Construction & Property News

CHICAGO--(BUSINESS WIRE)--Stonepeak, a leading alternative investment firm specializing in infrastructure, today announced that it has completed the acquisition of Chicago Parking Meters, LLC (“CPM”), the operator of the City of Chicago’s on-street parking system, from a consortium comprising Morgan Stanley Infrastructure Partners, Allianz, and a wholly owned subsidiary of the Abu Dhabi Investment Authority. The closing of the transaction follows receipt of all regulatory approvals, including a...

GREEN BAY, Wis.--(BUSINESS WIRE)--Healthcare environments are being asked to support increasingly complex needs as care delivery models, technology, workforce expectations, and patient expectations continue to evolve. At Healthcare Design Conference + Expo 2026, conversations with healthcare architects, interior designers, and industry leaders reinforced several considerations that KI, KI Wall, and Pallas Textiles brought to the show: the importance of movement, the need for adaptable environme...

ATLANTA--(BUSINESS WIRE)--Smith Douglas Homes Corp. (NYSE: SDHC) (“Smith Douglas” or the “Company”) will release its results for the third quarter of 2026 before the market opens on Wednesday, November 4, 2026. The Company will hold a conference call to discuss the results and conduct a question-and-answer session on the same day at 8:30 AM Eastern Time. Interested parties can dial in using the numbers below or access the call via webcast link provided in the investor relations section of the C...

MIAMI--(BUSINESS WIRE)--Dwight Capital and its affiliate, Dwight Investment Management, closed $607 million in seniors housing financings during the third quarter of 2026. The transactions included HUD-insured loans, bridge financings, and revolving lines of credit (RLOCs) across 17 states. Among the quarter’s largest transactions was a $71.25 million bridge loan for a four-property, 646-bed skilled nursing portfolio in Montana and Colorado. Loan proceeds financed the acquisition of two Denver-...

TYSONS, Va.--(BUSINESS WIRE)--Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) today announced the publication of its ninth annual Corporate Responsibility (“CR”) Report. The CR Report details Park’s approach to responsible risk management, environmental stewardship, social impact and governance and highlights the Company’s corporate responsibility performance, initiatives and achievements in 2025. “We are pleased to share our annual Corporate Responsibility Report with our s...

BISMARCK, N.D.--(BUSINESS WIRE)--Everus Construction Group (NYSE: ECG) will issue third quarter 2026 results after the stock market closes Nov. 3. Company leadership will host a webcast at 11 a.m. EST Nov. 4 to review financial results, discuss recent events and conduct a question-and-answer session. The webcast and accompanying presentation materials will be accessible under the “Events & Presentations” tab on investors.everus.com. The webcast also can be directly accessed at https://event...

NEW YORK--(BUSINESS WIRE)--Cushman & Wakefield Ltd. (NYSE: CWK), a leading global commercial real estate services firm, announced today that it has redeemed the remaining $150 million of its outstanding 6.75% Senior Secured Notes due May 2028 (“2028 Notes”), which had an original principal amount of $650 million. This redemption fully retires the 2028 Notes, brings total debt repayments since 2024 to more than $800 million, and leaves the company with no maturities until 2030. “We continue...

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies (NYSE: TT), a global climate innovator, today announced it has entered into a definitive agreement to acquire Cancoil Thermal Corporation, a leading North American manufacturer of heat-transfer products. Founded in 1983 by Chander and Anju Datta and headquartered in Ontario, Canada, Cancoil is known for its engineering expertise, customer-focused approach and ability to design and manufacture products tailored to customer needs. The company’s...

LANCASTER, Pa.--(BUSINESS WIRE)--Armstrong World Industries, Inc. (NYSE:AWI), an Americas leader in the design and manufacture of innovative interior and exterior architectural applications including ceilings, specialty walls and exterior metal solutions, announced today that its Board of Directors has approved a 10% increase in the company's quarterly cash dividend to $0.373 per share of common stock. The dividend will be paid on Nov. 19, 2026, to stockholders of record as of the close of busi...

STAMFORD, Conn.--(BUSINESS WIRE)--United Rentals, Inc. (NYSE: URI) announced today that its Board of Directors declared a quarterly cash dividend of $1.97 per share, payable on November 25, 2026 to stockholders of record as of November 11, 2026. About United Rentals United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,686 rental locations in North America, 44 in Europe, 47 in Australia and 18 in New Zealand. In North America, the...