According to lenta.ru, Tashir Group opened US$ 120 million shopping and entertainment complex RIO in Yaroslavl. With 70 thousand square meter total area, complex is situated on Tutaevsky road between regions Bragino and Kirovsky. This is the company's sixteenth shopping and entertainment complex, and Tashir Group planned to open another two in Saint Petersburg and Vologda. The complex includes a shopping gallery, a grocery hypermarket, Sportmaster specialized shop, 4-hall cinema, sport and entertainment centers, bowling, billiards, restaurants, 800 parking lots, etc. Tashir Group, one of the largest real estate holdings in Russia, was founded by Samvel Karapetyan in 1999. The Group builds shopping centers, office and residential complexes, warehouses, hotels in Moscow and in other regions. Up to 2011 the company has already built more than 60 commercial propeties with total area 1,2 million square meters. It should be also noted, that RBK's journal June issue included the raiting of the largest developers in Russia. The second place took Tashir Group with US$ 1.73 billion turnover. RBK's rating was based on company's figures, analysts' estimates, as well as their own data.

As reported by news.yahoo.com, the 70-story Trump tower opened in Panama City this week. The tallest building in Latin America, soaring 284 meters into the sky, is a resort and residential address that added to a real estate boom in Panama. The Trump Ocean Club reflects "the modern sensibility of the new generation of luxury travel," the company said in an invitation to the inauguration of the resort, where the cheapest room costs US$ 300 per night and homes sell for US$ 250 thousand to US$ 1 million. With an investment of US$ 430 million, the resort designed by Colombian architecture firm Arias Serna Saravia is home to 47 suites, 37 elevators, a spa, marina, casino and an island with a private beach. It also boasts a 900 square meter terrace with an oceanfront pool, personalized butler service and a convention center stretched across 4,200 square meters. The city's real estate boom has turned the capital of Panama into a "mini Dubai" of sorts, mirroring the wealthy Gulf city's skyscrapers and monumental buildings. With the Trump tower, Panama is now home to the three tallest buildings in Latin America. Both "The Point," which stands at 67 floors or 266 meters high, and "Ocean Two," which is just 20 meters shorter, opened this year.

As reported by chinadaily.com, the world's longest cross-sea bridge, spanning Jiaozhou Bay of Qingdao in East China's Shandong province, opened to traffic last week. The 41.58 kilometer, eight-lane Qingdao Jiaozhou Bay bridge, connecting the urban district of the city to its Huangdao district, cost US$ 2.3 billion. Construction started in May 2007. The bridge will shorten the route between the two centers by 30 kilometer, cutting travel time from more than 40 minutes to about 20 minutes. The bridge was built in four years, with several world records and national prizes achieved. Before that, it took more than 17 years for the authorities and experts to finish the exploration, planning, design and bidding for the project. According to telegraph.co.uk, the bridge is supported by more than 5,200 columns and was designed by the Shandong Gausu Group. The bridge is expected to carry over 30,000 cars a day. A staggering 450,000 tons of steel was used in its construction - enough for almost 65 Eiffel Towers - and 2.3 million cubic meters of concrete, equivalent to filling 3,800 Olympic-sized swimming pools. Chinese officials said that the bridge will be strong enough to withstand a magnitude 8 earthquake, typhoons or the impact of a 300,000 tonne vessel. Previously, the longest cross-sea bridge in the world was the Lake Pontchartrain Causeway built in Louisiana back in the 1950s. China is already home to seven of the world's 10 longest bridges, including the world's lengthiest, the 163 kilometer Danyang-Kunshan rail bridge, which runs over land and water near Shanghai. And with Beijing pumping billions into boosting China's infrastructure, the Qingdao Bridge will not be the world's longest sea bridge for very long. In December 2009, work started on a 49.6 kilometer bridge that will link Zhuhai in southern Guangdong Province, China's manufacturing heartland, with the financial centre of Hong Kong. The project is expected to be completed in 2016.

According to constructiondigital.com, Russian President Dmitry Medvedev fears that Russia's construction plans for the 2012 Asia-Pacific Economic Cooperation (APEC) Summit may face delays. Russia has been undergoing several construction projects in preparation for the APEC Summit, the first of many world events that the country will be hosting in the next decade. The country will also be hosting the 2014 Winter Olympics, a Formula 1 car race in 2015, the 2016 Ice Hockey World Championship, and the 2018 World Cup. The Russian government has committed 662.9 billion rubles ($23.8 billion USD) for construction projects on the surround infrastructure around the island and the nearby city of Vladivostok. The 150 year-old city is home to a population of 616,740 citizens. As reported by kommersant.ru, during presidents official visit to island Russky was found that for a year before summit, in Vladivostok are ready only 20 percent of planned five-star hotels and this 20 percent represent a pair of concrete skeletons. Medvedev has ordered Russian officials to design a backup plan in case a suspension bridge being built on the island isn't prepared in time. Another bridge currently under construction over Vladivostok's Golden Horn Bay may also be as much as a full year behind schedule. Over 26,000 workers are involved in the construction projects on different facilities, including more than 11,000 foreign citizens. For a year before in island only 53.7 percent of construction projects were ready. The whole project includes over 96 buildings and only 6 of it were put into operation. Construction of 69 buildings is anderway and 13 are in the plannig stage, another 6 didn't even begain to design, marked kommersant.ru. Despite of all this delays, during his official visit Russian President Dmitry Medvedev summed up - '' one may long to adjust deadlines for construction objects. However, the APEC summit will open on September 1, 2012, and this date can't be moved''. Russia was awarded the role as host for the APEC Summit during the group's 2007 meeting in Sydney, during the second term of then-President Putin who sought to increase the country's role with other Asian countries. Last year, China became Russia's top trading partner with trade jumping by 50 percent to $59 billion.

According to the report issued by State Committee of Real Estate Cadastre of the Republic of Armenia, real estate market of Armenia activated, real estate transactions increased, but property prices dropped. In May 2011 in Armenia were carried out 16.643 thousand real estate transactions. Compared to the previous month this index increased by 2 percent and compared to the same month last year by 23.1 percent. According to report on the first place is Yerevan with 32.3 percent transactions, the second is Kotayk with 15 percent, and the third is Lori with 8.2 percent. As reported by research, in May 2011 were carried out 4.065 thousand alienation transactions, 79.6 percent of which were sale transactions, 19.5 percent were donations and 1 percent was exchange. Compared to the previous month the index of alienation transactions increased by 1.5 and compared to the same month last year by 21.7 percent. As noted in report, in May 2011 in Yerevan 66.2 percent of sales transactions were recorded in residential buildings. This index compared to the previous month dropped by 3.9 percent, and increased by 30.4 percent compared to the same month last year. The report also contains the property average prices both in administrative regions of Yerevan and in the other cities of Armenia. In Yerevan the highest prices were in Kentron - 1 square meter costs US$ 1,170 , on the second place was Arabkir - US$ 900 for 1 square meter, and the third place took Qanaqer-Zeytun with US$ 710 respectively. In the capital the lowest price for houses was in Nubarashen - US$ 380 for 1 square meter. In May 2011 in regions were sold 315 apartments. Compared to the previous month this index increased by 1.3 percent, and compared to the same month last year by 14.4 percent. The most expensive property in regions was in cities Vagharshapat with average price US$ 435 for 1 square meter and in Abovyan - US$ 425. According to the report, in May 2011 were registered about 211 mortgage loans, 141 of them in the capital. Compared to the previous month this figure dropped by 2.3 percent, including the capital drop by 17.5 percent, and in the regions increase by 55,6 percent. Compared to the same month last year this figure increased by 37 percent, including 22.6 percent increase in Yerevan and 79.5 percent increase in regions. In region this great increase probably depends on government program "affordable housing for youth".