The most likely scenario is that President Trump will not sign it — meaning the bill would become law at midnight.

Open-air shopping centers again led performance in the first half of 2026, while visitor demographics suggest malls are attracting a wider mix of consumers.

Marcus & Millichap says a sharp decline in multifamily completions is easing competitive pressures, though recovery remains uneven across U.S. markets.

Developers are increasingly looking beyond gateway cities as new construction remains muted.