Direct commercial lender X-Caliber Capital Holdings has closed an additional $131 million Rural PACE-X financing deal for Phase II of Marcella Landing in Park City, Utah. Developed by Reef Capital Partners, the ultra-luxury ski community has now received $313.2 million in total funding from X-Caliber. The capital will fund a second phase of townhomes and supporting infrastructure at Deer Valley East Village.
Sun Group and the Nghe An Provincial People's Committee have officially broken ground on an 8,723 billion VND residential, commercial, and service complex in Truong Vinh ward. Spanning 3.7 hectares, the development features five 39-story towers, 3,500 apartments, 30,000 m2 of retail space, and over 10,000 m2 of green areas aimed at transforming central Vinh City's urban infrastructure.
ESR has named Dalmar Sheikh as Chief Executive Officer of ESR Data Centres, starting 1 September 2026. Working from Singapore, Sheikh will direct the strategy and expansion of the group's digital infrastructure operations across Asia-Pacific. The platform currently holds a project pipeline exceeding 3.2 GW in key regional markets including Japan, South Korea and Australia.
Keppel has secured 50 MW of new data centre capacity in Singapore to build an AI-ready facility on Jurong Island. The project, named Keppel DC SGP 11, will involve an investment exceeding S$1 billion. It was granted under the second Data Centre Call for Application, a competitive process jointly managed by the Economic Development Board and the Infocomm Media Development Authority that drew over 20 proposals.
Penta Real Estate has acquired a 50% stake in HoldCo Bubny s.r.o. to lead the transformation of Prague’s Bubny-Zátory site. Partnering with AKIPIA and J&T, the firm will oversee a CZK 90 billion urban development project across 250,000 square metres. Running until 2050, the master plan includes 10,000 homes, office space, schools and public amenities, marking the largest project in Penta’s history.
eMaxx has introduced a Commercial Property Program powered by the eMaxx Reciprocal Insurance Exchange. Designed for building owners facing premium volatility and disputed valuations, the policyholder-owned structure rewards commercial property owners who invest in proactive risk management. Coverage is available to businesses meeting Highly Protected Risk Catastrophe standards, with primary insurance provided through an A.M. Best A-rated carrier and reinsurance supported by the eMaxx Reciprocal.
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