Commercial Real Estate

New York – November 07, 2026 -- Hackberry Lane has closed multiple acquisitions adding approximately 1,650 student housing beds, lifting its owned portfolio to approximately 4,000 beds. The vertically integrated student housing investment and operating company bought assets in Gainesville, Florida, and Tuscaloosa, Alabama.

Deals concentrate capital near the University of Florida and University of Alabama

The newly acquired properties sit near the campuses of the University of Florida and the University of Alabama. Hackberry describes both as core markets in the Southeastern Conference footprint. The purchases add scale to the firm's in-house operating platform. The company did not disclose transaction values or a per-market bed split.

Torrance – November 07, 2026 -- Partner Engineering and Science, Inc. has appointed Tiana Marbuery, PLS, as Technical Director of its ALTA Division, adding a licensed land surveyor with more than eight years of experience in surveying and geospatial services.

Marbuery will oversee surveying operations and delivery for public and private projects

Marbuery will run surveying operations, project delivery and technical quality. Her remit covers strategic planning, staff development, quality assurance, resource management and client relations. She will also integrate advanced surveying technologies and streamlined workflows to improve project efficiency, accuracy and client service.

New York – November 06, 2026 -- Ares Commercial Real Estate Corporation (NYSE:ACRE) reported third-quarter 2026 GAAP net income of $10.0 million, or $0.18 per diluted common share, and fully repaid and terminated a $90 million secured term loan after the quarter closed.

Distributable Earnings, a non-GAAP measure, reached $6.7 million, or $0.12 per diluted common share. The company said a gain on the sale of its REO office property contributed to the quarter's results.

Ares Commercial Real Estate cuts office and REO exposure

Reducing office and real estate owned (REO) investments remains a strategic priority, CEO Bryan Donohoe said. He added that the diversified loan portfolio continues to show overall stability, backed by the Ares Real Estate Debt platform.

CFO Jeff Gonzales said management is focused on its risk rated 4 and 5 loans. Resolving them would "advance the repositioning of our portfolio and enhance our future earnings."

MIAMI – November 06, 2026 -- Starwood Property Trust (NYSE: STWD) reported a third-quarter GAAP net loss of $389.7 million, or $1.08 per diluted share, driven by a $336.6 million credit loss provision and $32.2 million of non-cash property impairments. Distributable Earnings (DE), a non-GAAP measure, came in at $116.8 million, or $0.31 per diluted share, for the quarter ended September 30.

DE prior to realized commercial lending gains and losses reached $155.2 million, or $0.41 per diluted share. The company declared a dividend of $0.48 per share.

Starwood invests $3.2 billion in the quarter and $8.2 billion in nine months

Commercial lending accounted for $2.4 billion of third-quarter investments, the highest level in four years. That lifted the commercial lending portfolio to a record $17.8 billion.

Alpharetta – November 06, 2026 -- DDB Capital Fund LLC underwrites residential land investments without assuming future interest-rate cuts, testing each acquisition price against supportable builder lot pricing, infrastructure costs and financing expenses.

DDB Capital tests land prices against what builders can pay for lots

The firm, which focuses on the Southeast within the broader Sun Belt region, requires a project to work under current financing assumptions. Rate relief is not part of the viability case.

Managing Director Derek Distenfield said, "Lower interest rates can improve a project's economics, but they don't fix an excessive land price." Any benefit from lower rates, he added, should widen the margin of safety rather than become the reason to buy.

IRVINE – November 05, 2026 -- Median home prices rose year-over-year in 48.9 percent of Opportunity Zone census tracts in the third quarter of 2026, compared with 51.6 percent of tracts outside the zones, according to a new report from property data provider ATTOM.

The analysis covered 3,805 Opportunity Zone tracts with at least five home sales in the quarter. These are the qualified low-income areas Congress targeted for redevelopment in the Tax Cuts and Jobs Act of 2017.

Price growth was more common outside Opportunity Zones

Year-over-year gains were recorded in 1,598 of 3,265 Opportunity Zone tracts with sufficient data in the third quarters of 2025 and 2026. Outside the zones, prices rose in 28,212 of 54,704 tracts. Quarter-over-quarter, median single-family home and condo prices rose in 48.1 percent (1,651) of 3,431 zone tracts with data in both the second and third quarters.

ENGLEWOOD, N.J. – November 05, 2026 -- Kennedy Funding has closed a $3,633,000 loan for Port of the Islands Resort, a mixed-use condominium and hospitality property at 25000 Tamiami Trail East in Naples, Florida.

The financing gives borrower A&T Investment LLC capital to pay off about $1.6 million in three existing loans, fund renovations and remodeling, and provide working capital. Benjamin Birch, president of New York City-based commercial financing firm Stratas, brokered the transaction. He said Kennedy gave the borrowers "several concessions to make sure the deal closed."

Kennedy Funding takes on a mixed-use asset that strains conventional lending criteria

Kennedy Funding loan officer Chase Wolfer said mixed-use properties often fall outside traditional lending requirements. He said the borrower needed one financing to address existing debt while also funding improvements and operations.

BASILDON – – November 04, 2026 -- Starlight Investments has topped out The Mercantile, a 492-home build-to-rent (BTR) development in Basildon Town Centre, after reaching the scheme's highest structural point.

Three mid-rise buildings will hold one- and two-bedroom apartments

The Mercantile comprises three mid-rise residential buildings and about 16,000 square feet of commercial and retail space. The site sits near Basildon railway station, which gives residents access to Central London and the wider South East.

Amenities include a gym, yoga studio, cinema, co-working spaces, residents' lounge, private dining room, games room, golf simulator, rooftop garden and landscaped podium. The scheme also provides bike storage, resident parking and pet-friendly features.

HELSINKI – November 05, 2026 -- Lumo Homes plc swung to a third-quarter pre-tax loss of EUR 87.7 million, against a profit of EUR 32.8 million a year earlier. Higher yield requirements drove a EUR 139.6 million negative fair-value result on investment properties, even as revenue rose 12.0 percent to EUR 127.3 million.

Lumo's third-quarter net rental income rises 11.5 percent to EUR 95.9 million

Net rental income represented 75.3 percent of revenue, compared with 75.7 percent a year earlier. Funds From Operations (FFO) increased 4.7 percent to EUR 46.1 million from EUR 44.1 million. Earnings per share were EUR -0.27, against EUR 0.11 a year earlier. Gross investments fell to EUR 10.6 million from EUR 13.6 million.

DENVER – November 05, 2026 -- Avanti Residential closed on the 88-unit Park Cheesman Apartments at 1177 Race Street in Denver for $31.0 million, or about $352,273 per unit, funding the deal by assuming the property's existing long-term, fixed-rate loan from Nationwide Life Insurance Company. The transaction closed on October 27, 2026.

Avanti pairs loan assumption with new Nationwide supplemental debt

Avanti is taking over the existing Nationwide fixed-rate loan and adding new supplemental financing from the same lender. Brian Fisher, Senior Vice President of Debt & Equity at Northmarq, arranged both the assumption and the supplemental loan.