Property giant Greystar has confirmed a new partnership with Dallas-based operator Lantower Residential to take over its management operations. The move will see Lantower exit the property management sector entirely. Greystar is set to assume responsibility for 23 multifamily communities which represent nearly 7,900 units across the United States. The transition began on February 17 and includes two sites currently under development that are expected to begin leasing in the first quarter of 2026.
Council officials have greenlit a massive £531 million investment package to upgrade social housing across North Lanarkshire. The five-year plan aims to improve living standards for thousands of tenants by modernising kitchens, bathrooms and windows. A significant portion of the funding is dedicated to energy efficiency to help residents lower their heating costs. The scheme also includes the regeneration of several local estates and the demolition of older properties.
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.
UAE developer Arada has reached a significant construction milestone by appointing Engineering Contracting Co. (LLC) as the main contractor for the W Residences at Dubai Harbour. The AED1.55 billion agreement covers the delivery of all three luxury towers within the waterfront development. With preliminary works already in progress, the project is set to provide 490 branded homes alongside a suite of high-end amenities.
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.
M&G Real Estate has entered into a joint venture with BlueRock Group to expand a residential portfolio in Berlin. The partnership involves a total investment of €47 million to modernise existing buildings and construct 75 new apartments. This move aims to address the severe housing shortage in some of the most popular districts in the German capital.
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