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CubeSmart’s second-quarter net income rose to $89.6 million even as same-store NOI dipped 0.7%. The self-storage REIT also unveiled a new joint venture with Heitman covering 15 stores valued at $197 million.
Granite Construction’s second-quarter revenue rose 29% to $1.455 billion and adjusted EBITDA climbed 22%, even as a debt-settlement charge produced a reported net loss. Data-center-related backlog tripled to $223 million.
Toronto-based Vital Infrastructure Property Trust bought the East New York Health Hub, a 142,249-square-foot medical office building in Brooklyn, for $89.9 million, funded by European asset sale proceeds.
Seattle’s City Council passed legislation eliminating Hearing Examiner appeals for environmental review of zoning and comprehensive-plan decisions, aiming to remove a process officials say has delayed housing development for years.
Permanent loan modifications on Fannie Mae and Freddie Mac loans rose 4.7% in April even as total foreclosure-prevention actions fell 8.7%, FHFA data shows, as the GSEs shift toward shorter forbearance periods.
Healthpeak Properties bought the Allegro Senior Living community in St. Augustine, Fla., for $54 million, adding to the healthcare REIT’s senior housing portfolio amid strong sector-wide investor demand.
The Fed’s preferred inflation gauge fell 0.1% for the month in June, the first monthly decline in six years, even as annual PCE inflation stayed at 3.7% and the personal saving rate dropped to its lowest since 2022.
The share of home builders reporting increased local M&A activity grew from 14% to 21% over the past year, and those approached about being acquired doubled to 18%, an NAHB survey analysis finds.
Mayor Brandon Johnson joined developers to break ground on converting a 25-story office tower at 500 N. Michigan Ave. into 320 apartments, including 64 affordable units, in a $162 million project.
Atlanta-based Varcity closed financing on a 239-unit retirement community inside Purdue University’s Discovery Park District, the first of a planned national network of campus-anchored senior housing.
A Florida legislative watchdog report found building officials identified 54 condominium buildings as unsafe or uninhabitable in 2024 and 2025 milestone inspections, but confirmed only five were actually vacated, amid significant gaps in statewide reporting.
The Clarksville City Council approved industrial revenue bonds backing Serverfarm’s $6.6 billion data center campus, capping a financing process that drew community pushback over transparency.
Blackstone Mortgage Trust posted an $81.2 million second-quarter net loss as credit reserves tied to a defaulted Chicago office loan offset revenue that beat estimates, while the company redeployed capital toward residential and industrial loans.
A penthouse atop Manhattan’s landmarked Sohmer Piano Building sold for $10.147 million at Sotheby’s New York, headlining a two-day Concierge Auctions sale that drew more than $520 million in aggregate bids across eight properties.
Goldman Sachs’ Urban Investment Group is providing a $116 million construction loan toward a $269 million redevelopment of Parkside Commons, a 393-unit affordable housing complex on Syracuse’s East Side.
KKR reported record fee-related and total operating earnings for the second quarter, with its Real Assets segment — covering real estate, infrastructure and energy — posting 18% AUM growth and the firm’s largest single-segment capital raise.
Amazon now expects to spend about $220 billion on capex in 2026 as AWS backlog hits $496 billion, underscoring how much of the AI boom is landing as physical data center construction in states like Indiana, Louisiana and Oregon.
A group of landlords and property managers has proposed a $359.9 million settlement resolving nationwide antitrust claims that RealPage revenue-management software let them coordinate apartment rents. The deal still needs court approval.
A new First Street analysis finds severe thunderstorms caused $82 billion in global losses in 2025, overtaking hurricanes as the costliest insured peril and driving rate hikes and non-renewals in hail-prone U.S. markets.
Camden Property Trust sold 11 Southern California apartment communities totaling 3,620 units for about $1.625 billion, redeploying proceeds into debt paydown, share buybacks and Sunbelt acquisitions.
Intercontinental Exchange’s Mortgage Technology segment grew revenue 5% to $557 million in the second quarter, while operating income more than quadrupled to $45 million as Closing Solutions led product-line growth.
VICI Properties President John Payne disclosed on the REIT’s Q2 earnings call that VICI and Caesars Entertainment are developing plans for an NBA arena on 50 acres of jointly owned land behind three Las Vegas Strip resorts.
The Bureau of Reclamation’s final Environmental Impact Statement sets a new Colorado River operating framework through 2036, requiring Arizona, California and Nevada to share cuts of up to 3 million acre-feet as the river’s supply falls short of historical assumptions.
Miami developer Neology Group closed an inaugural $175 million capital raise, giving it nearly $1 billion in transactional capacity to pursue mixed-use and district-scale projects across the Southeast, including a Rubell Arts District partnership.
American Homes 4 Rent grew second-quarter revenue 2.8% and raised full-year Core FFO guidance for a second straight quarter, as renewal rent growth continued to outpace new-lease pricing across its 60,482-home portfolio.
Boston and the U.S. Army Corps of Engineers released a draft plan for more than 20 coastal flood-protection projects, a roughly $10 billion program the city says would prevent an estimated $41 billion in future flood damage.
A New York City family has agreed to pay $47 million for a duplex penthouse at the under-construction St. Regis Residences in Miami’s Brickell district, one of the highest condo prices ever recorded in the neighborhood.
The OCC and FDIC proposed amendments to Community Reinvestment Act rules that would exempt banks under $10 billion in assets from certain reporting requirements and narrow which retail banking services count toward CRA credit.
The SEC alleges non-traded REIT RAD Diversified and its founders misrepresented profitability, stock valuation and liquidity while raising $152 million from over 5,500 retail investors nationwide.
Housing’s contribution to U.S. GDP slipped to 15.8% in Q2 2026, the lowest since 2019, as NAHB data show residential investment turning positive while housing services growth softened.
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