New York City
Major Brooklyn project under new ownership taps Bjarke Ingels as design architectThe firm unveiled a new look for the 27-story rental property.
Samsung doubles office footprint at Vornado’s Penn 1 in ManhattanThe asking rent at the expanded space is $110 per square foot, according to CoStar data.
Manhattan’s tech office leasing signals best annual start since 2000The sector’s “revitalization” is being fueled by the rise of artificial intelligence, according to CBRE.
Nation's largest office landlords say leasing is hitting post-pandemic highsPiedmont Office Realty Trust and Highwoods Properties have boosted their outlooks as the market's rebound strengthens.
SoftBank-backed market data firm plans relocation to Manhattan’s Hudson YardsThe office lease comes as AlphaSense has expanded its global presence.
Related’s 70 Hudson Yards office tower begins excavation workThe project features consulting giant Deloitte as the anchor tenant.
New York’s hotel industry fears ‘onerous’ impact of new lawExecutives are expressing concern other cities may follow with similar labor requirements.
More US office space to be removed this year than added for first time since at least 2000Conversions and demolitions are expected to hit an inflection point with new construction, CBRE said in a new report.
Tishman Speyer makes first New York office purchase since 2019The developer acquired a 12-story boutique building in Manhattan’s SoHo neighborhood.
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Amazon leans on coworking space for US expansion with latest WeWork dealThe tech giant has signed on for more space in order to accommodate its Silicon Valley workforce's full return to the office.
Walmart drone deliveries to take off in five more citiesThe discounter is launching expanded service at 100 stores.
EasyHotel’s Malak confident in higher hotel quality, market share growth following Tristan Capital acquisitionBudget hotel firm and brand EasyHotel is increasingly moving into new mainland European markets, a thrust that has been accompanied by new ownership from Tristan Capital Partners and a change in guest mix and location focus.
Barry Sternlicht: If you're not having fun, get out of the hotel businessStarwood chairman shared insights while accepting the Jonathan Tisch Active Citizenship Award at NYU International Hospitality Investment Forum.
Historic Wanamaker office in Philadelphia slated for residential conversion after foreclosureA New York investment firm made the winning bid for the financially challenged Wanamaker Building.
Is the price right? PETA office named for late game show host Bob Barker hits the LA market.The headquarters for the animal rights group that doubles as a symbol for LA activism is for sale for $6.5 million.
Daily Roundup
Procter & Gamble plans job cuts; Tariffs weigh on Shein, Temu; Jobless claims riseHere’s what you need to know to start your day.Dine-in movie chain Alamo Drafthouse expands in Silicon Valley following Sony dealMovie theaters are branching out with food, drinks and 'Star Wars' marathons to survive in the age of streaming.
Colliers acquires global infrastructure bank as it bulks up business linesThe deal to buy a controlling interest in Astris Infrastructure is expected to close in the third quarter.
Daily Roundup
Private payroll growth hits two-year low; Amazon plans $10 billion data center investment in North Carolina; CEO turnover surgesHere’s what you need to know to start your day.Investors place $200 million bet on one of Atlanta's largest office parks with overhaul plansA CP Group-led venture scooped up the Piedmont Center for a fraction of its former value at a foreclosure auction.
Coinbase extends leasing streak with deal in one of nation's strongest financial hubsThe cryptocurrency platform is expanding to a Shorenstein-developed property in Charlotte, North Carolina.
Global Report
CoStar World News for June 5Accor plans India hotel expansion; UK lenders face reduced deal demand; Big office leasing surges in ParisBlockbuster San Francisco office sale marks city's priciest deal in yearsThe acquisition of Chevron's former downtown headquarters is a show of confidence in the market's gradual comeback.
Bank of Canada holds interest rates steady as real estate industry looks for more cutsA reduction would have helped energize the country's moribund property market, professionals said.
Video
Landlord CBL plans more mall sales as it upgrades portfolio, CEO saysIn this video interview, Stephen Lebovitz says the retail real estate investment trust is "on the upswing" after taking blows.CoStar Insight
Here's why some US industrial markets are moving toward equilibrium as others see peak constructionRebalanced supply-demand backdrops foretell the return of asking rent growth for certain large markets.Video
Hoteliers call for better tech, collaboration between operators and brandsA recap of the second day of the NYU International Hospitality Investment Forum with highlights, quotables, takeaways and more.The thrill of the thrift: Demand for unique goods drives national expansionsRed White & Blue Thrift is one of several such retailers adding stores, with its latest opening planned for a vacated San Diego Big Lots.
Daily Roundup
Microsoft adds to job cuts; Office attendance edges lower; Restaurant performance improvesHere’s what you need to know to start your day.Developer seeks land, underused offices to build apartments and industrial projects across the countryHanover Co. said it closed a $125 million investment fund to buy development sites from Florida to California.
Exclusive
Cushman & Wakefield nabs former CBRE leader to helm Texas, steer national office practiceLongtime CBRE real estate executive Russell Ingrum has joined Cushman & Wakefield's Dallas office.Dalata Hotel Group rejects €1.27 billion acquisition bid from Pandox, EiendomssparShortly after receiving an acquisition bid from a joint venture of Pandox and Eiendomsspar, executives at Dalata Hotel Group declined the offer.
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Resilient occupancy and strong leasing momentum in 'open-air' centers underscore landlords' strong position
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Investor considers disposing of office and retail properties
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United Kingdom
Construction activity has fallen by more than 3 million square feet over the last year, but forward-looking data suggests a turnaround may be imminent
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Canada
Reduction would have helped energize country's moribund property market, professionals say
Canada
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New guidance wants to unlock skyscrapers as driving factor for economic growth
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Landlords replace perks including a pool and an old-school boardroom to lure tenants
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Standard Chartered has agreed the facility for Workday HQ and residential development
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CMBS Notebook
A weekly look at the commercial mortgage-backed securities business.
Hooters shuts more US restaurants as it pivots to a franchise-only model
Hooters of America's bankruptcy proceedings continue in a Texas court.
Global giant Unilever debuts a post-pandemic US headquarters
The new hub across the Hudson River from Manhattan aims to accommodate hybrid work, attract talent and foster collaboration.
People of Note
CBRE hire to grow property management; Hoar Construction taps regional presidents; Avison Young makes Houston offices promotion
Read the latest on new hires, promotions and other personnel changes.
Analysts, economist outline factors behind more conservative US hotel outlooks
Across three presentations, experts at the NYU International Hospitality Investment Forum dove deep into a range of data points to analyze the state of the hospitality industry.
Featured
CoStar Economy
CoStar Economy
Economy
Next employment report could be telling
Economy
Podcast
Podcast
Hospitality
Tell Me More podcast hosts talk different scenarios
Hospitality
CoStar Insight
CoStar Insight
Analytics
Resilient occupancy and strong leasing momentum in 'open-air' centers underscore landlords' strong position
Analytics
Market Moves
Market Moves
Finance
Here’s a Live Overview of What’s Happening in the Market Today
Finance
Impact Awards
Impact Awards
Top News
Industry pros pick work that had a major impact on their markets
Top News
Featured
Featured
Office
New music venue, offices and restaurants drive interest in changing part of Virginia capital
Office
International News
United States
Investor considers disposing of office and retail properties
United States
Analysis
Analysis
United Kingdom
Construction activity has fallen by more than 3 million square feet over the last year, but forward-looking data suggests a turnaround may be imminent
United Kingdom
Canada
Reduction would have helped energize country's moribund property market, professionals say
Canada
United Kingdom
New guidance wants to unlock skyscrapers as driving factor for economic growth
United Kingdom
United States
Landlords replace perks including a pool and an old-school boardroom to lure tenants
United States
Switzerland
Pricing has grown well ahead of inflation across most markets
Switzerland
Ireland
Standard Chartered has agreed the facility for Workday HQ and residential development
Ireland
France
A report by Savills France looks into the subject
France
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