YIT to Construct New Apartment Building for TA-Asumisoikes Oy in Tourula, Jyväskylä
YIT has entered into an agreement with TA-Asumisoikeus Oy to construct Jyväskylän Hahlo 3 and 7, a new housing development in the historic Tourula district of Jyväskylä. The project will be situated near the site of a former rifle factory,…
Buftea Bypass Set to Alleviate Traffic Congestion Near Bucharest
Buftea, a satellite town of Romania’s bustling capital, Bucharest, faces a daily challenge as heavy through traffic clogs its streets. Vehicles traveling to and from Bucharest create significant congestion, disrupting local life and mobility. The new Buftea Bypass, currently under…
FHLB Dallas and Stellar Bank Grant $85K to Support Three Houston Community Organizations
The Federal Home Loan Bank of Dallas (FHLB Dallas) and Stellar Bank have announced the awarding of $85,000 in grants to three nonprofit organizations in Houston. These grants, provided through the Partnership Grant Program (PGP), are intended to empower local…
Inovalis REIT Completes €18.2 Million Sale of Sabliere Property
Inovalis Real Estate Investment Trust (REIT) (TSX: INO.UN) has announced the signing of an exchange contract to sell the Sablière property to a third party for €18.2 million ($26.4 million). This strategic move reflects the REIT’s ongoing efforts to optimize…
MAG Group Holding: A $11.9 Billion Real Estate Portfolio
MAG Group Holding, a leading multinational conglomerate operating across diverse industries, has announced that its real estate portfolio, including ongoing and under-development projects, has reached an impressive value of $11.9 billion. This milestone reflects the group’s robust presence in the…
CTP Delivers Tesco’s New 100,000 sqm Logistics Hub
CTP, the largest listed developer, owner, and manager of industrial and logistics properties in Europe by gross lettable area (GLA), has officially handed over a 100,000 sqm logistics centre to Tesco in Hungary. Situated on a 60-hectare greenfield site near…
Vista Outdoor Announces Finalization of CSG Acquisition
Vista Outdoor Inc. (“Vista Outdoor” or “the Company”) (NYSE: VSTO) announced today the completion of the sale of The Kinetic Group to Czechoslovak Group a.s. (“CSG”) (the “CSG Transaction”), following approval by stockholders at a special meeting on November 25,…
Fortress Acquires Gyptech, a Global Leader in Gypsum and Roofing Manufacturing Equipment
Fortress Investment Group (“Fortress”) has announced the acquisition of Gyptech, a global leader in the design, construction, and commissioning of gypsum wallboard and asphalt-shingle manufacturing equipment and services. This strategic acquisition will support Gyptech’s continued growth, with a focus on…
New Design Brief Explores the Impact of Extreme Heat
The American Society of Interior Designers (ASID) has launched a new design brief highlighting the effects of extreme heat on both the built environment and its inhabitants. This resource aims to equip interior designers with essential knowledge to address the…
Redfin Reports Increase in Pending Home Sales Following Post-Election Surge in Home Tours
Redfin (NASDAQ: RDFN) reported a 12.1% year-over-year increase in pending home sales during the four-week period ending November 24, marking the largest rise since May 2021. The uptick in home sales is attributed to a surge in early-stage homebuying activities,…
Keturah Unveils Development Promotions and Introduces Post-Delivery 5-Year Payment Plan
Keturah, a trailblazing luxury wellness real estate and hospitality brand, has unveiled an exclusive sales campaign for its iconic developments: The Ritz-Carlton Residences, Dubai Creek (part of Keturah Resort), and Keturah Reserve. This campaign, running until December 30, introduces a…
Franklin Street Properties Adds Bruce J. Schanzer to Board, Partners with Converium and Erez
Franklin Street Properties Corp. (the “Company” or “FSP”), a real estate investment trust (REIT), has announced the appointment of Bruce J. Schanzer to its Board of Directors, effective November 27, 2024. Mr. Schanzer will also join the Audit Committee on…