The BREW: Office — Not Dead, but a Dead Cat Bounce?

Research evidence excerpt

The BREW: Office — Not Dead, but a Dead Cat Bounce?

California and the Southwest, reports GlobeSt.

• OceanFirst Financial is looking to sell $1.4B in multifamily loans largely tied to NYC rent-stabilized

product, reports GlobeSt.

• According to RealPage, merely 8% of the largest 50 markets will see rent growth between

+3-3.5% in 2026 followed by 30% of markets between +2-2.9%, reports GlobeSt.

• Housing starts fell by -15.4% m/m compared to expectations of a -2.4% decline, reports WSJ.

• According to ResiClub, roughly 6,000 single-family build-to-rent units have been delayed or

canceled due to the regulatory backdrop, reports GlobeSt.

Data Centers

• Data4 confirmed plans for €5B data center investment in northern France comprising 700MW,

reports DCD.

• Wood Mackenzie reports that developers across APAC are increasingly obligated to provide grid

support for data center construction projects, reports DCD.

• DataBank secured $1.45B in financing for its data center build-out, reports DCD.

• Data Center Knowledge discusses the timeline and reality of data centers in space with focus on

scalability and solar power potential.

Healthcare

• The State of Vermont has become the latest state to enact laws that prohibit private equity from

interfering in healthcare, reports WSJ.

• According to NIC, independent living for CCRCs saw occupancy of 93.7%, reports McKnights Senior

Living.

• Marquette broke ground on a $102M expansion project adding 94 independent living units,

reports McKnights Senior Living.

• North Carolina has proposed SB978 that would prohibit non-compete clauses for nurse

practitioners, RNs, physicians, and PAs, reports Becker’s ASC.

• The House Appropriations Committee proposed $112.6M in funding for the Nurse Corps Scholarship