The New York City Economic Development Corporation (NYCEDC) has appointed RYBAK Development to lead the next phase of housing development at Coney Island West. The project, named Tilyou Towers in honour of Steeplechase Park founder George C. Tilyou, will transform “Parcel A,” an 80,000-square-foot city-owned lot, into more than 500 mixed-income residences, including 25 percent affordable units, alongside retail space and modernised public parking facilities.
REItrades has launched its beta phase featuring over $120 million in institutional commercial real estate listings. The new digital marketplace connects sellers directly to vetted institutional buyers through an AI-powered, automated workflow, marking a shift towards a more efficient and data-driven transaction model.
W Hotels has unveiled the fully transformed W Hoboken, redefining the luxury waterfront property as a cultural and social hub overlooking the Manhattan skyline. Drawing inspiration from Hoboken’s maritime heritage, the redesign showcases modern design, local influences, and W’s signature bold energy.
Lukoil PJSC plans to sell its international assets amid US and UK sanctions targeting Russia’s largest oil producers. The process is being conducted under a wind-down licence from the US Treasury, with potential licence extensions considered to maintain operations abroad.
The Weitz Company has broken ground on the new Four Seasons Resort and Residences Telluride in Colorado, marking the start of construction on Mountain Village’s last snow-front development site. The 532,000 sq ft project will deliver 52 hotel rooms, 43 hotel residences, and 26 private residences, setting a new benchmark for luxury mountain living.
Plymouth Industrial REIT has agreed to a $2.1 billion acquisition by Makarora Management LP and Ares Alternative Credit funds in an all-cash transaction valued at $22 per share. The deal, approved unanimously by Plymouth’s Board, offers shareholders a 50% premium and is expected to close in early 2026, subject to regulatory and shareholder approval.
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