Erieview Tower’s residential and hotel redevelopment in downtown Cleveland has secured approximately $217.6 million in financing. Advised by Brown Gibbons Lang & Company, developer ErieView Development assembled a complex funding package, including $93.4 million in C-PACE financing alongside historic tax credits and senior debt. Scheduled to open in 2027, the 40-story landmark will host Ohio’s first W Hotel and 215 rental apartments under the W brand.
Knowledge Economic City, Kaden and Capital Hill have signed a framework agreement to launch a private closed-ended real estate fund valued at over SAR 2.5 billion. The fund will finance a mixed-use project in Madinah, adding over 1,500 residential units and 30,000 square metres of leasable space. The initiative aims to meet rising demand driven by religious tourism and Saudi Vision 2030 targets.
PASHA Real Estate Group and Marriott International have agreed to a multi-property deal to build three hospitality and residential sites in Azerbaijan and Georgia. The plans feature an 80-room Ritz-Carlton resort and 282 residences in Zagulba, a 238-unit residential tower extension in Baku, and a 152-room Le Méridien hotel in central Tbilisi.
Arlington City Council has backed a major redevelopment scheme to turn 7.3 acres of central surface parking into a multi-purpose complex. Private firm Trammell Crow Company will construct at least 390 homes, commercial space and a 600-car garage, investing over $123 million. The municipality retains land ownership whilst acquiring a new Water Utilities office, infrastructure and 197 free public parking spaces under a 99-year lease agreement.
UAE developer Arada has entered Syria through a joint venture with the Syrian Sovereign Fund to construct a $7 billion (AED 25.7 billion) megaproject in New Damascus. Covering four million square metres, the master-planned development will deliver 11,000 homes alongside commercial, healthcare and educational facilities. The agreement represents one of the largest foreign real estate commitments in the country to date.
Ambassadori Island Batumi has signed a major international investment agreement with Dubai-based HOLM Developments. The UAE firm will construct a 140,000 square metre multifunctional complex on the artificial island, representing an investment of over $250 million. The deal highlights growing foreign direct investment in Georgia's real estate market, backed by secure investment frameworks and strong economic potential in the Black Sea region.
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