AI & Infrastructure Bottlenecks: A new analysis argues the AI race is now won or lost on power, land, cooling, fiber, and permits—not chips—citing IEA forecasts that data-center electricity demand could nearly double by 2030 and that grid/interconnection limits will constrain the most aggressive builds. Regulatory Update: New Zealand’s Real Estate Authority issued updated guidance on methamphetamine disclosure after 2026 tenancy rules took effect, aiming for consistent consumer protection across transactions. Capital Markets / REITs: Blackstone is selling up to 25% of India’s Knowledge Realty Trust, potentially raising about $1.3B, with strong demand and a reduced Blackstone stake as Sattva becomes the largest holder. Housing Policy & Taxes: Manhattan’s luxury rental market is hitting record levels, with a reported surge tied in part to the city’s pied-à-terre tax dynamics. Local Property Administration: Fredericksburg, Virginia is mailing reassessment notices and considering a lower property tax rate based on updated valuations. Market Cooling Signals: The Villages (Florida) shows a fourth straight year of falling home prices as listings rise, reinforcing a supply-demand shift. Global Dealmaking: Goodman Group’s strategy is increasingly centered on logistics plus digital infrastructure and data-center power access, reflecting broader infra/real estate themes. Urban Displacement: Seoul’s Gangnam rebuilding wave is pushing relocation numbers past 10,000 households, raising near-term rental pressure concerns. Commercial Real Estate Sales: Auckland’s Botany Town Centre is on the market in what could be New Zealand’s biggest single retail asset sale, with bids expected to attract deep-pocket offshore investors.