New York City
Lower Manhattan hotel gets reborn as M SocialSingapore-based Millennium Hotels and Resorts is targeting the “young at heart” with the brand’s second New York location.
Ivanhoé Cambridge defaults on New York City office towerThe firm's debt on 85 Broad in Manhattan has been transferred to a special servicer, Bloomberg reported.
CoStar Insight
Stability defines New York's medical office sectorWhile the massive improvement witnessed over the past two years can explain the health of New York's office sector, the medical office sector is characterized by stability. Hotels serve up succulent, sweet summer dishesHoteliers across the U.S. share the dishes they're preparing for guests this summer.
New York developer debuts two luxury rental towers in ManhattanLeasing has begun as market asking rent has reached a record high.
New York council OKs plan to complete largest US private developmentA proposal for the west side of Hudson Yards includes about 4,000 residential units.
Major condo tower in New York’s Long Island City lands $525 million construction loanThe development team also secured financing for a Brooklyn residential project.
CoStar Insight
New Jersey’s northern counties lead the state in owner-user industrial property salesAn analysis of industrial property sales across New Jersey reveals that owner-user sales are at the highest level statewide since at least 2015.More News
One of St. Louis' largest office towers faces foreclosure as city's occupancy hurdles lingerThe half-empty Bank of America Plaza tower is slated to be listed for sale nearly a year after it fell into receivership.
People of Note
Greystar hire to chase logistics business; NAI Capital executive pursues California deals; Kohanaiki names Hawaii brokerage chiefRead the latest on new hires, promotions and other personnel changes.Hotel development execs see opportunities for investors willing to weather the near-term stormUncertainty has cooled the pace of transactions, but hotel brand executives are hopeful for those with a long-term view.
Hines and Savills enlisted on mega London Olympia developmentThe Premier League has just signed for the 550,000-square-foot One Olympia.
UK government to end use of hotels to house asylum seekers by 2029The United Kingdom government’s plan to provide housing for asylum seekers currently uses approximately 225 hotels, down from more than 400 in November 2023.
EQT buys Phoenix warehouse in region's largest sale this yearThe investment firm acquired a distribution property from Blackstone for $128.2 million.
San Antonio office tower may face hotel conversion after losing anchor tenantIBC Bank is kicking off plans to overhaul an occupancy-challenged building as it faces lagging demand.
Nation's largest commercial mortgage servicer to relocate, expand Charlotte officesTrimont is expanding in the wake of its Wells Fargo loan business acquisition.
Exclusive
Broker behind sale of Four Sixes Ranch joins Icon Global in US expansionDon Bell joins Dallas-based brokerage that is opening offices across the country.Daily Roundup
Biotech job cuts mount; Producer prices rise; Restaurants boost summer hiring plansHere’s what you need to know to start your day.Hotel owners, lenders try to predict when hospitality transaction market will pick upAs deal activity remains slow amid market uncertainty, a handful of hotel industry leaders say improving capital conditions and disciplined underwriting point to a potential rebound in the second half of 2025.
Global Report
CoStar World News for June 12Sustainability drives Australian hotel lending; UK Chancellor bets big on affordable housing; French retail real estate reboundsInstacart delivers boost to San Francisco office market with headquarters renewalThe grocery delivery giant is recommitting to its downtown corporate hub as the city's recovery gains momentum.
Daily Roundup
Inflation edges higher; Deal reached with China on trade tariffs; Homebuilders urge affordability reformsHere’s what you need to know to start your day.Michaels looks to boost sales from the closing of other national retailersCraft supply retailer Michaels is expanding its offerings after the bankruptcies of Joann and Party City.
Biotech firm first to lease space at Boston skyscraper after discounted saleEnGene Holdings has signed a deal with Synergy Investments to expand its regional office footprint.
Chicago observatory to expand into former Signature Room restaurant spaceThe owner of 360 Chicago bought space on the 95th and 96th floors of the former John Hancock Center last year.
KKR-backed global auto supplier files for Chapter 11 bankruptcyLondon-based Strategic Value Partners is said to have emerged as the top bidder to take over Marelli.
Apartment market forecast stays positive in face of potential economic headwindsRental boom: Strong demand to drive down vacancies throughout 2025
Los Angeles developer wants to tap into demand for cheaper apartments with new businessConnor Mortland will lead BH Properties' new housing platform to target value-add multifamily assets.
Gray Capital kicks off multifamily fund to invest in nation's top region for rent growthThe investment group said it aims to acquire $500 million worth of apartments.
Spending Review: Chancellor 'bets big' with massive commitments on housing, defence and transportThe industry has been initially upbeat about the Review's impact on real estate.
Podcast
AHLA leader outlines US hotel industry's legislative prioritiesAvoiding tax increases and addressing high-cost labor markets top the industry advocacy group's 2025 priorities.Drugmakers plan $270 billion in US manufacturing investmentMassive commitments by multinational corporations could bring a biotech 'mini-renaissance' as tariff pressures mount, according to a new JLL report.
Featured
CoStar Insight
CoStar Insight
Hospitality
Travelers chose cooler destinations and casinos over the Memorial Day break
Hospitality
CoStar Insight
CoStar Insight
Analytics
Immigration has bolstered apartment demand. What an expected slowdown means in four gateway markets.
Rentals in South Florida, Dallas-Fort Worth, LA and Orange County face unique challenges
Analytics
CoStar Economy
CoStar Economy
Economy
Unemployment rate remains unchanged at 4.2%
Economy
Market Moves
Market Moves
Finance
Here’s a Live Overview of What’s Happening in the Market Today
Finance
CoStar Insight
CoStar Insight
Analytics
Demand has risen for quality rental houses amid expensive housing market
Analytics
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 Kingdom
April GDP falls 0.3% as US tariffs and tax changes take toll
United Kingdom
United Kingdom
Deal sees Tristan now own more than €1 billion in hotel assets
United Kingdom
United Kingdom
Yoo Capital and Deutsche Finance score world's most-watched football league
United Kingdom
Spain
The Vivia residential platform comprises 10 assets in Spain
Spain
France
According to our information, the other assets in the Project Echo portfolio have been withdrawn from market
France
Italy
Owner Gruppo Statuto acquired the hotel in October 2023 for €245 million
Italy
United Kingdom
Split follows launch of international business by US-based residential giant
United Kingdom
Podcast
Podcast
Hong Kong
Occupancy is up 4% while average daily rate is down 4%
Hong Kong
Hannah Granot has followed in her father's footsteps by joining the global brokerage, JLL.
Los Angeles airport rail link opens in time for city’s global event boom
The sprawling $900 million station could boost area real estate over time, observers say.
CMBS Notebook
High-profile office tower looks to buy time; Hawaii mall faces debt concerns; La Quinta hotel portfolio downgraded
A weekly look at the commercial mortgage-backed securities business.
CoStar Insight
Immigration has bolstered apartment demand. What an expected slowdown means in four gateway markets.
Rentals in South Florida, Dallas-Fort Worth, Los Angeles and Orange County are each facing unique challenges.
This office building's fireplace, cocktails and massages try to overcome San Francisco's market woes
The Cove also deploys a vinyl record-themed speakeasy and a spa-like fitness center as the nation's workplace landlords pile on the perks to lure tenants.
Featured
CoStar Insight
CoStar Insight
Hospitality
Travelers chose cooler destinations and casinos over the Memorial Day break
Hospitality
CoStar Insight
CoStar Insight
Analytics
Immigration has bolstered apartment demand. What an expected slowdown means in four gateway markets.
Rentals in South Florida, Dallas-Fort Worth, LA and Orange County face unique challenges
Analytics
CoStar Economy
CoStar Economy
Economy
Unemployment rate remains unchanged at 4.2%
Economy
Market Moves
Market Moves
Finance
Here’s a Live Overview of What’s Happening in the Market Today
Finance
CoStar Insight
CoStar Insight
Analytics
Demand has risen for quality rental houses amid expensive housing market
Analytics
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 Kingdom
April GDP falls 0.3% as US tariffs and tax changes take toll
United Kingdom
United Kingdom
Deal sees Tristan now own more than €1 billion in hotel assets
United Kingdom
United Kingdom
Yoo Capital and Deutsche Finance score world's most-watched football league
United Kingdom
Spain
The Vivia residential platform comprises 10 assets in Spain
Spain
France
According to our information, the other assets in the Project Echo portfolio have been withdrawn from market
France
Italy
Owner Gruppo Statuto acquired the hotel in October 2023 for €245 million
Italy
United Kingdom
Split follows launch of international business by US-based residential giant
United Kingdom
Podcast
Podcast
Hong Kong
Occupancy is up 4% while average daily rate is down 4%
Hong Kong
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