Brandywine Realty Trust posted a third-quarter net loss of USD 26.2 million with EPS of negative USD 0.15 and FFO of USD 28 million, or USD 0.16 per share. The company lowered its 2025 FFO guidance to USD 0.51-0.53 per share and adjusted its expected loss to negative USD 1.05-1.03 per share. Key factors include progress on speculative revenue, low forward lease expirations, and strong liquidity with USD 75 million in cash. Analysts maintain a cautious "hold" rating, while the 12-month price target suggests potential upside of around 26%.Read more

Canada's housing market slowed in September, with national home sales falling 1.7 percent from the previous month, according to the Canadian Real Estate Association (CREA). The decline ended a five-month streak of steady growth seen since April. Lower sales in markets such as Greater Vancouver, Calgary, Edmonton, Ottawa and Montreal outweighed gains in the Greater Toronto area and Winnipeg. Despite the monthly dip, sales were 5.2 percent higher than a year ago. CREA noted that activity still reached its strongest level for September since 2021, reflecting continued underlying demand despite recent price softness.Read more

JERA Nex BP has decided to pause the U.S. Beacon offshore wind project and lay off its American staff, citing rising costs, supply chain challenges, inflation, and regulatory hurdles. While the company will retain lease rights off Massachusetts, it sees no immediate path to further investment. Formed in August after a December agreement between JERA and BP, the joint venture manages assets and development projects with 13 gigawatts potential. The decision underscores ongoing difficulties in the U.S. offshore wind sector, including cost pressures and policy uncertainties.Read more

Holcim, the Swiss building materials company, has acquired German walling specialist Xella for EUR 1.85 billion (around USD 2.16 billion) to strengthen its presence in Europe's growing refurbishment market. Xella, known for brands such as Ytong, Silka, Hebel, and Multipor, serves 21 European countries and employs over 4,000 staff. The acquisition, Holcim's largest in over four years, supports the company's strategy of focusing on sustainable construction and its higher-growth building products business. The deal is expected to be earnings accretive in its first year.Read more

Kuwait has signed a USD 488.9 million contract with Turkish company Kuzu to construct and operate a wastewater treatment plant for South Al-Mutlaa city. The plant will use a hybrid system of conventional and renewable energy and produce around 400,000 cubic metres of tertiary-treated water daily for agriculture and other uses. The deal coincided with Turkish President Erdogan's visit to Kuwait, where agreements on defence, energy, investment, and trade were also signed. Al-Mutlaa city will feature over 28,000 housing units, highlighting the scale and significance of the project.Read more

European shipping and logistics players are facing mounting headwinds as freight rates plunge to their lowest since early 2024 and demand remains weak. Ocean-container rates have collapsed largely due to oversupply and softer demand following U.S. tariff measures. Although container volumes grew about 4% in the January-to-August window, analysts say that spike reflected advance shipments ahead of tariffs and won't sustain rates. Firms such as DSV and Kuehne + Nagel are expected to report weaker quarterly results, while Maersk appears better insulated thanks to long-term contracts.Read more

Thailand is set to fast-track investment projects worth THB 300 billion (USD 9.22 billion) over the next four months as part of efforts to boost the slowing economy. The 70 projects, focused on data centres, electronics, and power generation, will benefit from eased investment rules. The move complements recent government measures such as domestic travel incentives, aiming to raise economic growth above 2.2% this year. The acceleration responds to ongoing challenges including U.S. tariffs, high household debt, and a strong baht affecting overall economic activity.Read more

Crown Castle Inc., a U.S.-based wireless tower operator, has raised its annual site rental revenue forecast for the second time this year, reflecting steady leasing demand from major carriers upgrading their networks to 5G. With around 40,000 towers across the U.S. and long-term agreements with AT&T, T-Mobile, and Verizon, the company now expects site rental revenue between USD 4.01 billion and USD 4.05 billion. In the latest quarter, it reported revenue of USD 1.01 billion and adjusted funds from operations of USD 1.12 per share, highlighting continued growth in its tower business.Read more

German logistics companies are entering a period of limited growth, with real expansion projected at just 0.5%, according to BVL. For the first time, experts presented three scenarios, ranging from a 1.1% increase to a 0.4% contraction, highlighting economic and geopolitical uncertainties. Investment intentions remain stable, but overall sentiment is slightly negative. Key challenges include unpredictable trade policies and rising cyberattack risks. The sector is focusing on automation, digitalization, and artificial intelligence to improve efficiency, strengthen resilience, and manage operational risks amid emerging pressures.Read more

The White House will submit plans for President Trump's 250 million USD ballroom to the National Capital Planning Commission, even as demolition work is already underway in the East Wing. While Trump promised the project would not affect existing structures, images of partial demolition raised public concern. The project, funded by Trump and private donors, is exempt from historic preservation review, drawing criticism from heritage experts and politicians. Tourists and officials have questioned the transparency and impact on historic structures, while the East Wing's proximity to a secure presidential facility adds further complexity.Read more