Mukesh Ambani has purchased a vacant building in New York’s Tribeca district for $17.4 million. Formerly owned by tech billionaire Robert Pera, the site has been tied to multiple unbuilt mansion plans.
PENLER has surpassed USD 1 billion in portfolio value, expanding its footprint across the Sunbelt with new acquisitions, developments, and leadership appointments.
Sobha Realty has achieved a major milestone with the successful issuance of its USD 750 million Green Sukuk, the largest of its kind by a real estate developer globally. Oversubscribed by 2.8 times, the landmark transaction reflects strong investor confidence in the company’s financial stability and sustainability commitments.
Kygo’s Palm Tree Crew has raised $20 million in a Series B led by WME Group, valuing the entertainment and lifestyle brand at $215 million, as it accelerates festival expansion and investments in consumer products.
Egypt has signed an $18 billion agreement with Emaar Misr and City Stars to develop Marassi Red Sea, a major coastal project in the Red Sea governorate scheduled for completion within four years.
AvalonBay Communities will join Bank of America’s Global Real Estate Conference on 9 September, while reporting that its Q3 Same Store revenue growth to August remains in line with expectations.
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