Commercial Real Estate

PHOENIX – – November 05, 2026 -- Dircks Moving & Logistics has leased 337,897 square feet of industrial space at 7210 W. Van Buren Street in Phoenix, lifting its total Phoenix industrial footprint above 1 million square feet.

Tenant-only advisory firm Keyser represented Dircks in the deal, which was finalized in October 2026. The lease is scheduled to commence in the first quarter of 2027.

Keyser fields three-person team for Dircks deal

Jonathan Keyser, Managing Partner, Ryan Steele, Partner and Industrial Practice Group Leader, and Dimitri Anagnostopoulos, Industrial Commercial Real Estate Advocate, represented Dircks. Matt Dircks, President and CEO of Dircks Moving & Logistics, said the company seeks industry-leading partners as it grows and credited Keyser's team with support throughout the process.

CHICAGO – November 03, 2026 -- First Industrial Realty Trust, Inc. (NYSE: FR) declared a common stock dividend of $0.50 per share/unit for the quarter ending December 31, 2026, payable on January 19, 2027.

Board sets December 31 record date for the fourth-quarter payout

The company's board of directors approved the dividend. Stockholders of record on December 31, 2026 are eligible, and payment follows on January 19, 2027.

U.S.-only logistics portfolio spans 72.9 million square feet across 15 markets

First Industrial describes itself as a U.S.-only owner, operator, developer and acquirer of logistics properties. As of September 30, 2026, it owned and had under development approximately 72.9 million square feet of industrial space concentrated in 15 target metropolitan statistical areas (MSAs).

The company said its tenants include multinational corporations and regional firms that rely on its facilities for their supply chains.

CALGARY – November 03, 2026 -- Boardwalk Real Estate Investment Trust (TSX: BEI.UN) reported Q3 2026 Funds From Operations of $1.21 per Unit, down 1.6% from Q3 2025. Higher property taxes outweighed modest revenue growth, while the Trust cut leverage to 9.02x Debt to EBITDA through asset sales and unit buybacks.

Property taxes trim Q3 margin by 100 basis points

Same Property Net Operating Income (NOI) fell 1.1% to $98.2 million, even as Same Property rental revenue rose 0.9% and occupancy held at 97.0%. Total NOI declined 2.0% to $106.2 million. Operating margin slipped 100 basis points to 66.4%, which the Trust attributed mainly to year-over-year property tax increases.

Austin – November 03, 2026 -- Summit Hotel Properties (NYSE: INN) raised its full-year 2026 guidance after third-quarter operating income rose 90.3% to $16.3 million and Adjusted EBITDAre gained 11.8% to $43.9 million, driven by a 7.2% jump in pro forma RevPAR.

Pro forma hotel EBITDA climbs 14.4% as margins widen 191 basis points

Pro forma RevPAR reached $126.17 in the quarter. Pro forma ADR rose 5.3% to $167.95, and pro forma occupancy increased 1.8% to 75.1%. Pro forma hotel EBITDA grew to $60.4 million from $52.8 million a year earlier, and the margin expanded 191 basis points to 32.6%.

CEO Jonathan Stanner said operating fundamentals "accelerated meaningfully during the quarter," with midweek demand in urban markets and a recovery in business transient travel leading the gains. He also cited continued strength in group demand across most markets and all demand segments.

SAN FRANCISCO – November 03, 2026 -- Lead-to-tour conversion rose 35% in a randomized A/B test across 311 communities run by Weidner Apartment Homes, after Apartment List and Grotto AI integrated renter search data into leasing agents' live coaching.

Grotto feeds Apartment List renter preferences to agents before calls and tours

Apartment List, an AI-powered rental platform, has partnered with Grotto AI, a provider of sales coaching and on-site visibility for apartment leasing teams. Renters on Apartment List enter their budget, move-in date, pets and must-have amenities during search. Grotto's platform shows those preferences to leasing agents before they speak with a prospect.

Grotto combines the renter information with property details and available inventory. It then coaches agents in real time on when to use it during conversations.

REDONDO BEACH – November 03, 2026 -- SecureSpace Self Storage has opened four facilities totaling 751,000 square feet and 5,580 units in the Dallas-Fort Worth MSA, lifting its nationwide portfolio to 101 stores and past the 100-location mark for the first time.

Four Class A properties mark the company's first Dallas-Fort Worth entry

The sites are rebranded as SecureSpace Saginaw, SecureSpace Chisholm Trail, SecureSpace West Plano and SecureSpace Euless. Each is a large-format, multi-story Class A facility built between 2022 and 2024, and more than 90% of the space is climate-controlled.

Euless draws 47,000 vehicles daily, double the other three sites

SecureSpace Euless sits along Trinity Boulevard and South Highway 157, where more than 47,000 vehicles pass each day. The other three stores average about 22,000 vehicles per day on their main thoroughfares.

Cologne – November 03, 2026 -- COLLECTION Business Center in the Wallarkaden at Rudolfplatz 3 lets companies hold a Cologne business address without leasing a permanent office, separating the question of where a firm is present from how much floor space it needs.

Fifth-floor center combines address, phone service and bookable rooms

The center occupies the 5th floor of the Wallarkaden, in Cologne's inner city. Eric Kuster Metropolitan Living designed the interiors. Reception, personal support and roof terraces complement the work and meeting areas.

KVB stadtbahn lines 1, 7, 12 and 15 and bus lines 136 and 146 stop at Rudolfplatz. Parking with access to the business center is available at the building.

Chanhassen – November 02, 2026 -- Life Time (NYSE: LTH) and developer Dewitt Carolinas broke ground on Life Time Living at The Exchange Raleigh on Oct. 29, starting Phase Two of the 40-acre, $1 billion master-planned development in Midtown Raleigh. The residential tower is planned to open in 2028.

Tower pairs leased residences with an 80,000-square-foot athletic country club

Life Time Living is a vertically integrated tower of high-end multifamily residences for lease. It will be built together with a four-level, 80,000-square-foot Life Time athletic country club and a 40,000-square-foot rooftop beach club. The rooftop space will hold a leisure pool, a six-lane lap pool and four pickleball courts. Both clubs will be open to residents and to Life Time members.

GERMANTOWN – November 02, 2026 -- Mid-America Apartment Communities (NYSE: MAA) priced a $350 million offering of 5.350% senior unsecured notes due December 15, 2031, through its operating partnership, Mid-America Apartments, L.P. (MAALP).

Notes priced at 99.584% of principal under existing shelf registration

The notes were priced at 99.584% of principal, a discount of 0.416% to par. MAALP issued them under its existing shelf registration statement. Closing is expected on November 12, 2026, subject to customary conditions.

Proceeds to pay down revolver and commercial paper borrowings

MAALP will use net proceeds to repay amounts outstanding under its unsecured revolving credit facility and its unsecured commercial paper program. Remaining funds are earmarked for general corporate purposes. Those may include repaying other debt and acquiring, developing and redeveloping apartment communities.

Leinfelden-Echterdingen – November 03, 2026 -- Only 2.2% of surveyed real estate professionals in Germany report higher demand for renovation-needy properties after the political retreat from the previous heating law, according to a Remax Germany market survey of about 800 experts.

The opposite trend dominates. 31.1% of respondents say demand for older buildings needing refurbishment has fallen slightly since the latest amendment to the Building Energy Act (GEG). Another 26.7% report a significant decline, and 15.6% a sharp one. Together, those three groups make up 73.4% of respondents. A further 24.4% see no effect from the amendment.