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May 1, 2025
Bay Area facility picked as $80 million site to promote US biomanufacturing
A nonprofit set up in 2020 by the U.S. Department of Defense is investing $80 million to establish a facility in the San Francisco Bay Area as part of efforts to advance American bio-industrial manufacturing.
May 1, 2025
Amazon to triple rural delivery network in face of tariff uncertainty
Amazon plans to triple its network of distribution hubs in rural U.S. areas to get deliveries to customers faster in the face of climbing consumer prices and tariff uncertainty.
May 1, 2025
Leader of Avison Young Canada urges country's major parties to work together
The president of Canadian real estate firm Avison Young is encouraging the country's two major parties to work together to enact key policies that will benefit commercial real estate.
May 1, 2025
McDonald’s posts steep sales decline; Jobless claims surge; Kohl’s ousts CEO
McDonald’s posts steep sales decline
May 1, 2025
Is this a store or a museum? Printemps blurs the line to lure shoppers.
After waiting in line, a steady stream of visitors on a recent spring day strolled inside French luxury retailer Printemps’ first and newly opened U.S. outpost in New York. They were about to glimpse space designed to look nothing like a typical store.
May 1, 2025
CBRE banks on hire to execute institutional deals; Avison Young taps executive to grow Denver; JLL names leader of workplace management business
CBRE pursues institutional business with New York hire
May 1, 2025
Brookfield lands buyer for sprawling Houston office complex
Brookfield has spent the past few years upgrading one of downtown Houston's largest office complexes. Now, the firm is passing the torch to a pair of investors eager to capitalize on the improvements as leasing demand in the city continues to gain steam.
May 1, 2025
Site Selection Group names managing partner who bought stake in company
A longtime real estate executive has been named managing partner of Dallas-based Site Selection Group after acquiring a minority stake in the firm that advises companies on their real estate decisions and economic incentives.
May 1, 2025
Wyndham's business model better insulates itself from economic uncertainty, execs say
In the face of widespread uncertainty in the economy, Wyndham Hotels & Resorts executives voiced their optimism in the company's position to weather any potential oncoming storms.
May 1, 2025
Whitbread's total revenue declines as UK hotel demand slows
A softer level of hotel demand in the United Kingdom contributed to a 1% decline in full-year group revenue to £2.9 billion ($3.9 billion) for British hotel firm Whitbread.
May 1, 2025
MGM Resorts CEO expects a record April for Las Vegas properties
MGM Resorts International’s business is “on solid footing” through the rest of 2025, the company’s chief executive said.
May 1, 2025
Valor Hospitality expects more growth in Middle East as hotel owners turn to third-party operators
BERLIN — The growing interest hotel owners in the Middle East have in third-party managers has opened a wide range of opportunities for Valor Hospitality Partners.
May 1, 2025
Top sales and leases recognized in the US
Brokers completed major deals during the first quarter, a period marked by curtailed real estate activity as businesses voiced concerns over the effects of tariffs and global economic uncertainty.
April 30, 2025
CoStar World News for May 1
April 30, 2025
Tariff uncertainty weighs on economy; UPS plans job cuts; KFC parent eyes Saucy restaurant expansion
Tariff uncertainty weighs on economy
April 30, 2025
Mounting leasing momentum bolsters BXP confidence amid wobbly economic outlook
Tariffs and increased volatility across the global economic landscape has created another hurdle for the national office market, but one of its largest landlords is pointing to a surge in leasing activity as a sign that it is positioned to weather the storm.
April 30, 2025
Cresa expands national retail practice in 'historically tight' market
Cresa is fortifying its national retail practice with the addition of a six-person team as the brokerage looks to capture more market share with shop space at a premium across the United States, even in the face of closings by struggling chains.
April 30, 2025
Newmark sees sales surge as it braces for further tariff uncertainty
Commercial real estate brokerage Newmark Group's earnings beat expectations as a burst of office and retail deals sent sales up more than 20%.
April 30, 2025
Nashville office tower scores anchor deal to make up for tenant exits
A string of significant move outs left one of Nashville, Tennessee's tallest office buildings battered and bruised, but a global law firm is stepping in to fill a major chunk of the available space after signing a deal to anchor the downtown tower.
April 30, 2025
Forecasters stay nimble as policies wobble
Forecasting the economy's path has become increasingly challenging as the new administration’s policy announcements fluctuate. Economists have been digesting the news as it unfolds, adjusting their forecasts amid policy whiplash and uncertainty.

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