New York City
Here's how official bids for New York’s casino licenses stack upThese major developers, operators compete for right to run gaming operation in nation's biggest market.
Mint House completes metamorphosis of DC office building to hospitality propertyThe boutique apartment hotel brand opened its first Washington location at 1010 Vermont Ave. NW.
CoStar Insight
In New York, luxury RevPAR growth accelerates while non-luxury RevPAR growth slowsRevPAR growth in the New York market remains robust, having increased 7%, from $255 to $273, over the last 12 months. New York’s high-stakes casino competition shifts into high gear as deadline loomsBids, some running at least hundreds of pages from developers and operators, are expected to be submitted by Friday afternoon.
Here's where the new front-runner for New York City mayor stands on real estate issuesNew York State Assemblyman Zohran Mamdani claimed an upset victory in the Democratic primary, drawing attention to his property policies.
Less, but better: Inside URW’s US mall strategyThe global retail property giant is touting its best-performing real estate after winnowing its portfolio.
Scholastic considers sale of its Manhattan headquarters for financial boostThe publisher of the “Harry Potter” books said it tapped Newmark to identify partners for a potential sale-leaseback transaction.
TickPick doubles New York headquarters footprintThe ticket marketplace picked Vornado’s Penn 1 after considering more than 20 other locations.
Tech office leasing rebounds nationally, fueled by AI demandBeyond the Bay Area, New York, Seattle and Boston are seeing a boost.
Another Park Avenue tower in Manhattan filling upA global technology investment adviser inks 10-year lease at 450 Park Ave.
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Tenant retreat reduces commercial property valuesLarger properties led a price decline even as buying increased.
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Amazon kicks real estate expansion into higher gear with latest WeWork agreementThe tech giant is expanding its coworking strategy with a deal to stretch its footprint in the Phoenix area. Video
Hotel transactions could see uptick in late 2025, JLL's Kevin Davis saysHotel transactions could pick up later this year, according to Kevin Davis of JLL, as investors adjust to a “higher for longer” interest rate and construction costs continue to discourage new builds.US hotel performance picks up as summer season beginsHotels in the top 25 U.S. markets received a performance boost from Juneteenth falling on a Thursday this year, but RevPAR declines in Las Vegas and Houston provided a bit of a drag.
JLL relocating San Diego operations to high-profile towerThe brokerage will have its name on American Assets Trust's new building in the busy UTC enclave.
People of Note
CBRE expands Utah team; Northmarq hire pursues restaurant deals; Transwestern appoints business development veteran in TexasRead the latest on new hires, promotions and other personnel changes.Apple drops more than $165 million to buy Silicon Valley office buildingsThe tech giant's recent deal adds to the growing optimism of the industry's return to real estate expansion.
This San Diego building shows why some offices can become hotels — and others can'tDeveloper J Street and Hyatt are planning a $250 million dual-brand hospitality complex as developers try to make workspaces into new uses.
Daily Roundup
Pending home sales rise; Economy posts sharper contraction in first quarter; Durable goods orders surgeHere’s what you need to know to start your day.Rising demand and falling supply give boost to US multifamily sectorHigh mortgage rates and cost of homeownership are fueling the apartment market, real estate services and data firms said.
Universal plans first project in the Midwest at Chicago River site once planned for apartment towersUniversal Destinations & Experiences is bringing an immersive horror attraction across the street from the Bally’s casino campus already under construction along the Chicago River, a plot twist for the site.
PG&E invests to meet surging demand for Silicon Valley data centersElectricity demand from the AI boom could double in the next five years.
CBRE appoints UK and Ireland chief executiveInvestment banker Rishi Bhuchar will succeed Ciaran Bird.
Podcast
How the hotel industry can keep properties safe and inclusive for guestsIn this Pride Month episode of the Next Gen in Lodging podcast, host Chris Henry and guests discuss how the hotel industry has remained more committed to inclusion than other sectors.Global Report
CoStar World News for June 26African hoteliers seek flexible sustainability rules; UK office provider adds beds; Blackstone jockeys to buy prominent Paris buildingDaily Roundup
New home sales drop; Shell denies reports of merger talks with BP; Walmart, Intel plan more job cutsHere's what you need to know to start your day.Federal housing agency to leave DC for Northern VirginiaThe U.S. Department of Housing and Urban Development said it is coordinating a "staggered" move to Alexandria.
Exclusive
Chevron aims to cut another slice off its San Francisco Bay Area footprintThe oil giant has listed part of its former headquarters after its corporate relocation to Texas. Museum of Ice Cream selects Los Angeles for its first ground-up location CIM Group broke ground as customers respond to retail experiences.
How one hotelier is cultivating charm in historic Colorado hotelsClay Bales and his company, TCB Hospitality, are breathing new life into century-old structures, starting with The Rathbone Hotel in Montrose, Colorado.
Podcast
Sonesta embarks on new stage of growth as parent company continues to sell down assetsSonesta International Hotels Chief Development Officer Brian Quinn said after closing real estate sales, his company will shift focus to franchise opportunities.CoStar Insight
Retail sales slowdown does little to dent upward trend for store rentsLong-term sales growth continues to support record retail rents.MG Properties makes one of Orange County’s biggest apartment deals of past yearThe buyer cited rising demand for the $144 million Anaheim deal.
Daily Roundup
Amazon targets small towns for faster deliveries; Consumer confidence retreats; Office attendance edges lowerHere’s what you need to know to start your day.Why these California banks are bullish on branch expansionFive Star Bank is one of a handful of regional and out-of-state banks aiming to fill the void left by failed lenders in 2023.
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CoStar Insight
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Analytics
Increased attendance helps counterbalance stagnant payrolls as leasing activity recovers
Analytics
CoStar Economy
CoStar Economy
Economy
Global finance organizations weigh uncertainty over trade as tariffs loom
Economy
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Office
The Diamond in Chicago is the latest building to take on a new moniker inspired by its design
Office
Market Moves
Market Moves
Finance
Here’s a Live Overview of What’s Happening in the Market Today
Finance
Impact Awards
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Industry pros pick work that had a major impact on their markets
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Office
New music venue, offices and restaurants drive interest in changing part of Virginia capital
Office
International News
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
Portugal
Deal backed by €700 million debt financing package
Portugal
Germany
Conren Land buys Hamburg and Munich landmarks
Germany
United Kingdom
The UK and Italy proving the favoured destination as SCPIs like Corum, Sofidy and Iroko Zen go crossborder
United Kingdom
CoStar Interview
CoStar Interview
Canada
In battling to 'earn the commute' are companies in danger of over amenitising?
Canada
The tech billionaire plans to invest $100 million for improvements at Scottsdale Quarter.
Featured
Hines puts landmark office development Film House in the spotlight
The global developer says it is moving offices forward in the London media hub.
Hilton seeks to kick-start development for smaller hotel companies with Bridge partnership
The partnership between the hotel brand and online lending platform is designed to connect hotel investors with lenders in the current fractured financing environment.
Tiny storefront on Orange County's Balboa Island scores record price
A 1,300-square-foot retail building sold for nearly $1,700 per square foot in a deal that reflects the California island’s property scarcity and steady visitor traffic.
Exclusive
Chicago firm buys retail portion of Tribune Tower, one of city's best-known buildings
North American Real Estate is first retail-only buyer of property at 435 N. Michigan Ave., betting on a continued recovery of the Magnificent Mile shopping corridor.
Featured
CoStar Insight
CoStar Insight
Analytics
Increased attendance helps counterbalance stagnant payrolls as leasing activity recovers
Analytics
CoStar Economy
CoStar Economy
Economy
Global finance organizations weigh uncertainty over trade as tariffs loom
Economy
Featured
Featured
Office
The Diamond in Chicago is the latest building to take on a new moniker inspired by its design
Office
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
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
Portugal
Deal backed by €700 million debt financing package
Portugal
Germany
Conren Land buys Hamburg and Munich landmarks
Germany
United Kingdom
The UK and Italy proving the favoured destination as SCPIs like Corum, Sofidy and Iroko Zen go crossborder
United Kingdom
CoStar Interview
CoStar Interview
Canada
In battling to 'earn the commute' are companies in danger of over amenitising?
Canada
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