Frasers Group, the retail owner of brands including Sports Direct and Flannels, has completed the acquisition of Swindon Designer Outlet in a major transaction revealed by CoStar News in October.
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.
Costco Wholesale says it opened its fifth Business Centre store in Ontario, just north of Toronto, in East Gwillimbury, as it looks to grow the new concept across the country.
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.
Healthy demand, limited new supply and shrinking inventory have kept Honolulu retail space scarce. Roughly half of the metropolitan area's 12 markets report availability rates below 3%. Conversions and demolitions of properties have reduced retail inventory during the past decade, strengthening fundamentals. Since 2015, the total square footage of retail space in the market has declined by 240,000 square feet.
Philip Voorhees has used client connections to help close more than 1,000 deals totaling some $15 billion in value as one of the top retail brokers for CBRE in California.
Seattle has consistently been one of the nation’s tightest retail markets over the past few years, with availability rates consistently in the low single digits. However, the region has also seen its availability rate rise from an all-time low of 2.7% about three years ago, to 4% today.
The Criterion Fund acquired the fully-leased Gateway Plaza Shopping Center in Midwest City, Oklahoma, from a private investor for $8.3 million or approximately $80 per square foot.
Boise retail leasing has experienced a noticeable decline in volume during the third quarter of 2025, as evidenced by new lease data that excludes renewal deals — recently signed deals total just under 200,000 square feet of space, representing a 20% decrease from the pre-pandemic average.
With an increasing need to grow units and a more challenging construction and development environment for hotels, the phenomenon of hotel brands leaning on strategic partnerships to grow their platforms has only become more prominent in the post-pandemic era.
