Construction & Property News

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today announced the tax treatment of its 2025 class A common stock dividends. The following table summarizes BXMT’s class A common stock dividend payments for the tax year ended December 31, 2025:           Box 1a   Box 1b   Box 2a   Box 3   Box 5   Distribution Capital Non- Section   Record Payment Cash Allocable   Ordinary   Qualified   Gain   Dividend   199A   Date Date Distribution to 2025   Dividends   Dividends (1) Di...

RYE, N.Y.--(BUSINESS WIRE)--Acadia Realty Trust (NYSE: AKR) (“Acadia” or the “Company”) today announced the year-end promotions for the following professionals to support its continued growth: AJ Levine has been promoted to Executive Vice President, Leasing and Development. In his role, Mr. Levine will continue to lead leasing and development initiatives while assuming oversight of the Company’s property management and marketing teams, further supporting the Company’s internal growth strategy....

BOISE, Idaho--(BUSINESS WIRE)--Boise Cascade Company’s (Boise Cascade or the Company) (NYSE: BCC) Board of Directors declared a quarterly dividend of $0.22 per share to holders of its common stock. The dividend will be paid on March 18, 2026 to stockholders of record on February 23, 2026. Future dividend declarations, including amount per share, record date and payment date, will be made by the board of directors and will depend upon, among other things, legal capital requirements and surplus,...

LAKE FOREST, Calif.--(BUSINESS WIRE)--PropStream earns HousingWire’s 2026 Tech100 honor for the sixth consecutive year, recognizing continued innovation in real estate technology....

NASHVILLE, Tenn.--(BUSINESS WIRE)--Covenant Capital Group (“Covenant”), a leading value-add multifamily real estate investment firm, today announced the final close of Covenant Apartment Fund XII, L.P. (“Fund XII”) with $860.35 million in capital commitments—the largest fundraise in the firm’s 25-year history. In addition, Covenant created a sidecar vehicle for Fund XII, the Covenant Affordable Housing Fund, with $269.73 million in committed capital. The combined capital raised by Covenant for...

BENGALURU, India--(BUSINESS WIRE)--Embassy Office Parks REIT reported results today for the third quarter ended December 31, 2025....

NEW YORK--(BUSINESS WIRE)--Seaport Entertainment Group Inc. (NYSE: SEG) announced today it has successfully completed the sale of the mixed-use development project located at 250 Water Street for a sale price of $143.0 million to Tavros, a privately owned real estate investment management and development firm based in New York City. 250 Water Street was originally acquired by Howard Hughes Holdings, the Company’s former parent, in June 2018. The one-acre site spans a full city block, bordered b...

DUBAI, United Arab Emirates--(BUSINESS WIRE)--Al Barari Breaks Ground on The Cape, The Final Chapter of a Legacy....

ARLINGTON, Va.--(BUSINESS WIRE)--U.S. office vacancy projections remain virtually unchanged in a revised forecast from CoStar, the leading global provider of online real estate marketplaces, information and analytics in the property markets. After reaching a cyclical peak in mid-2025 before lowering slightly by the end of the year, the near-term U.S. office outlook now anticipates stable vacancy (14.1%) through the end of 2026, followed by a gradual decline that would bring the headline rate ne...

SEATTLE--(BUSINESS WIRE)--For Seattleites traveling to watch their team compete in this weekend’s big game, it’s going to cost about three times their monthly mortgage payment—or nearly six times their monthly rent. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket. The story is similar for Bostonians, who are also likely to pay about three times their mortgage payment to watch their team on the national stage. The cost would be more than four times their...