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01/28/2015
On a Roll, U.S. Office Market Demand Expected to Stay Strong Through 2016
With vacancies falling and rents rising in growing numbers of submarkets and slices within the U.S. office sector, demand for office space is expected to remain at post-recession highs for the next two years, according to CoStar Portfolio Strategy analysts...

01/28/2015
Hyatt, Marriott Join Race to Woo Millennials With Hip High-Tech Hotel Brands
Ah, the elusive millennial generation cohort. Employers spend millions of dollars researching millennial goals and beliefs to try and figure out what they want in a job. The housing industry can't decide why they're not buying houses like their parents...

01/28/2015
Can Strong Fundamentals Help REITs Overcome Investors' Sensitivity to Interest Rates?
Improving property fundamentals across the board are brightening the outlook for REITs going into the year. And yet, just like clockwork, the lingering specter of rising interest rates has some investors on edge. It was the same worry that plagued...

01/28/2015
Interest Rates, First-Time Buyers Key To Sustained Housing Market Improvement
Following a disappointing year, it's a bit of 'deja vu all over again' for the U.S. housing market as questions over the direction and timing or interest rates continue to dog the market despite positive economic tailwinds at the end of the year. The...

01/28/2015
Red Lion Hotels Refinances Debt, Forms Joint Venture for National Expansion
Red Lion Hotels Corp. (RLHC) agreed to sell a 45% ownership stake in 12 hotels to a joint venture and concurrently refinanced all of the company's secured debt as part of a far-reaching transaction to support a national rollout. RLHC will maintain...

01/28/2015
Developers Seek to Catch New Wave of Stadium, Arena Construction
It used to be fairly common for wealthy real estate developers to buy sports teams. These days, owners of sports team are turning the tables and becoming real estate developers. Case in point, Tampa Bay Lightning owner Jeff Vinik, who is championing...

01/27/2015
LaSalle Hotel Properties Buys Westin Market Street for $350 Million
Westin Market Street, a 35-story, 681-room hotel located at 50 Third St. in San Francisco's Yerba Buena district, sold to Bethesda, MD-based multi-operator real estate investment trust LaSalle Hotel Properties (NYSE: LHO) for $350 million, or approximately...

01/26/2015
Office Lease Up (Jan. 26) AmSurg Signs for 222,000-SF South Florida HQs
AmSurg Corp. entered into an office lease with an affiliate of Torburn Partners for 222,000 square feet in Sunrise, Florida, for the headquarters of the company’s Physician Services Division. The company expects to occupy 167,000 square feet of office...

01/23/2015
Brookfield to Establish Global Facilities Management Business
Brookfield Asset Management Inc. has reached an agreement to buy out the other 50% of its Canadian and Australian facilities management businesses from Johnson Controls Inc. for $200 million. The acquisition is part of a larger strategy to merge its...

01/23/2015
CoStar's People of Note (Jan. 18 - 24)
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Dallas / Ft. Worth, New York City, Denver, Orange County, Orlando,...

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