News | Development

September 18, 2025
From circadian lights to its own fragrance, JPMorgan's Manhattan headquarters aims to upgrade the office
To get a feel for the importance of the perks offered at JPMorgan Chase’s future Manhattan headquarters, take a look at the bank’s job postings at its $3 billion office development.
September 18, 2025
Chicago Fire soccer stadium takes key step toward approval
A professional soccer stadium along the Chicago River moved closer to reality Thursday when a key city panel approved changes to Related Midwest’s $8 billion development called The 78.
September 18, 2025
Nvidia to invest $5 billion into Intel; Outpost plans to double truck terminal network; Jobless claims decline
Nvidia to invest $5 billion into Intel
September 18, 2025
Sprawling Detroit commercial building portfolio goes up for sale
A Detroit real estate firm is looking to sell a 21-property portfolio in and around the city’s Eastern Market district. The offering is billed as the largest collection of commercial buildings ever offered in the area by a single owner.
September 18, 2025
Harrison Street on quest to build more housing for Calgary students
Global investment management firm Harrison Street has reached another milestone in its mission to develop 1,700 student housing beds in Calgary’s downtown University District.
September 18, 2025
Bridge Housing launches West Coast affordable housing equity fund
Residential developer Bridge Housing has launched its first private equity fund for affordable housing on the West Coast, a region that includes some of the priciest housing markets in the United States.
September 18, 2025
Owner of mall near Chicago plans to add 288 apartments
Developers have won zoning approval for a second residential phase of construction at a mall north of Chicago, clearing the way to add 288 apartments as part of a national trend.
September 17, 2025
CoStar World News for Sept. 18
September 17, 2025
Housing starts decline; Group opposes planned rail merger; Mortgage applications increase
Housing starts decline
September 17, 2025
Shopping center near Chicago sells to developer planning apartment tower
A shopping center just north of Chicago has sold for more than $31 million to a developer that is seeking zoning approval to add a 358-unit apartment tower to the property.
September 17, 2025
Dallas to use eminent domain to make way for expanded convention center
The city of Dallas is seeking eminent domain on a tract of land adjacent to the former Dallas Morning News building to make way for what is expected to be a $3.7 billion expansion and re-orientation of the downtown convention center.
September 17, 2025
Amazon affordable housing fund hits milestone in corporate home
A 233-unit apartment project broke ground near Amazon’s Seattle headquarters in one of the latest examples of the tech giant’s $3.6 billion program to fund affordable housing in cities where the company has big corporate operations.
September 17, 2025
Office-to-residential conversion near Chicago’s Mag Mile lands more than $90 million in financing
Developers planning to convert a high-vacancy office building near Chicago’s Magnificent Mile retail corridor to 252 apartments have secured more than $90 million in financing, a key step for a property that has encountered multiple financial setbacks in recent years.
September 16, 2025
Rice University, Lincoln Property Co. unveil big plans in Houston's Midtown
The real estate arm of Rice University, in partnership with Lincoln Property Co., has unveiled plans to develop a research, laboratory and office building spanning nearly 200,000 square feet on a site with ties to a former Sears store in Houston's Midtown area.
September 16, 2025
Rivian sets stage for construction of $5 billion Georgia plant
Electric vehicle maker Rivian appears set to begin construction of a planned $5 billion plant near Atlanta, a project that's been hit by months of delays and as Hyundai reconsiders its own EV plant elsewhere in Georgia following raids on its employees.
September 16, 2025
Retail sales rise; Office attendance hits new high; Builder confidence improves
Retail sales rise
September 16, 2025
Hospitality construction sluggish in most Northeastern cities
An analysis of the top 10 largest hotel markets in the Northeast year to date, in terms of room inventory, revealed that most areas had subdued levels of construction through July. In aggregate, the number of rooms under construction as a percentage of supply across the top 10 Northeastern metropolitan areas was 1.5%, well below the national average of 2.4%. New York was the lone exception, as the level of construction in America’s largest city was 5.7% of its existing supply.
September 16, 2025
One of Japan's biggest homebuilders completes its first US industrial hub
A U.S. affiliate of Japan's Daiwa House, in a joint venture with developer Trammell Crow, has completed its first U.S. industrial investment in the greater Houston region with bigger plans underway to invest in real estate across the country.
September 16, 2025
Historic preservation group honors projects in Philadelphia, Chicago and Memphis
A former Philadelphia power station. A longtime, single-room-occupancy hotel in Chicago. An empty school in Memphis, Tennessee.
September 15, 2025
Phoenix draws another megaproject as Vestar unveils $1 billion Legacy Park
New retail development across the United States is in the midst of a dramatic slowdown, but fast-growing Phoenix continues to see activity with a multibillion-dollar project about to get off the ground.

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