New York City
BlackRock to buy industrial real estate firm ElmTreeThe move comes as the world’s largest asset manager seeks diversification across its investments.
Design & Construction
Once a freight stop, later a nightclub, New York office building now takes on prominent rivalsTerminal Warehouse marks one of the largest adaptive-reuse projects in the city's history.Tishman Speyer lands $385 million CMBS loan for Park Avenue propertyConsumer products giant Colgate-Palmolive is the Manhattan building’s largest tenant.
CBRE names industry veteran to new position as head of New York retailMichael Taxin was most recently with Cushman & Wakefield.
New York OKs financial plan to help bring completion of Hudson YardsThe funds are contingent upon finding an anchor tenant for a proposed office building.
New York approves stabilized apartment rent increases for fourth straight yearThe move comes as the Democratic mayoral front-runner has promised a freeze on hikes.
This downtown LA tower reflects latest national approach to fight homelessness600 San Pedro in Skid Row is part of a broader effort to pair shelters with onsite services.
Exclusive
AI startup Warp expands Manhattan office footprintHigh-profile backers of the firm include Ashton Kutcher’s Sound Ventures.More News
Daily Roundup
First-half job cuts highest since early in pandemic; Builder groups cheer tax bill's passage; Manufacturing activity contractsHere’s what you need to know to start your day.How this executive leads JLL's new approach to mixed-use projectsSean McNamara runs The Mixx, carrying out the firm's strategy for blending multi-asset property operations.
Commercial property pros focus on incentives in sweeping federal tax and funding lawThe newly signed measure is said to hold some positives for the industry, driven by tax incentives.
CoStar Insight
Sun Belt and coastal cities see higher hotel labor costsU.S. hotel labor costs per occupied room (POR) have surged across major markets, with the steepest increases concentrated in Sun Belt and coastal destinations. Rising labor expense...People of Note
JLL expands Midwest industrial team; Parkview names new CFO; Trion executive to chase multifamily dealsRead the latest on new hires, promotions and other personnel changes.Blackstone Real Estate to buy Sunseeker Resort Charlotte Harbor for $200 millionBlackstone Real Estate will buy the 785-key Sunseeker Resort Charlotte Harbor from Allegiant Travel Co., which intends to pay down debt and improve its balance sheet with the proceeds from the sale.
Apple amplifies music production capacity with new Los Angeles studioMusic firms are adding artist-first studios to expand their business, deepen talent ties and create new revenue streams.
Daily Roundup
Trump signs tax, funding bill into law; Government tops job gains; Back-to-school spending expected to riseHere’s what you need to know to start your day.CoStar Insight
These US tertiary market trends could continueA number of new rental behaviors characterize the emerging equilibrium in the office space market.Retail merger activity surges with $112.7 million deal for Big 5 Sporting GoodsCapitol Hill Group and Worldwide Golf plan to take the California chain with 414 stores private amid a flurry of deals.
Analytics giant dumps half of North Carolina footprint with move to relocate office hubLexisNexis has inked a deal for a new Raleigh outpost as it adjusts to hybrid work.
How a London general manager plays on dual-branded hotels' connections and individualityDavid Hayden, a general manager of the dual-branded Mercure London Earls Court and Ibis London Earls Court, shares best practices for efficiently operating two hotels that share the same building.
How hotel companies can get more out of online travel agenciesHotel companies have opportunities to leverage online travel agency data and technology for revenue, sales and marketing.
Global Report
CoStar World News for July 3Singapore gets first Raffles hotel since 1887; UK defense spending hike could boost industrial demand; Blackstone ramps up French investmentsDevelopers behind Denver’s newest office tower land financing extensionRiverside Investment & Development and Convexity Properties now have some breathing room on $242 million construction loan.
Daily Roundup
Private-sector jobs decline; Microsoft adds to workforce cuts; Mortgage applications riseHere’s what you need to know to start your day.Texas looks to film incentives to boost its star power against Hollywood, New YorkA new law is aimed at supporting soundstage development as the state vies for a lead role in entertainment production.
Massachusetts taps Irish firm for $750 million revamp of roadside travel plazasA homegrown rival may try to block the contract, arguing it had a superior bid.
Exclusive
Chevron subsidiary dumps Denver office on the sublease marketPDC Energy is looking to cut ties with the downtown space in the aftermath of a $7.6 billion acquisition.Guinness World Records recognizes mark set by Canadian solar panel facade makerMitrex Solar aims to lower buildings' energy costs in Canada, the United States and Middle East by up to 30% by capturing sunlight and converting it to power.
CoStar Economy
Slowing sales ease housing price growth, with prices falling in some placesPrices drop in many Sun Belt markets and rise in the Northeast and Midwest.Hoteliers in Africa devise novel financing options to increase openingsHoteliers across Africa are finding new ways to finance development across the continent, though lenders still shy away from certain regions due to risk and uncertainty.
FBI's new headquarters destination changed to down the street instead of DC suburbsThe Trump administration officially scrapped a plan to move the agency from the nation's capital to Maryland in what it calls a cost-saving measure.
Suburban Phoenix center sells for $645.1 million as mixed-use sites draw investorsProperties combining retail with multifamily space are faring well in the market.
Daily Roundup
Construction spending declines; Job openings hit six-month high; Office attendance edges lowerHere’s what you need to know to start your day.Featured
Podcast
Podcast
Hospitality
'Tell Me More' podcast hosts unpack May demand as an indicator of seasonal sluggishness
Hospitality
CoStar Insight
CoStar Insight
Analytics
In a first, new leases for initial six months of 2025 surpass some years leading up to pandemic
Analytics
Featured
Featured
Office
The Diamond in Chicago is the latest building to take on a new moniker inspired by its design
Office
CoStar Insight
CoStar Insight
Hospitality
Atlanta has the highest CMBS distress in the region
Hospitality
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
Exclusive
Exclusive
United Kingdom
Mobile gaming company takes 47,000-square-foot above recently opened IKEA
United Kingdom
Germany
Also taking on the insolvent group's sales and financing divisions.
Germany
France
Delisting in Australia will take place on August 27
France
United States
Lease renewal, expansion come as complex undergoes $500 million upgrade
United States
United States
Sant Ambroeus is first retail tenant named for high-profile Knox Street development
United States
United States
New York-based Vanbarton Group sells 265-unit property on First Hill for $173 million
United States
United States
Brett White to step down as chairman, making way for Blackstone executive
United States
The Jamison Properties-owned building was listed after the firm defaulted on a $35 million loan.
CMBS Notebook
Downtown Baltimore fixture loses largest tenant; Concerns rise for Manhattan office tower; Loan payoff missed again for Minnesota icon
A weekly look at the commercial mortgage-backed securities business.
Deep dive: Here are some of the world's most interesting hotel pools
From mountain views to spa escapes, here's where you can cool off in some of the most interesting hotel pools from all around the world.
US apartment rent growth eases for first time since early 2024
San Francisco, Chicago and San Jose led cities for increased asking rents, according to Apartments.com's second-quarter rent growth report.
Video
Outrigger CEO sees hope in Hawaii, Asia
The state of Hawaii will see a dip in Canadian travelers this summer, but Outrigger CEO Jeff Wagoner believes overall numbers will be up.
Featured
Podcast
Podcast
Hospitality
'Tell Me More' podcast hosts unpack May demand as an indicator of seasonal sluggishness
Hospitality
CoStar Insight
CoStar Insight
Analytics
In a first, new leases for initial six months of 2025 surpass some years leading up to pandemic
Analytics
Featured
Featured
Office
The Diamond in Chicago is the latest building to take on a new moniker inspired by its design
Office
CoStar Insight
CoStar Insight
Hospitality
Atlanta has the highest CMBS distress in the region
Hospitality
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
Exclusive
Exclusive
United Kingdom
Mobile gaming company takes 47,000-square-foot above recently opened IKEA
United Kingdom
Germany
Also taking on the insolvent group's sales and financing divisions.
Germany
France
Delisting in Australia will take place on August 27
France
United States
Lease renewal, expansion come as complex undergoes $500 million upgrade
United States
United States
Sant Ambroeus is first retail tenant named for high-profile Knox Street development
United States
United States
New York-based Vanbarton Group sells 265-unit property on First Hill for $173 million
United States
United States
Brett White to step down as chairman, making way for Blackstone executive
United States
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