New York Federal Reserve President John Williams said it is possible to reduce interest rates "in the near term" without risking progress on inflation. The comments come amid a broader debate about monetary policy and could raise the odds of a cut in December. However, Boston Fed President Susan Collins indicated that she is "hesitant" about future cuts.

Federal Reserve Governor Stephen Miran is urging the central bank to overhaul existing Wall Street regulations before addressing broader economic and balance sheet issues. Miran says that years of restrictive oversight have impacted the banking sector, calling for a review of how regulations interact with financial markets and policy implementation. Miran suggests regulatory incentives cause banks to hold excessive reserves, necessitating a larger Fed balance sheet, and advocates for banks to hold more Treasurys instead of reserves to improve earnings and reduce the perception of Fed subsidies.

Mike Acton, head of research and strategy for North America at global real estate asset manager AEW, discussed the importance of commercial real estate and how many investors may be under-allocated to the space. "There's a lot of evidence that the leading investors are doing something very different than what a lot of smaller investors, certainly what a lot of retail investors, are not doing and probably should be," Acton said.

Insurance expenses rose 150% between 2019 and 2025 for owners of New York City's rent-stabilized apartments, according to New York University's Furman Center. Climate risks and fewer insurance providers may be affecting the cost of insurance.

The San Jose City Council approved a Request for Qualification that designates Prologis, Inc. as the preferred developer for a site in San Jose, Calif., that could house a data center park and manufacturing space. In addition, the San Francisco Board of Supervisors has provided initial approval for a development agreement with Prologis for an industrial project. "Founded on three core principles -- quality jobs, community and innovation -- this project will deliver infrastructure that keeps goods moving, creates jobs and contributes to San Francisco's economy," said Prologis' Courtney Bell.

Digital Realty and Schneider Electric have entered into a $373 million supply capacity agreement for data center power equipment. "As demand for digital infrastructure continues to accelerate, securing reliable capacity has become more critical than ever," said Digital Realty's Jeff Tapley.

A Cushman & Wakefield report illustrates how rent growth varies in prime retail corridors across the country and globally. Georgetown in Washington, D.C.; Worth Avenue in Palm Beach, Fla.; and Las Olas Boulevard in Fort Lauderdale, Fla. have posted some of the strongest growth.

The self-storage sector tends to be relatively unaffected by economic shifts involving interest rates and job or income growth, according to research from Heitman. Looking ahead, key "life events" could drive additional demand for the segment, and these tailwinds mean that there could be an attractive entry point for the sector.