The much-discussed flight-to-quality trend has finally eased after net absorption turned positive for non-prime UK offices, defined as offices rated 4 stars or below by CoStar’s rating system. Preliminary results for 2025 suggest that the demand losses incurred in poorer-quality spaces may have turned into demand gains for the first time since before the COVID-19 pandemic, driven by improving demand and a growing shortage of premium-quality supply.
A 43-story office tower in Chicago’s Loop business district has been granted preliminary landmark status, an important step toward funding a conversion of much of the property into 349 apartments — while touching off a debate about the city’s preservation process and the merits of the building that replaced a Louis Sullivan-designed gem in the 1970s.
The development team behind one of Charlotte, North Carolina's future skyline fixtures is readjusting its original office-to-apartment ratio after landing a deal with one of the world's largest accounting firms.
In a quick pivot, SL Green Realty is now looking at transforming its trophy Times Square office tower into a roughly 1,000-room hotel and entertainment venue after its bid to open a casino there was rejected.
This year's hotel performance through October highlights a widening divide between luxury-heavy outer islands, which are regaining traction, and Oahu’s convention- and lower-rated international-dependent hotel base, which continues to sag.
Caterpillar, the world's largest manufacturer of construction and mining equipment, is taking on more office space with a property purchase near its North Texas headquarters.
Office leasing has stabilized in the Cincinnati area over the past few quarters, though new-to-market deals are skewing smaller as companies look to reduce overhead and improve flexibility.
Global Net Lease has entered into an agreement to sell the McLaren Campus – a three-building, 840,000-square-foot property located in Woking in Surrey – for £250 million and a 7.4% net initial yield.
German bank DekaBank is in talks to provide finance to global real estate investment manager Hines backing its circa £185 million acquisition of the City of London's Worship Square offices.
