Concorde Group wants to touch revenue of Rs 800 crore by 2026, ET RealEstate
NEW DELHI: Bengaluru-based Concorde Group has lined up four launches having development potential of over two million sq ft in the next 12 months. In this financial year it expects to register revenue of about Rs 300 crore, which it…
Chicago, Midwest | Weekly People & Companies for December 1, 2023
Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and…
More Built-up Area For Amrapali Projects, Sale To Fund Completion, ET RealEstate
File Photo NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has cleared additional construction in projects of the beleaguered Amrapali Group, which are being completed by public sector company NBCC through a Supreme Court-monitored process. The GNIDA is expecting a…
Delta Corp invests Rs 99.99 crore in Peninsula Land, Real Estate News, ET RealEstate
NEW DELHI: Delta Corp (Delta), which owns and operates casinos and hotels, has made an investment of Rs 99,99,88,000 in Peninsula Land (PLL) which will issue 1,50,00,000 equity shares and 77,27,000 CCDs at Rs 44. The board of directors of…
Piramal Group can get back 75% at least of Rs 600-crore loan, Real Estate News, ET RealEstate
MUMBAI: The Piramal Group has received a binding bid for the sale of Tridhaatu Realty from CFM ARC, ensuring a minimum recovery of 75% in the structured deal. CFM ARC offered to pay ₹450 crore for the ₹600-crore bad loan,…
Emergency Skills Signs New Lease in Chelsea
Emergency Skills Inc., an AED programs and emergency response training company, has signed a 10-year lease for 5,011 square feet at 305 Seventh Ave in Chelsea, relocating from nearby 352 Seventh Ave. GFP Real Estate facilitated the lease, with Barbara…
Wells Fargo Expands Office to Hudson Yards
Wells Fargo has announced an expansion of its presence at Hudson Yards. With plans to transition about 2,300 employees from their current location at 150 East 42nd Street by late 2026. Partnering with Related Companies, developers of Hudson Yards, Wells…
SITE Spins Off S. Carolina Regional Shopping Center for $46M
Colliers | U.S. has arranged the sale of Wando Crossing, a 100% occupied, 214,029-square-foot regional shopping center for $46,750,000. This prominent retail destination is situated in the upscale Mount Pleasant area of Charleston, South Carolina. A Colliers team led by…
JV Using $12M Loan for Construction of Dania Beach Tower
A joint venture between LYND and Dania Beach Marina Corp. has received a $12 million loan for the construction of The Aileron, a 380-unit multifamily across from Spirit Airlines’ headquarters in Dania Beach, Fla., in metro Miami. Work on the project is expected to…
Additional housing loans for stalled real estate projects to be treated as standard credit, ET RealEstate
Any additional housing loans for stalled real estate projects that are being revived under a dedicated government scheme can be treated as standard loans, the Reserve Bank of India has told banks. A communication in this regard was sent out…