Federal gridlock is chilling one of America’s most resilient housing markets. In today’s brief: D.C. listings surge 55% amid the government shutdown, institutions tighten their grip on industrial real estate, global property values surpass $393 trillion, Cushman & Wakefield heads offshore, and Zillow faces a regulatory storm. The CRE360 Signal breaks down what it means for liquidity, valuations, and the next phase of capital flows across commercial real estate.