New York Life Insurance Co. has invested Rs 388 crore for a 49% equity stake in two commercial projects in Delhi and Noida by Max Estates SPV. This makes New York Life a 49% partner in all commercial projects by Max Estates in Delhi-NCR. The two buildings are Max Tower in Noida and Max House in Okhla, with a total leasable area of around 600,000 sq ft. Max Towers and Max House are operational commercial real estate projects in Noida and Delhi. Max Estates will hold 51% in the two SPVs after the transactions.
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Douglas Orr
GREENSBURG RE/MAX Tower Greensburg recently announced Douglas Orr as its new Broker/Owner. Orr, an existing agent at RE/MAX Tower, purchased the brokerage from current Broker/Owner Shelley Hadler.
Orr found his passion for the industry after he started investing in real estate in 2014. After nearly a decade at Honda Manufacturing, he decided it was time for a career change. For Orr, deciding to join a RE/MAX brokerage was an easy decision. He started his career at RE/MAX Tower and is excited to take the leap into ownership at an office he cares about deeply.