AGP Executive Report

Global Deal Watch: Brookfield Asset Management won approval from India’s competition watchdog to acquire Oaktree entities, a move that could deepen Brookfield’s push across India’s real estate, infrastructure and credit. Metro Manila Office Supply: The Philippines lifted a seven-year PEZA moratorium for new IT parks and centers in Metro Manila, with PEZA now able to process pending applications—expected to ease PEZA-compliant office shortages and spur more tech/BPO leasing. Qatar Relocation Support: JRE teamed up with QShield to bundle real estate leasing know-how with government relations for companies and expatriates entering Qatar. Multifamily Investment: Boardwalk and Desjardins Global Asset Management launched a 50-50 multifamily co-ownership venture with an initial ~$292M seed portfolio in Western Canada. US Short-Term Rentals: A World Cup boost drove short-term rental income up 60% year over year in U.S. host markets, with Miami, Kansas City and Dallas-Fort Worth leading gains. Local Housing Pressure: Cebu office landlords are being forced to “play defense” as aging buildings meet a cooling market and softer IT-BPM demand. Homebuyer Reality Check: As foreclosures rise, warnings are growing about “home saver” schemes that can leave owners worse off. Planning & Redevelopment: Beztak cleared unanimous Ann Arbor planning approval for a luxury apartment community at 2424 E. Stadium Blvd, converting a vacant former hotel site into 307 homes. Policy/Process: Islamabad’s CDA and business groups agreed to create a one-window business facilitation center to speed approvals and reduce bureaucracy.

Regulatory Overhaul (Philippines): The AMLC says it’s updating rules to widen oversight of high-risk sectors, including bringing real estate buyers/sellers, virtual asset service providers, and online gambling operators under tighter anti-money laundering scrutiny. Local Housing Policy (Canada): Vancouver’s council rejected a controversial “villages” land-use plan after a major public backlash, while Nanaimo advanced a tenant-protection bylaw that would boost displaced renters’ compensation during redevelopment. REIT & Markets: Piedmont Realty Trust reported Q2 funds from operations of $47.9M (38 cents/share) and expects full-year FFO of $1.50–$1.55/share; REITs also keep drawing investor attention as income and fundamentals hold up. Property & Tax Pressure (U.S./Canada): Evanston/Skokie School District 65 is seeking Cook County’s Property Tax Bridge Fund as tax disbursement delays loom, and Summit County mailed reappraisals warning some homeowners could face higher next-year bills. Fraud/Enforcement: A Bombay High Court quashed an ED money-laundering case tied to DB Realty’s MD, while Kuwait issued new electronic documentation rules affecting notary and property-related paperwork.

Proptech & AI for homebuying: Lofty rolled out House.ai and expanded its agentic AI platform (Lofty AOS) at Inman Connect San Diego, aiming to make buyers understand affordability and closing costs and to deliver more transaction-ready leads. Local governance & privacy: New York City’s searchable property database tied to a proposed pied-à-terre tax is drawing backlash over fears it could expose wealthy owners to harassment and security risks. Housing finance & lending access: Pepper Money lifted LVR caps and loan sizes for alt doc borrowers, including up to 95% LVR with lender protection fees, while SMSF-focused lenders push faster refinance pathways. Market & investment signals: Brookfield expects about 6.5 GW of AI data-centre capacity to come online in India over five years, reinforcing demand for logistics and infrastructure-adjacent real estate. Sustainability in construction: C-Crete published third-party-verified EPDs claiming clinker-free cement can cut embodied carbon by up to 95%, with commercial pours already underway. Global urban funding gap: A report says India needs $2.4T by 2050 for climate-resilient cities, but municipal corporations have raised only a small share so far.

Rezoning Watch (DeKalb County, GA): Insignia LLC wants to rezone the aging Village Square shopping center in Stone Mountain into “Elevate Memorial,” proposing demolition and a high-density mix of 210 apartments and 40 townhomes. Industrial Deals (Oregon): DCI International bought a 205,100-sq-ft Wilsonville industrial/manufacturing facility for $31M, aiming to consolidate operations into a single hub. Housing Court (Missouri): A federal judge refused to end a mold lawsuit against The Haven at Shoal Creek, sending key disputes over causation and the property’s response to trial. Local Retail Overhaul (Florida): RAM Realty’s Jupiter Plaza makeover moves toward Whole Foods replacing Beall’s, with further tenant changes planned into 2027–2028. Policy & Risk (Arizona): Recent appellate decisions clarify how the federal CARES Act notice rules apply to Arizona evictions, aiming to reduce landlord uncertainty. Market Signals (New York): NYC posted notice of a new tax levy aimed at pied-à-terre owners, adding another cost pressure point for luxury housing. Global Housing Regulation (Nigeria): The housing minister outlined a new regulatory framework to license developers and add escrow and quality safeguards for buyers. Tech-Driven Infrastructure (India): Uttar Pradesh approved a major 2026 data center policy, targeting 2 GW more capacity and massive private investment—another reminder that real estate demand is increasingly tied to compute.

Local Tax Deadlines: Fulton County property tax appeal filings must be in by July 31, 2026, with timing tied to each owner’s assessment notice—an urgent reminder for Atlanta-area homeowners facing rising bills. Market Pulse: A typical Milwaukee-area home sold for a median $425,000 in June, up 2.4% year over year, while NAB expects Australia’s housing declines to spread in 2026 as the RBA holds at 4.35%. New Development & Investment: Christie’s International Real Estate Southern California launched a global New Development Division to market luxury new construction inventory, while Blackstone’s mortgage arm highlights a shift toward multifamily and industrial lending. REIT Moves: Philippines’ MREIT approved a ₱27B property-for-share swap to expand into retail and hospitality, and Malaysia’s CLMT reported higher 2Q net profit and revenue on stronger industrial/logistics income. Global Hotspots: Sharjah’s first-half trade value shows UAE investors at 50.6% of activity, and UAE e-invoicing starts rolling out from July 2026—another compliance shift that can affect real estate finance workflows. Broker Tech: Rodland Real Estate spun off its RoRo AI platform for licensing to other brokerages.

Housing Market Pressure: In Erie, Realtors say low inventory and fast-moving bidding wars are pushing prices higher and forcing buyers to decide quickly, with tighter rentals adding to the squeeze. Policy & Delivery Gaps: South Korea’s “third-generation” new towns are slipping badly, with presales and move-in dates pushed back years, raising fresh concerns that housing plans aren’t keeping their timelines. Data Centers vs. Communities: NSW’s data-centre boom is reigniting debate over power, water, planning rules, and whether operators should fund the upgrades their demand requires. Fraud Crackdown: Lagos is seeking closer EFCC collaboration to target real estate flipping, document forgery, and other property fraud. Local Housing Governance: Rajshahi’s city corporation is coordinating with developers to tackle dengue and waterlogging, including waste-management upgrades and mosquito-control efforts. Construction Risk in the Spotlight: Singapore residents in a UOL condo report termite issues, with affected units still unclear despite TOP approvals. Market Watch: Industrial leasing in Singapore rose 7.9% QoQ in Q2, while industrial investment sales fell sharply. Real Estate Finance Leadership: different Capital appoints retired PwC partner Don Christian as chairman, signaling a push for institutional-grade real estate opportunities. Luxury & Lifestyle Trends: A Miami “Human Optimization Residence” penthouse is marketed as longevity-focused, blending wellness with high-end property branding.

Saudi Homeownership Push: Saudi Arabia says 63,076 families moved into first homes in H1 2026, with 12,004 in June, and Sakani contracts now total 1,046,890 since 2017. US Affordability Pressure: A new Realtor.com-linked look finds record numbers of adults under 35 living with parents, pointing to prices plus higher mortgage rates and everyday costs. Global Market Signals: Israel’s home prices keep slipping, with Tel Aviv neighborhoods showing big second-hand declines since 2023. Dubai Off-Plan Momentum: Dubai logged 87,800 real estate transactions worth AED291.7bn in H1 2026, with off-plan making up 71% and a delivery pipeline supporting luxury demand. Policy & Regulation: Oman is tightening real estate licensing in stages to boost investor confidence, while Nashik (India) canceled approvals for 42 layouts in an alleged MHADA housing scam. Local Deal Roundup (US): Will, Kane, DuPage/Cook, and other Illinois counties reported top weekly sales ranging up to $7.8M in DuPage/Cook.

Housing Affordability Pressure: An Australian auctioneer says he saw the worst turnout in 30 years—no bidders registered across six auctions—warning prices could fall further as rates and listings weigh on demand. Mortgage & Buyer Tactics: A lender-shopping reminder: compare rates before you’re under contract, because once deadlines hit, financing becomes a rushed scramble. Affordable Housing Constraints: Nigeria’s affordable housing push is being stalled by construction costs, high financing rates, infrastructure gaps, and regulatory bottlenecks, with calls for a whole value-chain overhaul. Local Housing Delivery: Salt Lake County’s new women’s recovery housing in the Central Ninth district opened fast thanks to state, county, and philanthropic support, highlighting how coordination can cut years off timelines. Commercial Real Estate Sale: Jamaica’s former MegaMart Catherine Hall property is listed “as-is” for about US$15.09 million, following hurricane damage and a long leaseback history. Policy & Regulation: Russia approved tighter rules for citizens who left, limiting passports, state services, and even managing finances/real estate for people tied to certain cases. HOA Governance: Nevada association recall rules are clarified, including petition and voting thresholds—useful for condo boards facing absentee leadership. Flood Risk & Buyouts: New U.S. mapping shows most people who leave flood buyout areas stay local, often shifting risk to new owners or renters rather than fully removing it.

Policy & Housing Supply: Fargo-Moorhead officials say the new 21st Century Road to Housing Act could ease affordability pressures by updating outdated programs and cutting costs, as local leaders point to rising home values and lot shortages. Local Regulation: Nevada City voters will decide in November whether to replace current short-term rental registration rules with a new permitting system after a 4-0 council vote. REITs & Investing: Apartment REITs are getting a bullish setup for the second half of 2026 as multifamily supply slows, with investors eyeing durable dividend payers. Market Watch: Realtor.com data shows Chatham County’s median home sold price rose to $340,000 in April, up 1.6% from March. Global Real Estate Oversight: Oman is tightening its real estate rules with a unified Real Estate Regulation Law covering development, off-plan sales, brokerage, valuation, joint property management and escrow accounts. Transactions & Development: A southeast Rochester retail center changed hands for $2.27M, while UP-RERA registered 143 new projects worth ₹31,952 crore in H1 2026.

Housing Delivery: Ishi Homes says it has finished the AbdulRahman AbdulRazaq Estate (“Morire City”) in Offa, Kwara State, a 400+ unit community financed through Nigeria’s Federal Mortgage Bank, with homes plus schools, banks, fuel and retail. Investor Watch: Berkadia helped sell Phoenix’s Bungalows on Camelback, a 334-unit build-to-rent community, for $112.5M—another sign of continued demand for well-located rental assets. Local Development: Babbitt City Council approved a $1.8M deal for the 130-acre West Babbitt Development, paving the way for up to 104 single-family homes and up to 70 apartment units. Data Center Pushback: Colorado Springs planning officials upheld approval for “Project Taurus,” the city’s first AI data center, despite appeals citing noise, air and water concerns. Commercial Real Estate Deal: Reno-Sparks’ Outlets at Legends sold for $100M+ to Idaho’s Alturas Capital Partners. Rent/Regulation Reality Check: LAHSA approved a $496M homelessness budget for 2026-27 while outdoor homelessness in the city rose 7.9% year over year.

Commercial Real Estate & Markets: NYC logged 168 transactions worth $247M in one day, led by a $14.4M One High Line unit sale and a $7.7M Midtown office building trade. Housing & Accountability: Omaha’s City View Apartments was shut down after years of health and safety complaints; a year later, residents and officials are still asking who’s responsible. Local Housing Policy: Kansas City voters will decide Aug. 4 on renewing the Central City Economic Development sales tax, which has funded affordable housing and other projects since 2017. Development & Risk: Hawaii’s Puna Kai Shopping Center developer filed for Chapter 11, signaling trouble for a partially completed mixed-use project. Industry Moves: PKF O’Connor Davies named a new real estate tax partner in New York, while HHLA cut its 2026 profit outlook due to automation-related disruptions. Home Sales Snapshot: Winter Garden, Fla. saw Waterside at Johns Lake top the week’s sales, with a $1.26M home leading deals from July 13–19.

Affordable Housing & Development: The NRP Group broke ground on Alora Lofts, an 88-unit affordable project in Kissimmee, Florida, aiming at 30%–70% AMI households. New Rental Supply: TELUS Living Nanaimo opened in downtown Nanaimo, adding 195 rental units as TELUS plans 4,000+ across Canada by 2032. Local Real Estate & Taxes: Richmond Mayor Danny Avula proposed a 1% sales tax increase to fund school construction, paired with a meals tax cut and a small reduction in the real estate tax rate. Housing Fraud & Property Records: A woman accused in Jefferson Twp. quitclaim deed fraud involving a dementia victim avoided prison time, while Sofia officials pushed for faster data sharing among notaries, police, and prosecutors to curb property fraud. Luxury Market Signals: Miami approved billionaire Ken Griffin’s $2.98M land purchase in Brickell, with plans to preserve and relocate a historic cottage. Buyer Tools: Fishnick Realty launched a “Perfect Home Finder” program for Wisconsin buyers to match homes beyond public listings. Community Impact: Downstreet Housing celebrated the grand opening of the Speranza Inn in Barre, Vermont, converting a former hotel into a 41-room service-integrated housing resource.

REIT Earnings: Pavilion REIT posted higher 2Q net profit of RM89.03m (up from RM78.66m) as revenue rose to RM221.01m, helped by strong occupancy at its hotels and new acquisitions; it also declared an interim 5.17 sen per unit distribution. Property Tax Relief: Illinois “collar counties” around Chicago are opening appeal windows, giving homeowners and businesses a chance to challenge assessed values as pension pressure keeps property taxes high. Local Housing Spotlight: A Palm Beach home at 222 Monterey Road was completely rebuilt and is back on the market at $10.9m, with a tour highlighting modern interiors and outdoor living. Cross-Border Buying: Armenia approved a system to let buyers remotely sign and register apartment purchases in newly built buildings using a digital tripartite agreement, cutting the need for in-person notary steps. AI Infrastructure Backlash: Rural Tennessee communities are split over new data centers, with some towns approving projects while others impose moratoriums to study impacts on water and power. Commercial Real Estate Finance: PetMeds agreed to a $37m sale-leaseback of its Delray Beach HQ and distribution center, aiming to unlock value while staying in the space. Investment Moves: Brennan Investment Group bought a 157,412-sq-ft Class A industrial building near Greenville-Spartanburg for a value-add strategy.

Commercial Lending & Deals: Lee & Associates NYC arranged $10.5M in financing for Northeast acquisition and redevelopment plays, touting sub-6% rates, 30-year amortization, and flexible prepayment terms. Brokerage/MLS Scrutiny: A House Judiciary subcommittee sent letters to Compass and Chicago’s MLS over private listing networks, raising consumer transparency and competition concerns. Local Governance & Housing Costs: Seattle councilmember Bob Kettle urged budget restraint as a projected $175M deficit collides with repeated property-tax votes, including a separate library levy. Tenant Protection: NYC Mayor Zohran Mamdani proposed rules requiring disclosure when rental photos or videos are AI-generated or digitally altered. Property Market Signals: Realtor.com says 19 metros are in buyer-market territory, with another nine trending that way, including San Antonio. Scams & Contractor Rules: Kentucky’s new anti-fraud contractor law is prompting warnings after storm-damage scams, with registration requirements routed through the attorney general’s office. Property/Legal Notices: A Lucas County case (KeyBank v. Ryan E. Robertson) lists a foreclosure complaint tied to 6046 326th Street, Toledo. Land Sales: Lidl continues trimming Texas holdings, selling 1.13 acres in Universal City after earlier San Antonio-area purchases.

Mortgage & Rates: NAB joined the fixed-rate cut trend, with the biggest drop hitting five-year fixed loans (to 6.99% for owner-occupiers, 7.19% for investors), while ARM rates were also updated for July 22. Policy & Regulation: New Jersey will ban AI-powered rent-setting software starting July 1, 2027, targeting algorithmic coordination blamed for pushing rents higher; New brokerage rules aim to make property deals more transparent. Market Moves: Prologis tabled a “best and final” £14bn offer for Segro as the takeover fight heats up. Affordable Housing Finance: Systima Capital closed a $153m securitization backed by LIHTC affordable housing debt. Tech & Data Security: Romania’s land registry systems were hit by a cyberattack, disrupting property registration and transactions. Local Housing Push: Denver’s mayor promised 20,000 homes plus universal childcare in a transit-connected redevelopment vision. Global Real Estate Tech: Origen’s DOMIA smart-home platform is pitching “anticipatory” luxury living for Abu Dhabi.

Zoning Fight in Georgia: After a rezoning for a nonprofit retreat fell through, new owners of a 53-acre Murrayville property are asking to roll back Planned Commercial Development to Agricultural Residential I, with a lawsuit over studies and “materially different” use still in play. Local Lot Sales: Calloway County’s fiscal court approved marketing two remaining Western Shores lots, while a separate personnel vote stalled. Levee Bond Dispute: West Glendive residents are threatening court action over a $4.97M countywide levee bond, arguing assessments should be limited to the floodplain district that originally funded the 1950s levee. Community Co-Ownership: North Minneapolis’ Hawthorn Crossings shopping center is inviting residents to invest as little as $1,000 for a chance at long-term upside. Hotel/Resort Deals: Braemar agreed to sell Key West’s Pier House Resort & Spa for $190M as it unwinds assets tied to a manager split. Public Access Clash: Kelowna says expropriating a lakefront boardwalk is a “last resort” to restore public access. Apartment Conversion: Chicago’s Leahy Building in River North sold for about $4.1M, with plans for 70 apartments. Policy & Jobs: Los Angeles County joined a multi-state lawsuit to block Paramount’s Warner Bros. Discovery takeover over job losses. Foreclosure Notice: An Arlington, Minnesota mortgage foreclosure sale notice was filed for 204 Elgin Street West.