New York City
Three tenants renew leases at Manhattan’s Seagram BuildingThe deals come as an Avison Young study found market lease terms have topped pre-pandemic averages.
Daily Roundup
Target cites tariff uncertainty in sales decline; New York tops city ranking for economic prospects; Single-family rental development slowsHere’s what you need to know to start your day.New York to spend over $400 million to upgrade priciest US shopping corridorThe expected total investment in Fifth Avenue more than doubles the initial amount.
Silverstein’s NYC casino proposal adds new partnerRush Street Gaming’s Neil Bluhm has led projects in Boston, Chicago and Los Angeles.
BH3 Management adds senior associate to growing New York officeThe South Florida-based real estate investment firm has hired Dylan Bennett.
With stock lagging, office landlord Paramount Group explores strategic alternativesThe company owns top-tier properties in New York and San Francisco.
Related, Oxford, Wynn Resorts drop Manhattan casino bid at Hudson YardsA revised plan for the development includes building up to 4,000 apartments.
The Goddard School leases 15,462 square feet in NYC’S Upper East SideThe Goddard School, a private school that focuses on early childhood development, has signed a 15-year lease for 15,462 square feet that occupies the entire ground and second floor...
People of Note
Newmark bolsters national finance team; Savills pursues Chicago life science business; Walker & Dunlop expands multifamily servicesRead the latest on new hires, promotions and other personnel changes.Newmark buys Howard Lutnick's shares as Trump's commerce secretary divests from businessesThe New York-based brokerage agreed to pay $127 million to its former executive chairman to repurchase nearly 11 million shares.
More News
ICSC Las Vegas
US retail’s biggest conference shows dealmaking can supersede economic turmoilTenants and landlords at the ICSC conference said the macro environment hasn't stopped deals.US government considers shedding more offices around the country to save moneyFrom Boston to Houston to Miami, property could be used as multifamily or mixed-use spaces, real estate pros say. The list includes the U.S. Department of Energy's headquarters.
Commercial projects grow near new public parks across the countryGreen space attracts developers to build projects from Atlanta to Irvine, California, the Trust for Public Land said in a report.
Daily Roundup
House passes Trump tax bill; Walmart plans job cuts; Existing home sales declineHere’s what you need to know to start your day.People of Note
Northmarq expands investment team in LA; BH taps director to grow retail portfolio; CBRE adds to litigation support teamRead the latest on new hires, promotions and other personnel changes.ICSC Las Vegas
Retail space shortage 'shocking,' Colliers executive saysIn this video interview, the firm's national director for retail, Anjee Solanki, describes how high demand leads to waiting lists for spots at some centers.CMBS Notebook
Carr Properties refinances Boston tower; CMBS poses risk for banks; Short-term loan bundles surgeA weekly look at the commercial mortgage-backed securities business.Despite challenges, deals still possible in current environment, hoteliers sayAt the Hospitality Law Conference, hotel industry experts spoke about the current state of capital markets and the factors affecting hotel deals and development.
CoStar Insight
As the office market recovers, these changes may be here awhileA few new occupier leasing behaviors characterize the emerging balance in the market for office space.ICSC Las Vegas
From doggy day care to ethnic grocers, a wave of fresh retailers expandsLegacy tenants are getting replaced by businesses related to shifting consumer priorities.San Francisco project to rise on site of fatal fire, despite Mission neighbors' oppositionLocal officials say state laws make it harder for residents to block housing developments.
Daily Roundup
Home Depot plans to avoid price hikes; Big banks get ratings downgrade; Office attendance holds near peakHere’s what you need to know to start your day.ICSC Las Vegas
CBRE's new Americas retail managing director surveys the property landscapeIn one of his first interviews on the job, Scott Schnuckel discusses the state of the business.Trinity Investments sells JW Marriott Phoenix Desert Ridge to Ryman Hospitality for $865 millionTrinity Investments bought the 950-room hotel from Blackstone in 2019 for $602 million and invested $100 million into a renovation, which was completed in 2023.
Historically preserved Nantucket resort captures imagination of renowned author's fan baseAcross her 30 novels, Elin Hilderbrand has introduced her readers to both the island and a 134-year-old hotel.
Caribbean hoteliers seek more regional sources for travel demand, construction materialsTravelers and materials sourced within the region have become increasingly important to the long-term health of Caribbean tourism amid challenges in the U.S.
Hines lands major deal at renovated San Francisco officeA law firm is leveraging its lease expiration for the chance to relocate its downtown headquarters to the recently overhauled space.
ICSC Las Vegas
As US downtowns shed office workers, officials shop retail solutionsLegislators and economic development heads across the United States have landed at ICSC to fulfill their ground-floor strategies. Mesirow raises more than $1 billion for US multifamily acquisitionsThe Chicago-based firm’s value fund is targeting up to 30 of the largest markets.
Daily Roundup
Treasury yields rise after US credit downgrade; Restaurant costs soar; Consumers expect to curb nonessential spendingHere’s what you need to know to start your day.Remington Hospitality appoints Ben Perelmuter as CEOBen Perelmuter, former president and chief operating officer of TPG Hotels & Resorts, is set to step into his new role on June 2.
What a stalled NLRB means for hotel industry employersShort staffing in the U.S. National Labor Relations Board is affecting the flow of legal decisions, but labor attorney Robert Bernstein said at the Hospitality Law Conference that staying aware of what may happen next is critical for hotel and restaurant owners.
Featured
CoStar Economy
CoStar Economy
Analytics
American consumers show caution as tariff talk heats up
Analytics
CoStar Insight
CoStar Insight
Retail
Retail leasing accelerates as demand for space holds strong
Retail
CoStar Insight
CoStar Insight
Analytics
What CoStar's Analytics team is hearing from hospitality professionals
Analytics
Market Moves
Market Moves
Finance
Here’s a Live Overview of What’s Happening in the Market Today
Finance
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
New projects to come on line in downtown Miami, Brickell Key
Analytics
CoStar Insight
CoStar Insight
Analytics
Healthy demand and limited new supply bode well for landlords
Analytics
International News
United States
Tariff uncertainty has logistics executives bracing for more volatility as demand falls
United States
United States
Brightline reaches deal with shared office space provider Industrious
United States
United Kingdom
Global fashion icon signs 10-year lease at former Ted Baker unit on Regent Street
United Kingdom
United Kingdom
US industrial investor has queried value attached to Crewe Radway Green site
United Kingdom
Exclusive
Exclusive
United States
Flexible office provider is hunting for new flagship location in New York
United States
United Kingdom
CoStar index shows central London offices, retail warehouses and Scottish hotels among the best relative performers
United Kingdom
France
Fund targeting UK and major European markets
France
Earnings
Earnings
United Kingdom
British firm opens 86 hotels in first quarter
United Kingdom
More expensive buildings are selling as the city tries to turn a corner.
Exclusive
Apartment tower in Chicago’s Gold Coast goes up for sale
The move may test a market that's showing signs of a thaw.
Global Report
CoStar World News for May 22
Iran’s hotels lure investors despite sanctions; UK monarch’s property firm joins development venture; French retail deal volume soars
Condo sales at Mandarin Oriental's Miami redevelopment hit $1 billion
The two-tower project that includes Mandarin Oriental's new North American flagship hotel is expected to be completed in 2030. The sales are the latest sign of high-end demand in Miami.
Two decades and $1.3 billion later, largest US hotel under construction becomes year's biggest opening
The Chula Vista property’s 1,600 rooms and a half-million square feet of meeting space have already generated more than 1 million hotel room-night bookings.
Featured
CoStar Economy
CoStar Economy
Analytics
American consumers show caution as tariff talk heats up
Analytics
CoStar Insight
CoStar Insight
Retail
Retail leasing accelerates as demand for space holds strong
Retail
CoStar Insight
CoStar Insight
Analytics
What CoStar's Analytics team is hearing from hospitality professionals
Analytics
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
New projects to come on line in downtown Miami, Brickell Key
Analytics
CoStar Insight
CoStar Insight
Analytics
Healthy demand and limited new supply bode well for landlords
Analytics
International News
United States
Tariff uncertainty has logistics executives bracing for more volatility as demand falls
United States
United States
Brightline reaches deal with shared office space provider Industrious
United States
United Kingdom
Global fashion icon signs 10-year lease at former Ted Baker unit on Regent Street
United Kingdom
United Kingdom
US industrial investor has queried value attached to Crewe Radway Green site
United Kingdom
Exclusive
Exclusive
United States
Flexible office provider is hunting for new flagship location in New York
United States
United Kingdom
CoStar index shows central London offices, retail warehouses and Scottish hotels among the best relative performers
United Kingdom
France
Fund targeting UK and major European markets
France
Earnings
Earnings
United Kingdom
British firm opens 86 hotels in first quarter
United Kingdom
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