Commercial Real Estate

Riyadh – September 30, 2026 -- Dar Global, the London-listed luxury developer, posted a 66% revenue increase to US$258.0 million for the six months ended June 30, 2026, up from US$155.4 million in HY 2025.

Net profit more than doubles as margins widen across the portfolio

Gross profit climbed 85% to US$87.7 million, lifting margins to 34% from 31% a year earlier. EBITDA rose 73% to US$46.3 million, while net profit surged 149% to US$30.4 million from US$12.2 million, driven by revenue recognition on The Astera, Interiors by Aston Martin, and Neptune, Interiors by Mouawad.

Los Angeles – September 30, 2026 -- A newly filmed segment of the public-television series "Viewpoint hosted by Dennis Quaid" profiles Southern Illinois Now (SI NOW), an economic development organization that has unified a 17-county region into a single point of contact for companies weighing relocation away from saturated metropolitan markets.

SI NOW consolidates 17 counties into one negotiating front for site selection

Rather than compete against one another for incoming industry, the counties in SI NOW's network pool infrastructure, workforce data and logistics assets under a shared regional brand. The organization positions this as a direct answer to fragmented local competition, which it says confuses incoming businesses, dilutes talent pools and duplicates administrative costs across neighboring municipalities.

Albany, N.Y. – September 29, 2026 -- Foss & Company has closed four historic rehabilitation investments in Buffalo, Albany, Fredonia and Kingston, New York, creating or preserving 156 affordable housing units by pairing state and federal Historic Tax Credits with New York State Homes and Community Renewal's (HCR) Small Building Participation Loan Program (PLP).

Four New York buildings convert to 156 affordable units via blended financing

The Eckhardt Building, a 1940s former department store in Buffalo's Broadway-Fillmore Historic District, is now complete with 28 apartments restricted to an average of 65% Area Median Income (AMI) and roughly 22,000 square feet of commercial space leased to a nonprofit child day care provider.

Pasadena, Calif. – September 28, 2026 -- Alexandria Real Estate Equities, Inc. (NYSE: ARE) has closed an amended $5.0 billion unsecured senior line of credit, pushing the facility's maturity to January 2032 and cutting its borrowing margin by 11 basis points. The amended agreement became effective September 24, 2026.

Maturity extended by two years through staged extension options

The amendment moves the facility's maturity date from January 22, 2030 to January 22, 2032, contingent on Alexandria exercising two available six-month extension options, subject to certain conditions. The move preserves the life science REIT's revolving credit capacity and extends its debt maturity ladder.

Borrowing rate drops to SOFR plus 0.725%

The applicable borrowing rate falls to SOFR plus 0.725%, down from SOFR plus 0.835%, an 11-basis-point reduction that lowers Alexandria's cost of capital on the facility.

West Palm Beach – September 28, 2026 -- Sterling Organization has acquired a three-property, grocery-anchored shopping center portfolio totaling 277,057 square feet on behalf of its Sterling United Properties (SUP) fund series. The portfolio is 99% leased collectively and spans two California assets and one Hawaii property, each anchored by a Safeway supermarket.

Portfolio combines Bay Area and Honolulu assets across 277,057 square feet

The acquisition includes Safeway Burlingame, a 70,174-square-foot center that is 100% leased, and Pleasanton Gateway Shopping Center, a 128,275-square-foot property that is 99% leased, both in the San Francisco Bay Area. The third asset, Kapahulu Shopping Center in Honolulu, totals 78,608 square feet and is 97% leased, marking Sterling's first investment in Hawaii.

Tampa, Fla. – – September 28, 2026 -- Universal Parking has secured a new parking management contract for Bayshore Gardens, an office complex along Tampa's Bayshore Boulevard corridor, extending its Southeast footprint in high-traffic mixed-use properties.

Self-park garage adds covered and touchless access near Hillsborough Bay

The facility, with an entrance on S. Ysabella Avenue between Barcelona Wine Bar and Altura Bayshore, includes covered parking, accessible spaces and touchless entry designed for tenants and visitors to the waterfront office campus.

Contract deepens existing partnership with property owner Asana Partners

Justin Kinsey, CPP, Vice President of Operations – Central Florida at Universal Parking, said the company aims to deliver a seamless parking experience for Bayshore Gardens as South Tampa's tenant and visitor base grows.

New York – September 28, 2026 -- Brixmor Property Group Inc. (NYSE: BRX) and Everview Partners have entered definitive agreements to acquire Slate Grocery REIT in a transaction valued at $2.34 billion, splitting the portfolio between a wholly owned Brixmor acquisition and a newly formed joint venture backed by a subsidiary of the Abu Dhabi Investment Authority.

Brixmor takes wholly owned stake in 23 centers for $636 million

Brixmor will directly acquire 23 grocery-anchored shopping centers totaling approximately three million square feet for $636 million, gaining a 100% interest in 22 assets and a 50% stake in one. The portfolio is 96% leased and sits entirely within Brixmor's existing footprint, concentrated in Florida, Georgia and the Carolinas, with anchors including Publix, Harris Teeter and Kroger.

San Francisco – September 25, 2026 -- Novogradac will convene investors, fund managers, developers and advisors at its 2026 Fall Opportunity Zones Conference on Oct. 29-30 at the Fairmont Washington D.C. Georgetown, as the U.S. Department of the Treasury prepares to finalize new OZ designations this fall.

One Big Beautiful Bill Act locks in permanent OZ incentive

The opportunity zones tax incentive has been made permanent under the One Big Beautiful Bill Act, giving market participants long-term planning certainty ahead of the next designation cycle. Novogradac's conference will open with an update on the latest policy and legislative developments affecting OZ investment structuring.

Stockholm – September 25, 2026 -- Skanska has divested the second phase of its H2Offices complex in Budapest, Hungary, for EUR 98 million, roughly SEK 1.1 billion, to the ERSTE Open-Ended Real Estate Investment Fund.

Skanska records EUR 98 million Budapest office sale in Q3 2026

The buyer is represented by ERSTE Alapkezelő Zrt., and Skanska Commercial Development Europe will book the transaction in the third quarter of 2026. Property transfer is scheduled for the fourth quarter of 2027.

Global tenant secures 22,000 square meters under a 10-year lease

The second phase offers approximately 22,000 square meters of leasable area, fully let to a global company under a 10-year agreement. The building is under construction and set for completion in the first quarter of 2027.

San Francisco – September 24, 2026 -- The U.S. Bankruptcy Court for the District of New Jersey approved HouseCanary's first-day motions, granting the property intelligence provider access to debtor-in-possession financing and clearing the way for uninterrupted operations during its Chapter 11 reorganization.

Court clears customer, employee and financing relief on first-day hearing

The approved motions cover continuation of customer programs, employee obligations and ordinary-course business operations, alongside debtor-in-possession financing to bolster liquidity. A further hearing is scheduled for October to consider additional debtor-in-possession financing for the company.