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Jun 1, 2024
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, 2024
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, 2024
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...
May 30, 2024
UAE's Role in Gold Smuggling from Africa Could Jeopardize Its Investment Ambitions on the Continent
A 2024 Swissaid report reveals that between 321 and 474 metric tons of gold are smuggled from Africa annually through artisanal mining, repr
May 30, 2024
USAID Administrator Announces New Investments Along the Lobito Corridor
USAID Administrator Samantha Power and Deputy Secretary Richard Verma visited Luanda, Angola, on April 23-25, 2024. They focused on enhancin
May 30, 2024
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, 2024
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, 2024
UAE Sets the Pace for Gulf Investments in Africa’s Mining Sector
The United Arab Emirates (UAE) has emerged as a major player in Africa's critical minerals sector, driven by the global shift towards clean
May 24, 2024
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 Competition C
May 24, 2024
Nearshoring Surge Increases Complexity for Cross-Border Carrier Shipments into Mexico
The nearshoring boom has added complexity to US-Mexico cross-border shipments. US carriers need a 3:1 trailer-to-tractor ratio, with border
May 23, 2024
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, 2024
Power Delivery Issues Eclipse Vietnam's Anti-Corruption Efforts
Vietnam's power delivery concerns have been a significant issue since 2020, when electricity demand began outpacing generation capacity. In
May 23, 2024
Navigating the Platinum Market: The Role of South Africa's 2024 Elections
South Africa's upcoming general election could significantly impact the global platinum market, with potential implications for the country'
May 23, 2024
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 23, 2024
Microsoft Bets $1 Billion on Kenya's Thriving Digital Economy
Microsoft and G42 announced a $1 billion investment in Kenya, marking the largest private-sector digital investment in the country's history
May 23, 2024
Investors Sour on Brazil Stocks on Intervention, Fed Fears
Banco Santander Brasil has significantly lowered its year-end target for the Ibovespa from 160,000 to 145,000, reflecting the general bearis
May 22, 2024
Vietnamese Steel Producers Echo Thailand's Concerns over Steel Dumping from China in the Region
Vietnam and Thailand are taking a regional approach to address the surge in Chinese steel imports, known as steel dumping. Vietnam's April 2
May 22, 2024
Spain Recalls Ambassador Following Milei's Remarks on Corruption Allegations Linked to Spanish Prime Minister's Wife
Spain withdraws ambassador from Buenos Aires after President Javier Milei's remarks on corruption allegations against PM Sánchez's wife earl
May 22, 2024
The Giant USS George Washington Pays First Visit to Brazil Since 2015 Commemorating 200 Years of Diplomatic Relations
U.S.-Brazil military ties remain strong despite diplomatic strain caused by Brazil's President Lula's alignment with China, distancing Brazi
May 21, 2024
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
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