AGP Executive Report
Last update: 6 hours agoU.S. Investment: PSP Investments and Nuveen Real Estate launched a $790 million venture, already holding 19 grocery-anchored shopping centers across eight states. In Manhattan, Vornado, Ken Griffin and Rudin secured a $3.3 billion construction loan and a 1.05 million-square-foot anchor lease for 350 Park Avenue. Housing Policy: Egypt plans a four-year housing program combining rental, social and middle-income homes. Australia passed planning reforms aimed at speeding up housing development. Market Signals: Qatar recorded QR1.754 billion in September property sales, up 36% in value year over year, while sales volume rose 17%. U.S. single-family starts fell 4.6% in September to an annual rate of 859,000, adding to concerns over a weakening market. Affordability Pressure: Housing protests continued in Portugal, where police cleared camps in Lisbon and arrested demonstrators.
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