Houston real estate investment firm Griffin Partners has expanded its senior leadership team to manage its growing national portfolio. Kelly Agent has been promoted to Chief Operating Officer, and long-serving principal Lee Moreland has been appointed as Chief Portfolio Officer. The executive changes aim to scale operations across the company's 6.7 million square feet of commercial property.
Dubai South and Majid Al Futtaim have partnered to launch a massive AED 62 billion mixed-use community spanning 22 million square feet. Located near Al Maktoum International Airport, the project features residential areas, retail zones and a large shopping mall. The development aims to support the long-term economic expansion of Dubai by creating a future-ready urban hub.
Ayala Land is launching its "Next Wave" of developments in Cebu with three new mixed-use estates. Seagrove, Gatewalk, and South Coast City will cover over 50 hectares combined across Mandaue, Lapu-Lapu, and Cebu City. These projects focus on eco-tourism, retail, and entertainment. They are designed to meet the growing demand for commercial space and modern urban living as the regional economy continues to expand rapidly.
Ayala Land has partnered with the Philippine Tennis Center for Excellence to launch a new International Tennis Center in Vermosa. The facility will house the Philippine Tennis Academy and feature nine tennis courts and sixteen pickleball courts. Designed for both elite athletes and the public, the center aims to improve local sports infrastructure and provide a high-performance training ground for the next generation of Filipino champions.
Riyad Capital has launched a new SAR 1.5 billion real estate fund to develop a massive mixed-use site in Riyadh. The project covers 32,000 square metres on Al-Takhassusi Road and focuses on transit-oriented development. Partnering with Princess Munira bint Abdullah bin Faisal Al Saud and Naif AlRajhi Investment, the scheme will deliver new offices, homes, shops and hospitality spaces near the Al-Takhassusi Metro Station.
K Developments has launched Palencia Plaza in Al Shorouk City with an EGP 1.5 billion investment. The mixed-use project offers commercial, medical, and administrative units in a prime location opposite Carrefour. Designed by YBA, the development features modern facilities and flexible payment plans to meet growing demand in Egypt’s new cities.
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