Hospitality real estate investment trust Sunstone Hotel Investors posted mixed results during the second quarter, and it's a case of markets and segments performing very differently, CEO Bryan Giglia said.
Orlando, Florida, continues to solidify its position as a top-tier retail investment market. Cumulative sales volume over the past three years reached nearly $4 billion, placing the metropolitan area among the top 10 U.S. markets for retail investment activity during that period.
Following a year marked by the weakest absorption performance in more than two decades, Orlando’s office market continues to grapple with elevated vacancy and subdued demand.
Bain Capital and 11North Partners have acquired a portfolio of 10 open-air retail centers across Florida and South Carolina for roughly $395 million, as grocery-anchored properties attract investor interest.
Hotel revenue is largely up across Florida, with 11 of the state's 15 hotel markets achieving year-to-date revenue per available room growth in the first half of 2025. However, emerging obstacles could cause several markets to falter in the latter half of the year.
With newfound confidence in completing $300 million to $400 million in hotel asset sales by year's end, executives with Park Hotels & Resorts said their primary strategy for expanding and improving their portfolio is likely to be targeted renovations and development on currently owned property.
Two of the largest U.S. office landlords are boosting their outlooks as a result of better-than-expected leasing, climbing occupancy and rental rates, the latest sign tenants are back in dealmaking mode.
While an ongoing concern for the U.S. hotel industry at large continues, leisure demand from its Maui resorts helped drive strong performance at Host Hotels & Resorts’ properties during the second quarter.
Prominent industrial leases signed by Ryder Logistics, Shaw Industries and Encore negotiated by top dealmakers from Foundry Commercial are among the second-quarter industrial leases recognized by CoStar.
A prominent multifamily deal handled by Walker & Dunlop and an industrial disposition arranged by Cushman & Wakefield are among the top second-quarter property sales recognized by CoStar.
Prominent office leases signed by Healthfirst, Abbott, and Harper, negotiated by top dealmakers from JLL and CBRE are among the second-quarter office leases recognized by CoStar.
Prominent retail leases signed by Nordstrom Rack, Barnes & Noble and Zara Furniture, negotiated by top dealmakers from Atlantic Retail, SRS Real Estate Partners and Lake Nona Land Co. are among the second-quarter retail leases recognized by CoStar.
Piedmont Realty Trust, one of the largest office real estate investment trusts in the United States, reported its highest quarterly level of new leasing activity since 2018 as tenants commit to larger — and more expensive — deals.
Tampa Farm Services sold more than 600 acres in Martin County, Florida, in what brokerage Avison Young is calling the biggest deal of its kind since 2023.