A joint venture between American Real Estate Partners and Harrison Street has completed the transformation of a 1980s office block into luxury apartments. CityHouse Old Town features 199 boutique residences and ground-floor retail space. This project represents the first successful conversion of its kind in Alexandria, Virginia, addressing the shifting demand for housing by repurposing underutilised commercial space in a historic district.
Mahindra Lifespace Developers has launched the first two residential phases of Mahindra Rainforest in Kanjur, Mumbai. The premium mixed-use project covers nearly 25.47 acres on LBS Marg. With an estimated development value of ₹3,000 crore ($315.6 million), the site will feature 2 and 3 BHK homes alongside retail and commercial spaces. The development focuses on sustainable urban living with over seven acres of dense green space.
Greystar has acquired Native Communities to expand its third-party property management operations across Europe. The deal adds 9,000 homes across 37 UK assets to Greystar’s portfolio. This follows the recent acquisition of MD Property & Living in Ireland, marking a significant push into European rental management. The combined platform will provide services for both single assets and large-scale, multi-country portfolios.
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.
The Trump Organization has announced its first ever Australian project with the launch of a 91-storey hotel and residential tower on the Gold Coast. Partnering with Altus Property Group, the development is set to reach a height of 335 metres. The project will feature luxury apartments, a high-end hotel and an exclusive beach club in the heart of Surfers Paradise.
BNW Developments has partnered with Radisson Hotel Group to launch the first Radisson Blu Hotel and Residences in the new RAK Central district. The project features a 361-room hotel and 222 branded apartments, merging luxury living with a major commercial hub. This collaboration aims to establish a new benchmark for hospitality in Ras Al Khaimah as the emirate expands its urban and economic core.
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