Construction, Real Estate & Infrastructure

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.

Sarasota – November 06, 2026 -- FirstService Residential will provide full-service property management and lifestyle and amenities management for Mira Mar Sarasota, a 70-residence luxury development with pricing starting in the high $3 million range.

Developer Seaward Development selected the company, a subsidiary of FirstService Corporation (NASDAQ and TSX: FSV). Patrick DiPinto, principal at Seaward Development, said the choice rested on FirstService Residential managing more luxury condominium towers than any other company in North America.

Mira Mar spans two 18-story towers and restores a 1922 landmark

The development sits on South Palm Avenue in downtown Sarasota. It pairs contemporary waterfront living with the restoration and preservation of the historic Mira Mar building, originally established in 1922. Residences range from approximately 3,200 to 6,000 square feet.

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."

SHANGHAI – November 06, 2026 -- Otis holds the Guinness World Records title for "Tallest Elevator in a Building" after two of its SkyRise elevators at Tianjin 117 in China reached a rise of 597.2 meters. The company is the sole elevator and escalator provider for the 117-story supertall tower and is supplying 266 units.

Otis supplies all 266 elevators and escalators for the tower

The scope covers SkyRise and Gen3 elevators, Otis Link commercial escalators and heavy-duty Public Escalators. More than 200 Otis specialists have worked on the project, which runs on an expedited construction schedule. Tianjin 117 is due for completion by the end of 2027.

Sally Loh, President of Otis Greater China, said "extraordinarily tall buildings depend on extraordinary vertical transportation."

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.

Dallas – November 06, 2026 -- The average number of investor bids per off-market residential property on the iFinder Offers platform has risen 35.2% since 2024, according to the company's internal transaction data.

Bids per property climb for three consecutive years

Average bids per submitted property rose from 3.64 in 2024 to 4.46 in 2025, a 22.5% increase. Year-to-date 2026 stands at 4.92 bids per property, up 10.3% on the full-year 2025 average.

The data covers activity within iFinder's network of more than 325 vetted property investors. The company has received more than 6,500 property submissions since its 2019 founding.

Kearneysville – November 06, 2026 -- West Virginia American Water has started site preparation for the Central Grove Water Treatment Plant in Jefferson County, adding to more than $11.7 million the company has invested in local water and wastewater improvements over its first three years of ownership.

Site work starts near Goldenrod Drive and Marie Drive

The first phase covers selective tree clearing, grading, decorative fencing, landscaping improvements and well evaluation. Crews will also reseed the site and plant new trees. Nearby residents may see crews and equipment, and the company is asking them to stay out of work zones.

Bayport, Minn. – November 06, 2026 -- Andersen Windows has rolled out enhancements across its 400 Series and 100 Series lines, led by wider nationwide availability of triple-pane glass. The launch targets a renovation market in which 54% of homeowners completed a project in the past year, according to Houzz.

Andersen extends triple-pane glass across 400 Series windows

The company expanded nationwide availability of triple-pane glass on select 400 Series products and added triple-pane options for double-hung, picture and transom windows. Patio doors in the line gain black interior and exterior color options. Double-hung picture windows receive factory-applied interior wood trim, while casement and tilt-wash double-hung windows get contemporary grille profiles. Casement, awning and picture windows add contemporary glazing beads.

HERSHEY, Pa. – November 06, 2026 -- Milton Hershey School (MHS) has broken ground on Phase J of the Hershey West End development, a 138-unit for-sale residential community named Founders Grove.

MHS is acting as steward of MHS Trust Real Estate. The 138 homes are only the initial phase of development and will occupy 12 acres of Hershey West End.

Hankin Group joins MHS as joint-venture partner on the project

Hankin Group, a family-owned Pennsylvania real estate company based in Exton, will partner with MHS. Hankin Group President and CEO Bob Hankin credited collaboration between Derry Township and the school for the project's progress.