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09/19/2018
Record-High Cape Fear River Floods Fayetteville, North Carolina, After Hurricane Florence
The Cape Fear River crested at a record high in Fayetteville, North Carolina, causing flooding in the area. Credit: CoStar Group Inc. The Cape Fear River, the largest waterway in Fayetteville, North Carolina, crested at an historic high, causing major...

09/19/2018
Hurricane Florence: How Will the Storm Affect Multifamily Fundamentals?
One year removed from the devastation created by Hurricane Harvey in the Houston area, the country is once again reeling from another major storm. Hurricane Florence, which made landfall Sept. 14 along the North and South Carolina border, appears to be...

09/19/2018
New Jersey Bill Aims to Help Vacant Malls, Office Parks
The Burlington Center mall at 2501 Mount Holly Rd. in Burlington, New Jersey, is one of the properties that New Jersey lawmakers say could be helped by a new bill. New Jersey lawmakers are making a new legislative push to help rid the state of its vacant...

09/19/2018
Did You Hear? Colin Connolly’s New Job Follows an Old Path
Colin Connolly is taking over one of Atlanta’s best-known real estate investment trusts.Connolly has been named chief executive of Cousins Properties, and his primary mission will be a familiar one: Creating value through the development of, and investment...

09/19/2018
New Tax Provisions Open Gates to $250 Billion in Property Investments
One of the least publicized provisions of the federal Tax Cuts and Jobs Act signed into law last December will be getting a lot more attention in coming weeks. The provision has the potential to stimulate a new round of investment in commercial real...

09/19/2018
Fayetteville, North Carolina, Evacuates Downtown Ahead of Potentially Catastrophic Flooding
A small plaza submerged under several feet of water marked the start of flooding Tuesday in the aftermath of Hurricane Florence. Photo credit: Paul Owers, CoStar Group On the edge of downtown Fayetteville, North Carolina, the flooding from Hurricane...

09/19/2018
Port Covington Developers Open 'Chapter 1' With or Without Amazon
Aerial of the Port Covington development in Baltimore. Credit: Taylor Damm, CoStar Group Spurned by Amazon, Baltimore's one-time suitor for the online giant's so-called HQ2 outlined its newest plans for a sprawling site on the city's waterfront. Sagamore...

09/18/2018
Singapore's CapitaLand Storms Into U.S. Apartment Market with 16-Property, $835 Million Purchase
The Ashton Apartments in Corona, California is one of 16 properties being acquired by CapitaLand in an $835 million deal.Singapore’s CapitaLand Ltd. is entering the U.S. apartment market with a splash, buying an $835 million portfolio of rentals in western...

09/18/2018
Downtown L.A.'s Biggest Booster to Retire After 30 Years
Downtown Los Angeles promoter Carol Schatz plans to retire from the Downtown Center Business Improvement District that she founded almost 30 years ago.Courtesy of Carol Schatz Downtown Los Angeles advocate Carol Schatz is retiring at the end of the...

09/18/2018
Tishman Speyer’s Omniturm Changes Hands in Fast-Track Deal in Germany Valued At Over $800 Million
Artist rendering of Omniturm, a new mixed-use development under development by New York-based Tishman Speyer in Frankfurt, Germany’s central business district. The tower will be one of the first in Germany to combine office, residential and public space...