Construction & Property News

TORONTO--(BUSINESS WIRE)--Starlight Investments Capital GP Inc. ("Starlight Capital"), on behalf of Global Real Assets Trust (the "Trust"), announced today the Trust's financial results for the three months ended March 31, 2026. Q1 2026 HIGHLIGHTS Portfolio Investments As of March 31, 2026, the Trust had an investment of $190,160,252 (December 31, 2025 – $188,799,591) in the four Private Portfolio LPs and an investment in the Public Equity LP of $25,340,405 and $11,361,485 in two investments in...

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the signing of a definitive agreement to acquire up to 102 Mission Pet Health (“MPH”) veterinary properties for a purchase price of up to $268.0 million from Shore Capital Real Estate Partners Fund I. Mission Pet Health is one...

PHOENIX--(BUSINESS WIRE)--$910 Million Student Housing Portfolio Sale Facilitated by Institutional Property Advisors...

GREENWICH, Conn.--(BUSINESS WIRE)--QXO, Inc. (“QXO”) (NYSE: QXO) today announced that, in connection with its pending acquisition of TopBuild Corp. (“TopBuild”), it has commenced, through its wholly-owned subsidiary Titanium MergerCo, Inc., a Delaware corporation (the “Company”), tender offers (collectively, the “Tender Offers”) to purchase for cash any and all of the outstanding (i) 4.125% Senior Notes due 2032 (the “2032 Notes”) and (ii) 5.625% Senior Notes due 2034 (the “2034 Notes” and, tog...

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that Angela L. Kleiman, President and CEO, will be participating in a roundtable presentation at the 2026 Nareit REITweek Conference on Wednesday, June 3, 2026 at 2:00 p.m. Eastern Time. To listen to the panel, please visit the webcast link under the latest events section of the Company’s Investors website at www.essex.com. An archive of the webcast will be available for thirty days following the event. A...

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that Christina Chiu, President, Steve Horn, EVP, Chief Financial Officer, and Ryan Kass, EVP, Co-head and Chief Revenue Officer of Real Estate, will participate in a moderated Company presentation at the Nareit REITweek 2026 investor conference on Tuesday, June 2, 2026, from 1:45 p.m. to 2:15 p.m. Eastern Time. The Company presentation will be available via webcast. The live audio-webcast ca...

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE: CBL) announced today that it closed a $71.9 million non‑recourse loan secured by Hamilton Place in Chattanooga, Tennessee. The five‑year loan bears a fixed interest rate of 6.8% and replaces the property’s existing $85.5 million loan, which was scheduled to mature in June. “Hamilton Place is a core asset within our portfolio, and this financing, along with the more than $1.5 billion in financing activity completed over the past year, hi...

NEW YORK--(BUSINESS WIRE)--GID, a vertically-integrated real estate owner, operator, developer and investor with $32.8 billion in assets under management, today announced the continued expansion of GID Residential Partners, its national development platform, with a strategic entry into the Boston market. The initiative will be led by industry veteran Chris Spendley, who joins the firm as Managing Director. Building on GID’s longstanding multifamily development experience, the growth within Bost...

MINNEAPOLIS--(BUSINESS WIRE)--Donaldson Company, Inc. (NYSE: DCI) today announced that its Board of Directors declared a regular cash dividend of 32.0 cents per share, an increase of 6.7% from the prior quarterly dividend of 30.0 cents per share. The dividend is payable June 30, 2026, to shareholders of record on June 15, 2026. Donaldson is a member of the S&P High-Yield Dividend Aristocrats Index and calendar year 2025 marked the 30th consecutive year of annual dividend increases. The Comp...

WILMINGTON, Del.--(BUSINESS WIRE)--Residents of Delaware County will soon have a new option for around-the-clock emergency and inpatient care closer to home. In early June, ChristianaCare will open ChristianaCare Hospital, Aston, a neighborhood hospital designed to expand access to care in a growing region with increasing health care needs. Download photos. The hospital is expected to care for approximately 15,000 patients each year, or about 40 per day, and will provide 24/7 emergency care, in...