Construction & Property News

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Today, the Tampa Bay Rays and Dream Finders Homes (NYSE: DFH) announced a new multi-year partnership that begins this season. Dream Finders Homes, the 2025 National Builder of the Year, will now serve as the Official Home Builder of the Tampa Bay Rays. This partnership will feature several marketing opportunities throughout the season designed to raise Dream Finders Homes’ profile and brand recognition in the Tampa Bay region. Inclusion at fan-facing events,...

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 acquisition of a VCA Animal Hospital property for $3.0 million. The property is located in a highly trafficked corridor in Michigan and is corporate-operated under a long-term triple net lease. The transaction was priced at...

TORONTO--(BUSINESS WIRE)--The Board of Trustees of SmartCentres Real Estate Investment Trust (“SmartCentres”, the “Trust” or the “REIT”) (TSX: SRU.UN) today provided a further update regarding certain existing arrangements referred to in the REIT’s press release dated February 27, 2026. The parties have agreed to further extend the existing agreements to April 16, 2026 for the reasons previously set out and allow additional time for the agreements to be finalized. We anticipate the good faith n...

ALVARADO, Texas--(BUSINESS WIRE)--Trophy Signature Homes, a subsidiary of Green Brick Partners, Inc. (NYSE: GRBK), is proud to announce the grand opening of Lone Oak, a new residential master-planned community in Alvarado, Texas. Now open for sales and tours, this neighborhood features modern, energy-efficient homes paired with thoughtfully designed amenities that bring people together. From outdoor recreation to everyday conveniences, this is a place where families can truly connect, create me...

NEW YORK--(BUSINESS WIRE)--CRH (NYSE: CRH), the leading provider of building materials, today filed a Preliminary Proxy Statement for the 2026 Annual General Meeting on Schedule 14A with the U.S. Securities and Exchange Commission (the “SEC”). The Preliminary Proxy Statement is filed with the SEC in accordance with the U.S. Securities and Exchange Act of 1934, as amended. The Preliminary Proxy Statement is available to view on the SEC’s website at https://www.sec.gov and the Company’s website a...

TORONTO--(BUSINESS WIRE)--RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) today announced a distribution of 9.65 cents per unit for the month of March. The distribution will be payable on April 8, 2026, to unitholders of record as at March 31, 2026. About RioCan RioCan meets the everyday shopping needs of Canadians through the ownership, management and development of necessity-based retail properties in densely populated communities. As at December 31, 2025, our portfolio is compri...

WINONA, Minn. & ATLANTA--(BUSINESS WIRE)--Fastenal Company (NASDAQ: FAST) has announced it will begin construction of a new Southeast U.S. regional operations and logistics center in Carrollton, Georgia. The groundbreaking ceremony will take place on Tuesday, March 24th at 2:30 p.m. ET at the Old Airport Road Development. Slated to open in spring 2027, the new facility will be significantly larger than Fastenal's current 252,000 square-foot regional distribution center in Atlanta, with enough s...

NEW YORK--(BUSINESS WIRE)--Benefit Street Partners L.L.C. (“BSP”) today announced the closing of BSPDF 2026-FL3 (“FL3”), a $1.1 billion managed Commercial Real Estate Collateralized Loan Obligation. FL3 features a 30-month reinvestment period and was structured with a 180-day ramp-up acquisition period. FL3 has an initial advance rate of 88.625% and a weighted average interest cost of 1M CME Term SOFR+1.68% before accounting for transaction costs. The transaction settled on March 12, 2026. Mich...

NEW YORK--(BUSINESS WIRE)--This document contains inside information. CRH (NYSE: CRH), the leading provider of building materials, today announces its intention to delist from the London Stock Exchange (LSE) its ordinary shares and 7% preference shares (the “LSE Delisting”) and, subject to shareholder approval, to cancel CRH’s 5% and 7% preference shares (the “Preference Share Cancellations”). The proposed Preference Share Cancellations will have no impact on the ordinary shares. CRH’s primary...

TYSONS, Va.--(BUSINESS WIRE)--Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the first quarter 2026 after the stock market closes on Thursday, April 30, 2026. Park will hold a conference call on Friday, May 1, 2026, at 11:00 a.m. Eastern Time (ET) to discuss its earnings results, current operational environment and business outlook. The conference call will be accessible by telephone and through the internet. Interested individua...