Ares, PSP Investments establish JV to invest up to $2.4b in U.S. logistics real estate

by RELEASED

An Ares Real Estate fund, managed by Ares Management Corp., and the Public Sector Pension Investment Board (PSP Investments) have established a new joint venture to invest up to $2.4 billion in logistics real estate opportunities in the United States.

FOMC raises interest rates 25bps, with implications for commercial real estate

by Loretta Clodfelter

The Federal Open Market Committee has announced an increase in the target federal funds rate, following its meeting Sept. 15–16. The FOMC decided to raise the target range for the federal funds rate by 25 basis points to a range of 3.75 percent to 4 percent, in support of the Federal Reserve’s dual mandate.

Cushman & Wakefield: Power availability redraws data center map as Americas development hits record 37.7GW

by RELEASED

Data center development across the Americas has reached a record 37.7 gigawatts under construction as relentless demand for AI, cloud and hyperscale infrastructure continues to reshape the market, according to Cushman & Wakefield’s “H1 2026 Americas Data Center Update.” Increasingly, however, access to power and infrastructure is determining where that growth can occur.

Cortland insights: What institutional investors want from multifamily managers

by ANDREA ZANDER

As capital becomes more selective, investors are increasingly focused on whether multifamily managers can create value through operations rather than simply through acquisitions. The question underlying much of that diligence, said Mike Altman, CIO at Cortland, is whether a manager can grow net operating income (NOI) on its own merits, independent of leverage or cap-rate movement.