaports and smart city development as Vietnam seeks to solidify its position in the global supply chain.
Asbar Capital and Ladun Investment Company have signed an agreement to develop a mixed-use project in Riyadh. Located in the Al-Munsiyah district, the development will feature a hotel, retail spaces and residential units. Construction costs are estimated to exceed 250 million riyals. Ladun will manage the design, execution and marketing for the project, which aims to maximise the value of the one billion riyal fund.
Construction has begun on the $1.2 billion redevelopment of the former Lakeforest Mall in Gaithersburg, Maryland. Led by WRS Inc., the project will transform the 102-acre site into a walkable mixed-use community. The development includes 1,450 new homes, significant retail space and 35 acres of parkland. This major urban renewal project aims to generate $1.7 billion in annual economic output upon its completion.
The State Properties General Authority and the National Center for Privatization have invited investors to express interest in the "Quality Valley" project in Riyadh. This public-private partnership aims to transform the SASO headquarters into a 191,000 square metre mixed-use development. The project includes office spaces, retail and landscaped areas. Interested parties must submit their applications by 26 April 2026 to participate in this 32 year contract.
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