Construction, Real Estate & Infrastructure

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.

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.

St. Louis – November 04, 2026 -- Public power utilities can replace piecemeal, emergency-driven facility spending with a four-to-six-month planning study that sizes space needs 20 to 30 years ahead, according to design-build firm Cooperative Building Solutions (CBS).

CBS says many utility operations centers and headquarters were built decades ago for smaller fleets and workforces. Trucks have grown larger, storm response is more demanding, and SCADA, AMI and fiber systems now require space, security and redundancy. Roof replacements and warehouse additions made one at a time can lock a utility into buildings that no longer fit its operations.

Berlin – November 04, 2026 -- The new MODULAR BUILD trade fair for modular, serial and industrially prefabricated construction has secured backing from the German federal housing ministry, the construction industry association HDB and more than a dozen leading firms ahead of its debut on 2-4 November 2027 at Messe Berlin.

The kick-off took place on 3 November in the rbb Dachlounge in Berlin. State Secretary Dr. Olaf Joachim of the Federal Ministry for Housing, Urban Development and Building attended, as did representatives of the Federal Chamber of Architects. The ministry has assumed patronage of the fair, which is organized by HINTE Expo & Conference GmbH.

Scottsdale – November 04, 2026 -- Mattamy Homes has acquired 59 finished homesites in Legacy Place, an established master-planned community in Glendale, Arizona. The transaction closed Oct. 29, 2026.

Mattamy plans five single-family designs from 1,565 to 2,692 square feet

The homebuilder will offer single- and two-story plans with three to four bedrooms, two to three bathrooms and two-car garages. Don Barrineau, Division President of Mattamy Homes Phoenix, said the site lets the company "add new homes in an established part of the West Valley" where much of the surrounding area is already built out.

Construction starts February 2027, with first move-ins set for June

Home construction is scheduled to begin in February 2027. Sales are expected to open in April 2027, and the first homeowners are anticipated to move in beginning in June 2027.

Olpe – November 04, 2026 -- SCHELL's app for its digital E2 fittings generation has won the German Design Award 2027, taking the "Winner" title in the "Excellent Communications Design - App" category. It is the second major award for the app in a short period.

The German Design Council has presented the award since 2012. For the 2027 edition, 3,159 projects from 51 countries were submitted. A jury of 43 experts from business, academia, science and industry assessed the nominated entries in a multi-stage selection process. The award ceremony takes place on January 29, 2027, at the Frankfurt am Main exhibition grounds at the start of Ambiente.

App covers commissioning, control, monitoring and documentation of E2 fittings

The SCHELL App serves installers, facility managers and building operators. Factory-integrated Bluetooth® connects the fittings to the app within seconds for setup and configuration.

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.

BEIJING – November 04, 2026 -- Members of the Asian Infrastructure Investment Bank (AIIB) have announced USD83.5 million in new commitments to the Bank's Project Preparation Special Fund, lifting total contributions and commitments to about USD213 million.

Fund has approved USD110 million in grants for 45 projects across 13 members

Established in 2016, the fund pools member resources to finance project preparation, with particular attention to the needs of less developed AIIB members. As of September 2026, it had approved USD110 million in grants covering 45 projects in 13 AIIB members.

Over the past decade, the grants have helped AIIB teams and clients build climate resilience, sustainability, digital innovation and institutional capacity-building into project preparation.