New York City
Aquarian Holdings leases top floors at iconic Manhattan office towerThe investment firm has agreed to pay $275 per square foot, according to CoStar data.
Vornado eyes apartments near busiest US transit hubThe real estate investment trust has already started working on a project in Manhattan’s Penn District.
Daily Roundup
PwC plans job cuts; Office attendance edges higher; Student housing investment risesHere’s what you need to know to start your day.Real estate fundraising boosts Brookfield Asset Management’s first-quarter resultsNew US$6 billion in capital sets up the firm to take advantage of attractive property prices.
Marcus & Millichap reorganizes leadership team in quest to boost salesThe brokerage tapped Richard Matricaria as chief growth officer and promoted J.D. Parker to chief operating officer.
People of Note
CBRE names logistics capital markets lead; Newmark taps research, engineering executives; Colliers picks veteran for leasing businessRead the latest on new hires, promotions and other personnel changes.Historic Manhattan publishing landmark leases upThe nineteenth-century property was built for Charles Scribner’s Sons.
New York University signs Manhattan’s largest new office lease since pandemicThe deal with landlord Vornado Realty Trust includes an option to buy the space.
Ackman's Pershing Square buys bigger stake in Howard Hughes HoldingsThe deal reached after months of talks is expected to transform Hughes into a diversified holding company similar to Berkshire Hathaway.
Residential project in Brooklyn’s Gowanus lands $174.5 million backingPlans call for two high-rise towers in the rezoned neighborhood.
More News
Global Report
CoStar World News for May 8Hotel deal ranks among Denmark’s largest; UK defaults rise; Robotized warehouse comes to life under Paris boulevardHudson Pacific Properties boosts leasing pipeline as office market turns a cornerThe West Coast landlord said it has yet to feel any "tariff-related impacts to tenant demand."
TPG's real estate divisions tout $13 billion to spend on investmentsGlobal alternative asset manager is weighing a number of "interesting investments" in the U.S., Europe and Asia, the CEO said.
Design & Construction
Maine's tallest tower proposed for downtown PortlandThe new mixed-use building would surpass a church as having the state's highest rooftop.Daily Roundup
Disney plans international expansion; Applebee’s parent grows dual-brand concept; Online job postings riseHere’s what you need to know to start your day.Canadian money managers navigate trade winds around US real estate investmentsThe nation that's the top non-US investor in American commercial property faces pressure from changing popular sentiment toward its neighbor to the south.
Ashford Hospitality Trust grapples with DOGE cuts hurting government travelThe hospitality REIT plans to invest in nine hotels this year and is pivoting its sales strategy.
Canadian hoteliers counting on business-friendly governmentThe Hotel Association of Canada said it will seek funding to promote travel to and within the country.
Kilroy Realty bats away macroeconomic concerns to report office leasing momentumThe West Coast landlord is pointing to increasing demand and more return-to-office mandates as an anchor for a widespread recovery.
CoStar Insight
Immigration-driven renter demand expected to moderateResidents born outside the country rent apartments at double the rate of U.S.-born population.Podcast
Hotel Indigo's next era of global growth includes resorts, conversionsIHG Hotels and Resorts is on a mission to double its Hotel Indigo portfolio and open boutique-style hotels around the world. Earnings
Sunstone counts on conversions, renovations to bolster business in 2025On its first-quarter earnings call, Sunstone Hotel Investors celebrated the reopening of Andaz Miami Beach, which REIT execs hope will deliver revenue for the rest of the year.Hotel Equities, Springboard Hospitality join together in strategic mergerHotel Equities and Springboard Hospitality have merged their operations, combining their portfolios of branded select-service and full-service hotels and independent, lifestyle hotels and resorts.
Colliers posts revenue jump as executives downplay tariff concernsBolstered engineering services have fueled the Toronto-based global real estate firm's growth this year.
IQHQ lands global gene pioneer at San Diego biotech campusThe J. Craig Venter Institute is the first life science tenant at the $1.5 billion downtown waterfront development.
Exclusive
GM's autonomous vehicle arm puts another San Francisco office up for subleaseCruise's latest listing lands as its parent company retreats from and cuts funding to its robotaxi business. Hollywood hopes a federal lifeline can flip the script on declining movie productionState and federal officials are considering incentives to boost filming.
Nashville IT company sublets piece of headquarters to WeWorkThe coworking firm will lease 100,000 square feet from Asurion.
Earnings
Marriott lowers its full-year outlook slightly over softening hotel demand concernsDuring Marriott International's first-quarter 2025 earnings call, company executives explained their downward revision of their full-year RevPAR growth expectations. Earnings
Apple Hospitality REIT still buying and selling amid 'challenging' transactions marketApple Hospitality REIT CEO Justin Knight says the company's hotels are actively shifting their business mix away from government business. Rite Aid looks to sell stores in second Chapter 11 filingThe drugstore chain says it has potential national and regional buyers for its assets.
Five roofs to one: Bank consolidates to larger Boston-area headquartersRockland Trust is jumping on a recent vacancy to close out its yearslong expansion search.
Daily Roundup
Trump plans tariff on imported movies; Berkshire Hathaway stock falls after new CEO confirmed; US imports outpace onshoring effortsHere’s what you need to know to start your day.Here's how developers shift financing to make affordable housing profitableBuilders ease reliance on tax credits to embrace other sources of capital to get projects moving.
Featured
Power Brokers
Power Brokers
Top News
Brokers won big property deals despite uncertainty in the global economy
Top News
CoStar Insight
CoStar Insight
Analytics
Vacancy rate falls for a second straight quarter as 4,900 units are absorbed
Analytics
CoStar Insight
CoStar Insight
Hospitality
A roundup of notable luxury hotel openings in 2025 and beyond
Hospitality
Market Moves
Market Moves
Finance
Here’s a Live Overview of What’s Happening in the Market Today
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Impact Awards
Impact Awards
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Industry pros pick work that had a major impact on their markets
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Featured
Featured
Office
New music venue, offices and restaurants drive interest in changing part of Virginia capital
Office
CoStar Insight
CoStar Insight
Analytics
Office leasing activity plateaus for major deals amid cautious business sentiment
Analytics
CoStar Insight
CoStar Insight
Analytics
New projects to come on line in downtown Miami, Brickell Key
Analytics
International News
United States
World's largest commercial real estate services company uncertain of repeating better-than-expected results
United States
Germany
The Lower Saxony site is let to DPD
Germany
United Kingdom
Joint venture seeded with £403 million of UK supermarkets
United Kingdom
United Kingdom
CEO of world's largest investor suggests assets can be bought at a discount
United Kingdom
HNN Video
HNN Video
Germany
Marriott focuses on East Africa with JW Marriott and Ritz-Carlton openings, signings
Germany
United Kingdom
Lego also joining group at Al Gurg development
United Kingdom
CoStar Interview
CoStar Interview
United Kingdom
Tariffs create 'every probability' for more investment into European real estate, Pictet boss argues
Global head of real estate Zsolt Kohalmi argues investors are looking to diversify
United Kingdom
France
The decision has been taken in a climate of global economic tension
France
The real estate services firms are shifting leadership as executives weigh the effects of trade policy on the global economy.
Fed holds key interest rate steady after Trump called for cut
The central bank is keeping the target range at 4.25% to 4.5%.
CoStar Economy
The job market holds up — for now
Hiring surpasses expectations as signs of softening emerge.
JLL shifts CFO to lead global leasing as revenue rises in major business unit
The firm tapped Karen Brennan to take over the division and names Kelly Howe to replace her as chief financial officer.
Developers use branded condos to finance luxury hotels as some lenders back off
The demand isn't slowing for residences with names including Dolce & Gabbana and Mercedes-Benz.
Featured
Power Brokers
Power Brokers
Top News
Brokers won big property deals despite uncertainty in the global economy
Top News
CoStar Insight
CoStar Insight
Analytics
Vacancy rate falls for a second straight quarter as 4,900 units are absorbed
Analytics
CoStar Insight
CoStar Insight
Hospitality
A roundup of notable luxury hotel openings in 2025 and beyond
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
CoStar Insight
CoStar Insight
Analytics
Office leasing activity plateaus for major deals amid cautious business sentiment
Analytics
CoStar Insight
CoStar Insight
Analytics
New projects to come on line in downtown Miami, Brickell Key
Analytics
International News
United States
World's largest commercial real estate services company uncertain of repeating better-than-expected results
United States
Germany
The Lower Saxony site is let to DPD
Germany
United Kingdom
Joint venture seeded with £403 million of UK supermarkets
United Kingdom
United Kingdom
CEO of world's largest investor suggests assets can be bought at a discount
United Kingdom
HNN Video
HNN Video
Germany
Marriott focuses on East Africa with JW Marriott and Ritz-Carlton openings, signings
Germany
United Kingdom
Lego also joining group at Al Gurg development
United Kingdom
CoStar Interview
CoStar Interview
United Kingdom
Tariffs create 'every probability' for more investment into European real estate, Pictet boss argues
Global head of real estate Zsolt Kohalmi argues investors are looking to diversify
United Kingdom
France
The decision has been taken in a climate of global economic tension
France
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