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Archive for July 1st, 2026
NYC’s $126B Budget Makes Key Housing Investments
New York City Mayor Zohran Mamdani and City Council Speaker Julie Menin have reached a deal on a $125.8 billion budget for fiscal year 2027. The big focus under the budget remains improving housing opportunities and affordability. Notably, it invests $175 million during fiscal year 2027, with a baseline of another $125 million in fiscal […]
Kennedy Wilson Venture To Deliver 4,000 Affordable Housing Units to LA
Kennedy Wilson and Jamison are taking on a big Los Angeles affordable housing plan under a new partnership. The two are aiming to deliver 4,000 units across the city through ground-up development and adaptive reuse projects. Through the new partnership, Jamison will leverage its recently debuted affordable housing division, Arden Residential and Kennedy Wilson will […]
Digital Realty Snags $3.5B Stake in Virginia Data Centers From Blackstone
Digital Realty has agreed to purchase Blackstone’s 64 percent interest in a Northern Virginia data center portfolio for $3.5 billion. This values the three facilities in the deal at a combined gross $7.8 billion, with an initial stabilized capitalization rate that exceeds 6.5 percent. Digital Realty is using $2.3 billion in stock and $1.2 billion […]