Construction, Real Estate & Infrastructure

DALLAS – October 29, 2026 -- United Real Estate has launched VPR | United, a Gulf Coast brokerage covering communities from Mobile, Alabama to Orange Beach, Gulf Shores and Destin, Florida, citing a 26% population increase in the Destin area between 2020 and 2024.

Atlanta's largest brokerage leads the expansion

Virtual Properties Realty is leading the move. The United Real Estate company was Atlanta's largest residential brokerage by homes sold in 2025, according to the Atlanta Business Chronicle. Jamie Mertz is Principal Broker of VPR | United.

Population data underpins the demand case

The Fort Walton Beach-Destin-Crestview MSA grew 26% from 2020 to 2024, according to the Florida Office of Economic & Demographic Research. The U.S. Census Bureau reports that the Daphne-Fairhope-Foley MSA expanded from 182,000 residents in 2010 to more than 260,000 today.

Düsseldorf – October 29, 2026 -- Landlords who have rented to the same tenants for at least 20 years collect an average net rent of €8.29 per square meter, against €16.20 on a new contract, roughly half. The figures come from the Vermieterspiegel 2026, published by property software provider immocloud with scientific support from EBS University for Business and Law. The study analyzed anonymized data from running leases in twelve large German cities.

Portals and rent indices miss the existing-lease gap

Property portals show only asking rents. The official rent index (Mietspiegel) covers only rents agreed or changed in the past six years. Neither source records what tenants in long-running contracts actually pay.

immocloud CEO Bastian Bauwens said many private landlords set rents without a reliable benchmark. He said the company can measure existing-stock rents because it manages more than 550,000 units.

CHARLOTTE – October 29, 2026 -- Quarterra has appointed Jeb Cox, whose career spans nearly 14,000 apartment homes and more than $2.1 billion in capitalization, as Managing Director of Development, Texas.

Cox takes charge of the full development cycle across Texas

Cox will oversee new multifamily development initiatives statewide and lead a divisional team through every project phase. Those phases are land sourcing, entitlements, capitalization, design and construction execution, optimizing marketability and operability, lease-up and disposition.

Cox brings nearly 20 years of institutional multifamily experience

Cox has spent nearly 20 years leading development of institutional-quality multifamily communities. He spent more than a decade at Mill Creek Residential before joining Quarterra, and previously served at Trammell Crow Residential and Creekstone Partners.

ATHENS – October 29, 2026 -- Greece Sotheby's International Realty has published closed-transaction data for the Ionian prime market, covering €200.8 million of completed sales on Corfu, Paxos, Lefkada and Kefalonia since 2018, including six sales above €10 million. The report, titled The Prime and Super-Prime Ionian Property Market, relies on sales the firm brokered itself rather than on asking prices.

Corfu accounts for €138.3 million of the firm's Ionian sales, five of them above €10 million

The Corfu record includes the island's two highest residential sales: a Kassiopi property sold in 2024 for more than €15 million and a Nissaki property sold in 2026 for between €14 million and €15 million. On Paxos, the firm completed the three highest prices ever paid on the island, the first just above €5 million. It also holds the highest-value sale on both Lefkada and Kefalonia. Its Private Office closed the Lefkada deal, at around €11 million, in 2024.

Velburg – October 29, 2026 -- The new bridge near Pirna, Germany, now costs about €288 million, up from an original €36 million. That is an eightfold increase, which construction cost expert Peter Burnickl attributes mainly to a delay of more than 20 years.

Inflation and energy costs compound over decades of delay

Burnickl, managing director of Pro Bauherr GmbH and a registered expert witness for construction costs and building services, says such overruns rarely trace back to a single error. In his analysis, a chain of problems drives them. Inflation, rising material prices and higher energy costs make building more expensive every year. A cost estimate drawn up decades earlier can become entirely unrealistic.

He also cites possible planning errors, late changes and poor coordination between trades as contributing factors.

AMSTERDAM – October 29, 2026 -- Ferrovial N.V. (Nasdaq and Spanish exchanges: FER) declared an interim scrip dividend totaling EUR 600 million, payable in cash or in new or treasury Ferrovial shares at each shareholder's election and funded from the company's reserves.

Per-share amount due November 3, ex-dividend dates set for November 5 and 6

The dividend per share will be set on the number of shares outstanding on the relevant ex-dividend date, and Ferrovial expects to announce it on November 3, 2026. Shares trade ex-dividend on November 5 on the Madrid, Barcelona, Bilbao and Valencia exchanges and on November 6 on Nasdaq's Global Select Market. The record date is November 6, 2026.

AMSTERDAM – October 29, 2026 -- Ferrovial's adjusted EBITDA rose 21.8% year over year on a like-for-like basis to €1.2 billion in the first nine months of 2026, while revenue climbed 10.8% to €7.4 billion. The infrastructure group credited its U.S. Express Lanes and a solid Construction division for the double-digit growth.

Ferrovial ended the period with liquidity of €5.1 billion and consolidated net cash of €1.7 billion, both excluding infrastructure projects.

Highways revenue grows 14.7% to €1.1 billion as North American projects pay €524 million in dividends

Adjusted EBITDA in the Highways division increased 12.4% on a like-for-like basis to €816 million. Revenue per transaction on the U.S. Express Lanes grew robustly and significantly outpaced U.S. inflation.

Austin – October 29, 2026 -- Summit Hotel Properties, Inc. (NYSE: INN) declared a third-quarter common dividend of $0.08 per share, an annualized yield of 4.6% based on the October 26, 2026 closing share price.

The same $0.08 amount applies per common unit of limited partnership interest in Summit Hotel OP, LP, the company's operating partnership. The quarter ended September 30, 2026.

Summit's board declares dividends on two preferred stock series

The board declared $0.390625 per share on the 6.25% Series E Cumulative Redeemable Preferred Stock for the dividend period ending November 30, 2026. It also declared $0.3671875 per share on the 5.875% Series F Cumulative Redeemable Preferred Stock for the same period.

Denver – October 29, 2026 -- Earlytrade, a construction fintech that has negotiated more than $3 billion in early payments globally, has named Palmer Consulting Group its preferred CMiC integration and implementation partner. Palmer will also offer Earlytrade to its CMiC clients as its recommended early payment provider.

General contractors on CMiC can connect to Earlytrade in six to eight weeks

Palmer configures the integration to each general contractor's CMiC environment and guides implementation and adoption. Initial deployments target CMiC on-premise and PaaS environments. CMiC Cloud capabilities are planned as part of the joint roadmap.

Finance teams keep their current accounting workflows, and approved subcontractor invoices become available for early payment.

Rancho Cucamonga – October 28, 2026 -- Standard & Poor's Global Ratings (S&P) has affirmed nonprofit affordable housing developer National CORE's A+ credit rating for a fourth consecutive year, citing EBITDA that nearly doubled year over year and operating margins above 20%.

S&P points to revenue growth that outpaced expenses

S&P's rating rationale lists six strengths: very strong management and governance, including stable leadership and a three-year strategic plan; revenue growth that materially outpaced expenses; operating margins above 20%; a growing fee-managed portfolio; a geographically diverse portfolio; and extremely strong liquidity.

National CORE became only the second nonprofit affordable housing developer in the U.S. to secure an A+ rating from S&P in 2021. The following year it issued $100 million in social bonds, opening a new source of capital for housing acquisition, development and rehabilitation.