Mark Mobius Says Moroccan Property Company Douja Promotion Groupe Addoha is a Buy
It's rare for Mark Mobius to recommend real estate, making his interest in Douja Promotion Groupe Addoha notable. The firm has a strong mark
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Jun 1
Kigali's $2 Billion Innovation City Construction Scheduled to Begin in September 2024
The $300 million construction of Kigali Innovation City (KIC) will start in September, following agreements signed between the Government of
May 31
Canadian Pension Fund Exits Manhattan Office Sector with 90% Loss in Firesale Deal
The $437 billion Canadian pension plan recently sold its 45% stake in 10 East 53rd Street for $7M, a 90% loss from its 2012 purchase price o
May 31
Fibra UNO Escalates Courtship of Terrafina's Assets Aiming to Create Mega-Industrial REIT in Mexico
Fibra UNO's proposed industrial mega-merger aims to create Mexico's largest industrial REIT by combining three portfolios into 487 propertie
May 30
Imminent $239 Million Office Property Default Expected, This Time in Seattle
A $239 million loan by Martin Selig Real Estate, a major player in Seattle's property market, has been sent to a special servicer. The loan,
May 29
Vietnam's Property Sector Attracts $1.98 Billion of FDI So Far in 2024, up 70% Year-on-Year
Vietnam attracted $1.98 billion in foreign direct investment (FDI) in its property sector in the first five months of 2024, a 70% increase y
May 24
Bankenveld District City Development in Johannesburg Clears Key Hurdle with Land Purchase Approval
A major real estate project in the northern suburbs of Johannesburg, named the Bankenveld District City, has recently received...
May 23
Washington DC Property Sells at Stunning 83% Discount to Assessed Value of $225.7 Million
Gallery Place, a prominent mixed-use development in Washington, D.C.'s Chinatown neighborhood, is set to be purchased for $39 million, repre
May 23
Phoenix's Westin Hotel Faces Foreclosure Just Two Years After Opening
Phoenix's Westin Hotel Faces Foreclosure Just Two Years After Opening
May 23
PIMCO's $3.9 Billion Office Acquisition Leads to $1.7 Billion Loan Default and $700 Million Haircut
PIMCO's $1.7 billion office loan tied to a 5.5 million sf portfolio across four U.S. cities defaulted in February 2023. The lenders, Goldman
May 23
South Africa's Power Issues Help Drive Microsoft's $1 Billion Data Center Investment in Kenya
Microsoft and G42 are investing $1 billion in Kenya's digital infrastructure, marking the largest private-sector digital investment in the c
May 21
Chicago Building Sells For 90% Discount From $27 Million Purchase Price 11 Years Ago
Chicago office real estate faces severe challenges. A 10-story building at 216 W. Jackson Blvd, bought for $22.3M in 2013, was recently sold
May 20
Zambia Joins $150B Sukuk Market with Eden Villas' $3 Million Real Estate Issuance
Zambian developer Eden Villas Properties is set to issue the country's inaugural Sukuk, aiming to raise $3 million. Sukuk, or Islamic bonds,
May 20
Luxury Home Sales Plunge 50% in Singapore So Far in 2024
Singapore's luxury home sales have plunged by 50% in the first quarter of 2024, significantly impacted by cooling measures, increased intere
May 20
Milei’s Historic “Pacto de Mayo” to Revive Argentina’s Economy and Real Estate Market
In a historic move, Argentina's President Javier Milei is set to sign the "Pacto de Mayo" on May 25, a significant date in the country's his
May 20
Mexico's Labor Woes and Lack of Investment Hamper Toyota's North American Production
A recent report by Reuters indicated that Toyota halted production for 19 days in February and March at one of its Mexican production facili
May 18
The Global Tremors From China’s Real Estate Crisis Are Only Just Starting
Chinese investors are selling real estate assets globally to raise cash amidst a deepening property crisis at home, potentially revealing th
May 18
Purina Boosting Investment in Guanajuato Adding 94 Jobs to 600 Already Employed in Mexican Facility
Nestlé Purina invests $221M in Mexico, its top Latin American market, expanding its pet food plant in Silao to become the largest in the reg
May 17
China's BYD Postpones Chile Lithium Ambitions as U.S.'s Albemarle Gets 240,000 Metric Tons Lithium Quota Boost
Chile's CORFO has agreed to increase Albemarle's lithium production quota by 240,000 metric tons of lithium metal equivalent (LME), nearly 5
May 17
Lululemon Mexico Acquired By Vancouver-Based Parent
Lululemon Athletica is acquiring its franchisee, Lululemon Mexico, which operates 15 stores since entering Mexico in 2017. Despite alleged s
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