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Wall Street Bets on Industrial’s Next Phase as Billions Pour In

Immigration Raids Rattle South Texas Construction Market

Mamdani Floats First NYC Property Tax Hike in Decades

Bronx Housing Court Buckles Under Mounting Delays

The Newsletter

06 Jul

Good morning. Welcome back to CRE Daily!

RISING STAR

Wall Street Bets on Industrial’s Next Phase as Billions Pour In

A $1.2B refinance alongside a new industrial REIT highlights deepening capital commitments to the sector.

THE TAKEAWAY

Immigration Raids Rattle South Texas Construction Market

Construction activity in South Texas is down 30% as immigration raids disrupt labor and stall housing projects.

THE TAKEAWAY

Mamdani Floats First NYC Property Tax Hike in Decades

A proposed 9.5% property tax hike could raise $3.7B next year as NYC closes a $5B gap.

THE TAKEAWAY

Bronx Housing Court Buckles Under Mounting Delays

A surge in eviction filings and lagging rental aid have turned Bronx Housing Court into a bottleneck.

THE TAKEAWAY

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