Real Estate
Hyundai Elevator Sells Building and Affiliate Shares
Hyundai Elevator has announced the sale of its office building in Yeonji-dong, Jongno-gu, Seoul, for KRW 450 billion (US$321.4 million), THE CHOSUN Daily reports. Hyundai Elevator sold the property to...
India’s TEA Calls for Reduced GST on Elevators
India’s Telangana Elevator Association (TEA) has appealed to the Central government to reconsider the existing 18% Goods and Services Tax (GST) on elevators, stressing that a reduction would positively impact...
Otis Providing Systems for Three Egypt Projects
Otis will provide and install 265 Otis Gen2® Prime elevator systems for three of Mountain View Real Estate Development's residential compound projects, including the extension of the Mountain View 1.1...
1970s Burnaby Tower Partially Demolished For Redevelopment
Partial demolition is underway at “The Boot,” an iconic 21-story office building built in 1976 for BC Tel at the intersection of Boundary Road and Kingsway on the Burnaby side...
Dubai Developer Announces First Commercial Project
Ellington Properties, a leading Dubai developer, has announced its first-ever office project: Eaton Square, a 21-story (including several lower levels) "next-generation" building close to Sheikh Mohammed Bin Zayed Road in...
For-Sale Chicago Building Pitched as High-End Office Space
Developer Sterling Bay has put the only finished building in its stalled Lincoln Yards 53-acre mixed-use development between Lincoln Park and Bucktown in Chicago — an eight-story, 284,463-ft2 property at...
TÜV SÜD To Consolidate Two Divisions
TÜV SÜD, one of the world’s leading testing, inspection and certification providers with global headquarters in Munich, Germany, announced on July 23 it is consolidating its Industry Service and Real...
U.S. Office Market Deals Hit US$40 Billion as Vacancy Drops
Accounting for 71% of total deals, premium and Class A office space led an office market sales rebound as transaction volume climbed 69% over the past four quarters to US$40...
Plans Submitted for Development of Toronto’s Historic Church-Wellesley Village
Akelius, an international residential real estate company registered in Sweden, submitted plans to redevelop 81–83 Isabella Street in Toronto, Ontario, Canada, into a 70-story residential rental building, Urban Toronto reports. The plans incorporate the...
Luxury Residential Demand Soars in Dubai
A five-bedroom, full-floor apartment selling for US$47.7 million — one of the 10 most expensive apartment sales in Dubai's history — points to a larger trend of the city experiencing...
