Solar power company Alight has expanded its clean energy partnership with automotive supplier Lear Corp through three new industrial projects in Europe. The initiatives include a 1.4-megawatt solar carport in Valls, Spain, and two rooftop solar systems at factories in Poland. Operating under a long-term Solar-as-a-Service model, the new installations bring the firms' joint European capacity to more than 6 megawatts across six operational sites.
Construction has commenced on Aspen at Greenleigh, a $148 million premium apartment scheme in Middle River, Maryland. The joint venture between St. John Properties and Somerset Companies will introduce 335 high-specification homes by late 2027. Notably, the development is on track to become North America's largest green Insulated Concrete Form structure, setting a new benchmark for regional urban development.
Logistics real estate specialist ESR has expanded its partnership with Mitsubishi Estate Asia through a new joint venture in Western Sydney. The deal will fund a premium 700 million Australian dollar industrial estate spanning 18.3 hectares in Huntingwood. Construction is slated to begin later this year, delivering up to 114,005 square metres of modern warehousing space to address exceptionally low vacancy rates in the region.
US trade association Nareit has rolled out its new PropTech and Innovation Partnership to bridge the gap between commercial property professionals and emerging tech firms. Artificial intelligence specialist Fifth Dimension has joined the 2026 pilot program as its first official participant. The initiative aims to track digital tools impacting real estate operations ahead of a planned full-scale expansion across the sector next year.
Hilton has announced plans to introduce its premium economy brand, Spark by Hilton, to Italy following an agreement with ELE Spa. The 118-room Spark by Hilton Milan Linate Airport is scheduled to open later this year, situated near the terminal. This property will be the eleventh Hilton brand to establish a presence or enter the development pipeline across Italy.
Construction has commenced on the 147 million dollar Wallace Campus regeneration scheme in Poughkeepsie. The initiative will transform a vacant, historical department store and construct two additional structures to deliver 187 affordable flats alongside 22,000 square feet of commercial space. Backed by state, federal and local funding, the all-electric development forms part of New York State's wider multi-billion dollar housing investment strategy.
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