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The latest US Census Bureau figures on population growth reveal the cities that are growing the fastest. However, the places that made the list might be ones you’ve never even heard of. Just look at Celina, TX, which ranked No. 1 for fastest-growing cities with a population of 20,000 or more. From July 1, 2022, to July 1, 2023, Celina, part of the Dallas–Fort Worth metro area, saw its population grow by 26.6%, more than 53 times that of the nation’s growth rate of 0.5%. “The list of fastest-growing cities includes a lot of smaller…

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Images: Tecom Group Tecom Group, the creator of strategic business districts in Dubai, has received board approval for its ‘Strategic Acquisition and Development Plan’. This ambitious plan, valued at Dhs1.7bn, supports the group’s efforts to enable sustainable growth and innovation within Dubai’s commercial real estate sector. As part of the plan, Tecom will invest Dhs966m to acquire commercial and industrial assets from Dubai Holding Asset Management (DHAM). This move aims to strengthen the group’s portfolio and enhance its position in key strategic sectors across Dubai. A further Dhs689m will be…

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“People who already own homes are less likely to be buyers right now because they are holding onto their properties because of low interest rates,” Joe Cilic, the team lead of the Sotheby’s International Realty-brokered Cilic Group, said. The influx of first-time buyers in the Santa Monica housing market has resulted in frequent bidding wars on lower price point properties. “At the lower price points, they are pretty common,” Cilic said of multiple offer situations. “I’m selling a condo right now that has multiple offers, but especially in single family,…

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Despite ongoing global challenges such as persistent inflation, elevated interest rates, and geopolitical tensions, the total pipeline value of unawarded construction projects in the Middle East and North Africa (Mena) is set to reach $3.9 trillion, with the UAE holding a significant share at 15%, according to industry expert JLL.   The UAE stands out with a high-value pipeline of $590 billion in the region’s projects market with residential projects accounting for $125 billion (21%), and mixed-use projects representing $232 billion (39%), stated JLL in latest UAE Construction Market Intelligence…

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Linda Evangelista, one of the world’s most photographed faces, has listed her stylish New York City penthouse for $9,450,000. The Canadian-born supermodel is ready to move on from her historic perch, built in 1930 on Manhattan’s Lower West Side. The building’s condo conversion was completed in 1996, and the address offers superluxe living in the oh, so chic Chelsea neighborhood. The living room has a skylight and a fireplace. (Realtor.com) Exposed brick is a coveted detail in NYC. (Realtor.com) The main bedroom has room for a sitting area. (Realtor.com) Naturally,…

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(MENAFN– Khaleej Times) Andalusia Courtyard, a real estate development company, honoured a number of its labour force who participated in the accomplishment of the first stage of its project, Maya Townhouse, within a record time. This came in the context of the company’s focus onsite workers and their hard work to make this project happen. The company honoured a team from Dubai Municipality as well. The honouring took place in an event which was hosted in Dubai by Andalusia Courtyard, with the presence of the parties who co-operated in completing…

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Published: Sun 12 May 2024, 5:21 PM Last updated: Sun 12 May 2024, 10:06 PM Andalusia Courtyard, a real estate development company, honoured a number of its labour force who participated in the accomplishment of the first stage of its project, Maya Townhouse, within a record time. This came in the context of the company’s focus onsite workers and their hard work to make this project happen. The company honoured a team from Dubai Municipality as well. The honouring took place in an event which was hosted in Dubai by…

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There’s a segment of the super-rich in Manhattan who can easily afford to buy luxury property but for a number of reasons choose to rent instead. In a deep dive into this elite crowd, the Financial Times talked to several real estate brokers who revealed that rent can range from $25,000 to $75,000 per month, though one townhouse in SoHo was rented to a tech bro for $100,000 a month—or $1.2 million a year. The supply of such properties surged after Michael Bloomberg rezoned areas to allow for more high…

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The weather in Manhattan was sunny with temperatures in the 70s on May 7 during Commercial Observer’s eighth annual Spring Finance CRE Forum, which attendees no doubt hope signals brighter days ahead for a commercial real estate market that has battled icy conditions the last two years. The annual CO event was held six days after the Federal Reserve held interest rates steady with no indication of when borrowing conditions may begin to ease after 12 hikes were implemented by the central bank from March 2022 to July 2023. However,…

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During the presentation of Türkiye’s second inflation report of the year, Fatih Karahan announced a revised inflation forecast and detailed strategic economic interventions to stabilize the economy During the presentation of the second inflation report of the year, President of the Central Bank of the Republic of Turkiye (CBRT) Fatih Karahan updated the nation’s inflation forecasts and discussed the ongoing economic challenges. He revised the end-year inflation rate to 38% for 2024, a two-point increase from previous estimates. The bank maintains its forecasts for subsequent years at 14% for 2025…

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280 Park Ave., where SL Green and Vornado secured a loan extension. Vornado Realty Trust is still wrestling with the headwinds facing New York’s commercial real estate market, but international luxury brands have given its executives cause for optimism. The REIT, one of Manhattan’s largest owners of office and retail space, reported its funds from operations during the first quarter were $104M, down from $119M the prior year. The dip in cash flow pushed the company to a net loss of $9M for the quarter, after turning a $5.2M profit in Q1 2023. Vornado’s…

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More millionaires live in New York City than anywhere else on the planet, according to a new global ranking of wealthy cities. The report was produced by Henley & Partners and was first reported by Bloomberg. According to the data, one in 24 people in New York City are millionaires – even after the pandemic-driven exodus from the city. That translates to approximately 349,000 millionaires living in the city. In 2013, the same report found that only 1 in 36 New Yorkers were millionaires. In addition to the staggering number…

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