Chicago based firms Riverside Investment & Development and Singerman Real Estate have acquired the former Two Wells Fargo Center for $36.5 million. The developers plan to turn the 800,000 square foot office complex into a high-end mixed-use site featuring flats, a hotel and shops. Work on the Charlotte project is scheduled to begin in 2027 following the successful delivery of the firm’s first local luxury tower.
IHG Hotels & Resorts has signed a major deal with Vinhomes Green Paradise to open four hotels in Ho Chi Minh City. This partnership introduces the Holiday Inn Express and Garner brands to Vietnam for the first time. With over 1,000 rooms planned, the project aims to turn the Can Gio coastal area into a global tourism hub capable of welcoming 40 million annual visitors.
RESAAS Services Inc. has launched a new integration with Databricks to help real estate firms harness the power of AI. The partnership allows enterprise clients to stream live referral and transaction data directly into the Databricks Lakehouse Platform. By combining market data with internal datasets, companies can now generate more accurate forecasts and automate complex workflows across both residential and commercial sectors.
CIM Group, Centennial Yards Company, and The Drew Company have partnered to bring a Virgin Hotel to the $5 billion Centennial Yards development in Atlanta. Scheduled for 2027, the 261-room hotel will feature the brand’s signature 'Chambers' and residential-style suites. The project forms a central part of a new 470,000 square foot Entertainment District designed to revitalise the city’s downtown core.
Aldar and Mubadala Investment Company have completed an AED 654 million acquisition of The Link at Masdar City through their 2024 joint venture. The mixed-use development is fully leased to major institutions, including Masdar and MBZUAI. Covering 32,000 square metres, the site features LEED Platinum office space and residential units. This deal highlights the growing demand for high-quality, sustainable assets within Abu Dhabi’s innovation ecosystem.
Vietnam and the US are looking to increase cooperation in infrastructure and logistics following a high level meeting in Hanoi. Deputy Minister of Construction Nguyen Tuong Van met with a 52 company delegation from the US-ASEAN Business Council to discuss transport and urban projects. The talks focused on aviation, seaports and smart city development as Vietnam seeks to solidify its position in the global supply chain.
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