Recent discoveries of massive galaxies existing in the early universe, as well as apparent anomalies in Ωm and H0 at high redshift, have raised sharp new concerns for the ΛCDM model of cosmology. Here, we address these problems by using new solutions for the Einstein field equations of relativistic compact objects originally found by Ni. Applied to the universe, the new solutions imply that the universe’s mass is relatively concentrated in a thick outer shell. The interior space would not have a flat, Minkowski metric, but rather a repulsive gravitational field centered on the origin. This field would induce a gravitational redshift in light waves moving inward from the cosmic shell and a corresponding blueshift in waves approaching the shell. Assuming the Milky Way lies near the origin, within the KBC Void, this redshift would make H0 appear to diminish at high redshifts and could thus relieve the Hubble tension. The Ni redshift could also reduce or eliminate the requirement for dark energy in the ΛCDM model. The relative dimness of distant objects would instead arise because the Ni redshift makes them appear closer to us than they really are. To account for the CMB temperature–redshift relation and for the absence of a systematic blueshift in stars closer to the origin than the Milky Way, it is proposed that the Ni redshift and blueshift involve exchanges of photon energy with a photonic spacetime. These exchanges in turn form the basis for a cosmic CMB cycle, which gives rise to gravity and an Einsteinian cosmological constant, Λ. Black holes are suggested to have analogous Ni structures and gravity/Λ cycles.