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Real Estate News Alert is a roundup of the most recent news that gets updated daily to keep you always up to date on the world's most attractive projects in the real estate market from the UAE (Dubai, Abu Dhabi, Umm Al-Quwain, Ajman, Ras Al-Khaimah, Sharjah and Fujairah) and sometimes from the GCC or other countries and from various news sources.


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Wednesday, October 15, 2008

Grand Avenue Project to go Ahead

Korean firm to invest $100 million in Grand Avenue project
Los Angeles Times - CA, USA
The developer of the massive Grand Avenue project in downtown Los Angeles said Tuesday that it had secured an additional financial partner for the long-delayed project.
The Korean investment firm Honua Group will invest $100 million in capital funds in the first phase of the project, which has been subjected to a series of delays as the credit market has tightened. ...

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