Blackstone has acquired a majority stake in Sanha Logistics Park II, a 334,000 square metre dry storage development in South Korea's Seoul Metropolitan Area, through a primary share issuance. ESR will remain an investor and continue managing development and asset operations via ESR Kendall Square. Scheduled for completion in 2028, the strategic project along the Gyeongbu Expressway marks Blackstone's third logistics investment in the country.
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.
Direct commercial lender X-Caliber Capital Holdings has closed an additional $131 million Rural PACE-X financing deal for Phase II of Marcella Landing in Park City, Utah. Developed by Reef Capital Partners, the ultra-luxury ski community has now received $313.2 million in total funding from X-Caliber. The capital will fund a second phase of townhomes and supporting infrastructure at Deer Valley East Village.
Avida Land and Amaia Land have signed a strategic partnership with Pag-IBIG Fund to widen housing options for Filipino workers. The agreement allows eligible members to access Pag-IBIG housing loans of up to ₱10 million for select properties. By combining private sector development with government-backed financing, the initiative aims to make quality homeownership more attainable across various income brackets.
eMaxx has introduced a Commercial Property Program powered by the eMaxx Reciprocal Insurance Exchange. Designed for building owners facing premium volatility and disputed valuations, the policyholder-owned structure rewards commercial property owners who invest in proactive risk management. Coverage is available to businesses meeting Highly Protected Risk Catastrophe standards, with primary insurance provided through an A.M. Best A-rated carrier and reinsurance supported by the eMaxx Reciprocal.
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