New York City
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.
Amazon makes its first Manhattan office purchase since 2020The tech giant bought the midtown building near Grand Central Terminal from RFR Realty.
More News
Developers use branded condos to finance luxury hotels as some lenders back offThe demand isn't slowing for condos with names including Dolce & Gabbana and Mercedes-Benz.
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
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.
Earnings
Park Hotels remains steadfast in asset sale goal despite challenging marketPark Hotels & Resorts executives say performance in the first quarter for the hotel-focused REIT was better than expected, and it will continue to sell off at least $300 million in non-core assets this year. US Realty Advisors scores deal for Charlotte-area office campus as seller pivots to industrialPeakstone Realty has sold LPL Financial's largest corporate hub in a discounted deal for just shy of $107 million.
Earnings
RLJ Lodging's urban-centric hotel portfolio maintains business amid rocky conditionsDespite posting a solid first quarter, RLJ Lodging Trust has adjusted its outlook for year.Caribbean, Latin American hoteliers confident in their resilience amid challenges from the USCaribbean and Latin American countries have in recent years put effort into diversifying their demand and lowering reliance on the U.S. While hoteliers acknowledge U.S. economic challenges will have an effect in the region, they're not too worried.
Healthcare tops US job gains; Construction spending declines; Subway closings drive store count to 20-year lowHere’s what you need to know to start your day.
Preservationist buys the only Frank Lloyd Wright skyscraper ever builtMcFarlin Building is approved as the new owner of Price Tower in a $1.4 million deal through the bankruptcy court.
'People are really torn': Pacific Palisades property owners reckon with rebuilding realitiesFrom reconstructing to leaving town, stakeholders are forging a path forward after the Los Angeles wildfires.
Earnings
DiamondRock CEO anticipates US economic anxiety will settleDiamondRock Hospitality Company CEO Jeff Donnelly said the U.S. macroeconomic turbulence is already calming down, yet executives from the real estate investment trust have had to pivot to secure hotel goods from overseas that faced possible tariffs.Earnings
Pebblebrook lowers outlook over 'concerning signs' for demand in second half of 2025During the hotel REIT's first-quarter 2025 earnings call, Pebblebrook Hotel Trust CEO Jon Bortz spoke about signs of weakening hotel demand in the second half of the year. CoStar coverage of aftermath of Los Angeles wildfiresTop stories about the January devastation.
Tristan Capital to acquire EasyHotelLondon-based Tristan Capital Partners plans to acquire budget hotel brand EasyHotel for an estimated €242 million.
Earnings
Hotel demand holds, but potential for 'deteriorating lodging fundamentals' has grown, Host CEO saysIn the hotel REIT's first-quarter earnings call, Host Hotels & Resorts CEO Jim Risoleo said while the company has lowered some of its outlook for 2025, it's still well-positioned to drive performance.Earnings
Hyatt hopeful amid strong first quarter, 'modestly' adjusts outlookIn its latest earnings call, Hyatt Hotels Corp. executives explained why the brand is well-positioned to weather the ongoing "choppy environment."Earnings
Summit expects to power through softening demand following mixed first quarterSummit Hotel Properties CEO Jonathan Stanner said the company's first-quarter results were about what was expected and that he believes the company's investment in recent renovations will drive revenue.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
Bolstered engineering services have fueled the Toronto-based global real estate firm's growth this year.
Earnings
Marriott lowers its full-year outlook slightly over softening hotel demand concerns
During Marriott International's first-quarter 2025 earnings call, company executives explained their downward revision of their full-year RevPAR growth expectations.
ChatGPT founder opens eye-catching tech stores in six cities
Sam Altman's World showrooms offer to distinguish people from AI bots.
Skechers — with more than 5,300 global shoe stores — goes private in $9.4 billion deal
The buyer, 3G Capital, has a major stake in restaurant chains Burger King and Tim Hortons.
Amazon’s head of global real estate set to depart as company expands offices in major cities
Shannon Loew oversees a workplace portfolio of 65 million square feet in some 70 countries.
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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