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‘Brooklyn deal’ draws top investors

BROOKLYN / Bloomberg Vornado Realty Trust, one of the biggest owners of Manhattan office towers, and Silverstein Properties Inc. are among potential bidders for real estate offered by the Jehovah’s Witnesses in an area of Brooklyn that’s in high demand by developers. The companies have expressed interest in at least one of three properties for sale, including the Brooklyn Heights ...

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Cairo real estate weakens amid currency volatility

Cairo / Emirates Business JLL, the world’s leading real estate investment and advisory firm, on Tuesday released its 2015 annual review of the Cairo Real Estate Market, assessing the latest trends in the office, residential, retail and hotel sectors. The report notes that Cairo real estate market has witnessed mixed performance across various segments in 2015 which was impacted by ...

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Al Habtoor buys Vienna’s Imperial hotel

Vienna / Bloomberg Vienna’s Hotel Imperial, used by stars including Madonna and Mick Jagger as well as politicians and diplomats, was bought by Dubai’s Al Habtoor Group LLC for US$78.8 million. Starwood Hotels & Resorts Worldwide Inc. sold the 138-room property, which will continue to operate under its Luxury Collection brand, the Stamford, Connecticut-based company said in a statement on ...

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