Developer Related Companies has agreed to build a more than $7 billion data-center, one of the largest deals yet for this burgeoning real estate class that powers AI. Related’s 250-acre campus in Saline Township, Mich., is the fourth new site announced as part of a $300-billion contract signed between Oracle and OpenAI, which the ChatGPT maker says is part of its larger Stargate project designed to build trillions of dollars worth of new computing capacity.
JPMorgan PE Token
JPMorgan Chase said that it tokenized a private-equity fund on its blockchain platform, an offering that is available to the wealthy clients served by its private bank. The move comes ahead of JPMorgan’s broader rollout next year of its fund tokenization platform, Kinexys Fund Flow. Tokenization lets the bank offer clients a digital representation of the ownership of an asset that lives on a blockchain ledger.
Shutdown on Hotels
The American Hotel and Lodging Association (AHLA) estimates that the government shutdown costs the economy $31 million in lost activity that would have been generated by hotel stays. As of last week, the AHLA estimated that the hotel industry had already lost $650 million in business.
Apartment Rents
National rent prices edged slightly higher for part of this year, buoyed by price rises in the Northeast and Midwest where new supply has been limited. But last month, national average rent fell 0.3% from August, the steepest September drop in more than 15 years.
HBAN CADE
Huntington Bancshares agreed to acquire Cadence Bank for $7.4 billion in an all-stock deal, expanding its assets to $276 billion.
Leveraged Funds
After plowing billions into leveraged single-stock funds in 2024, some investors have soured on them in recent months. Traders pulled almost $5 billion from the fund category over the past two quarters, the first time the fund category has ever reported outflows.
Small Business Sales
The number of small business sale transactions grew in the third quarter of 2025, reaching 2,599 closed deals — an 8% increase over the same quarter in 2024 and up 11% over the second quarter in 2025. The overall value of completed deals in the third quarter of 2025 hit $2.13 billion, a 5% gain over the same time last year and a 12% gain over the second quarter of 2025.
Senior Housing
About 990,000 older adults were living with unrelated housemates or roommates in 2023, which is up 8.8% since 2021, and more than double the number two decades ago.
Renter Fraud
Nationally, nearly three-quarters of apartment owners reported an average 40% increase in rental-application and -payment fraud last year compared with 2023.
Rural GDP
Around 50 million people, or one in seven Americans, live in rural areas. These regions generate less than 10% of gross domestic product, most of which comes from resource-intensive industries such as agriculture, mining and manufacturing.