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Thursday, November 5, 2026Commercial real estate news

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RATE WATCHDaily benchmarks 10-year Treasury4.84%-6 bpAs of Nov 5 5-year Treasury4.59%-10 bpAs of Nov 5 SOFR3.92%-2 bpAs of Nov 5 Effective Fed funds3.88%UnchangedAs of Nov 5

STATE MARKET PULSESeptember 2026 · BLS · Monthly

New YorkJobs YoY +0.2%Unemployment 4.3%FloridaJobs YoY +0.6%Unemployment 4.4%TexasJobs YoY +1.1%Unemployment 4.4%CaliforniaJobs YoY +0.7%Unemployment 5.1%New JerseyJobs YoY +0.1%Unemployment 4.2%North CarolinaJobs YoY +1.3%Unemployment 3.4%AlabamaJobs YoY +1.0%Unemployment 3.5%AlaskaJobs YoY +1.2%Unemployment 4.3%ArizonaJobs YoY +0.6%Unemployment 4.9%ArkansasJobs YoY +0.9%Unemployment 3.9%ColoradoJobs YoY +0.4%Unemployment 4.1%ConnecticutJobs YoY +0.9%Unemployment 5.1%DelawareJobs YoY +0.3%Unemployment 4.6%District of ColumbiaJobs YoY -3.5%Unemployment 5.6%GeorgiaJobs YoY 0.0%Unemployment 3.3%HawaiiJobs YoY +0.1%Unemployment 2.8%IdahoJobs YoY +1.0%Unemployment 3.6%IllinoisJobs YoY +0.2%Unemployment 4.6%IndianaJobs YoY -0.4%Unemployment 3.4%IowaJobs YoY +0.3%Unemployment 3.2%KansasJobs YoY +0.3%Unemployment 3.8%KentuckyJobs YoY 0.0%Unemployment 4.7%LouisianaJobs YoY +1.8%Unemployment 4.0%MaineJobs YoY +0.1%Unemployment 3.3%MarylandJobs YoY -0.5%Unemployment 3.9%MassachusettsJobs YoY +0.4%Unemployment 4.3%MichiganJobs YoY 0.0%Unemployment 5.0%MinnesotaJobs YoY +1.2%Unemployment 4.5%MississippiJobs YoY +0.6%Unemployment 3.3%MissouriJobs YoY +1.0%Unemployment 3.6%MontanaJobs YoY -1.0%Unemployment 3.1%NebraskaJobs YoY +0.4%Unemployment 2.9%NevadaJobs YoY +1.6%Unemployment 4.7%New HampshireJobs YoY +0.3%Unemployment 2.6%New MexicoJobs YoY +1.3%Unemployment 4.7%North DakotaJobs YoY +0.2%Unemployment 2.2%OhioJobs YoY +0.3%Unemployment 3.4%OklahomaJobs YoY +0.8%Unemployment 4.2%OregonJobs YoY -0.1%Unemployment 5.0%PennsylvaniaJobs YoY +0.7%Unemployment 3.6%Rhode IslandJobs YoY -0.1%Unemployment 3.6%South CarolinaJobs YoY +2.3%Unemployment 4.0%South DakotaJobs YoY +0.4%Unemployment 2.0%TennesseeJobs YoY +0.8%Unemployment 3.4%UtahJobs YoY +1.5%Unemployment 3.5%VermontJobs YoY -0.1%Unemployment 2.6%VirginiaJobs YoY -0.6%Unemployment 3.6%WashingtonJobs YoY +0.7%Unemployment 4.8%West VirginiaJobs YoY 0.0%Unemployment 4.0%WisconsinJobs YoY +0.4%Unemployment 3.2%WyomingJobs YoY +0.9%Unemployment 3.0%

New YorkJobs YoY +0.2%Unemployment 4.3%FloridaJobs YoY +0.6%Unemployment 4.4%TexasJobs YoY +1.1%Unemployment 4.4%CaliforniaJobs YoY +0.7%Unemployment 5.1%New JerseyJobs YoY +0.1%Unemployment 4.2%North CarolinaJobs YoY +1.3%Unemployment 3.4%AlabamaJobs YoY +1.0%Unemployment 3.5%AlaskaJobs YoY +1.2%Unemployment 4.3%ArizonaJobs YoY +0.6%Unemployment 4.9%ArkansasJobs YoY +0.9%Unemployment 3.9%ColoradoJobs YoY +0.4%Unemployment 4.1%ConnecticutJobs YoY +0.9%Unemployment 5.1%DelawareJobs YoY +0.3%Unemployment 4.6%District of ColumbiaJobs YoY -3.5%Unemployment 5.6%GeorgiaJobs YoY 0.0%Unemployment 3.3%HawaiiJobs YoY +0.1%Unemployment 2.8%IdahoJobs YoY +1.0%Unemployment 3.6%IllinoisJobs YoY +0.2%Unemployment 4.6%IndianaJobs YoY -0.4%Unemployment 3.4%IowaJobs YoY +0.3%Unemployment 3.2%KansasJobs YoY +0.3%Unemployment 3.8%KentuckyJobs YoY 0.0%Unemployment 4.7%LouisianaJobs YoY +1.8%Unemployment 4.0%MaineJobs YoY +0.1%Unemployment 3.3%MarylandJobs YoY -0.5%Unemployment 3.9%MassachusettsJobs YoY +0.4%Unemployment 4.3%MichiganJobs YoY 0.0%Unemployment 5.0%MinnesotaJobs YoY +1.2%Unemployment 4.5%MississippiJobs YoY +0.6%Unemployment 3.3%MissouriJobs YoY +1.0%Unemployment 3.6%MontanaJobs YoY -1.0%Unemployment 3.1%NebraskaJobs YoY +0.4%Unemployment 2.9%NevadaJobs YoY +1.6%Unemployment 4.7%New HampshireJobs YoY +0.3%Unemployment 2.6%New MexicoJobs YoY +1.3%Unemployment 4.7%North DakotaJobs YoY +0.2%Unemployment 2.2%OhioJobs YoY +0.3%Unemployment 3.4%OklahomaJobs YoY +0.8%Unemployment 4.2%OregonJobs YoY -0.1%Unemployment 5.0%PennsylvaniaJobs YoY +0.7%Unemployment 3.6%Rhode IslandJobs YoY -0.1%Unemployment 3.6%South CarolinaJobs YoY +2.3%Unemployment 4.0%South DakotaJobs YoY +0.4%Unemployment 2.0%TennesseeJobs YoY +0.8%Unemployment 3.4%UtahJobs YoY +1.5%Unemployment 3.5%VermontJobs YoY -0.1%Unemployment 2.6%VirginiaJobs YoY -0.6%Unemployment 3.6%WashingtonJobs YoY +0.7%Unemployment 4.8%West VirginiaJobs YoY 0.0%Unemployment 4.0%WisconsinJobs YoY +0.4%Unemployment 3.2%WyomingJobs YoY +0.9%Unemployment 3.0%

Public housing / FINANCING

Nostrand Houses modernization financing

New York City, New York

Announced

Taxable loan amount: $185,000,000
Transaction type: Financing
Reported: Nov 10, 2026
Closing date: Not disclosed

Read the terms in context

The city reported that the overall modernization financing closed September 29, 2026, but did not separately establish the closing date or status of the $185 million loan. Announced reflects the loan-specific evidence.
The $185 million loan is part of the broader $607 million modernization package.

Companies involved

Loan arrangerMerchants Capital LenderMerchants Bank Co-lenderAFL-CIO Housing Investment Trust

Reporting behind the record

Original coverage

Capital Markets · Nov 10, 2026

Nostrand Houses Modernization Includes $185 Million Loan

The loan supports a $607 million rehabilitation of the Brooklyn public housing development, where construction began in October.

Read story ↗

Based on The Basis reporting. Coverage is selective, not a complete market database. Amounts retain their stated meaning; sale prices, loan amounts and lease terms are not combined. “Reported” is the reporting date, not necessarily the closing date.