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June 20, 2025
US grocery giant Kroger set to close 60 stores
Major U.S. supermarket chain Kroger plans to close about 60 stores across the country over the next 18 months, addressing some streamlining it couldn't get to while its failed merger with Albertsons Cos. was pending.
June 20, 2025
Miami condo tower developers call this sale the first Bitcoin deal of its kind
Miami-based developers Ciprés and Rilea Group have sold a condominium unit at their boutique project under construction in Midtown Miami using Bitcoin in a direct wallet-to-wallet transaction they are touting as the first of its kind in the South Florida region.
June 20, 2025
Owners of high-profile towers ask, what’s in a name?
June 20, 2025
Darden weighs selling Bahama Breeze chain, looks to spin off Olive Garden locations in Canada
Darden Restaurants may sell what's left of its Bahama Breeze Island Grille chain as consumers tighten their wallets on discretionary spending.
June 20, 2025
OpenAI hunts more space in San Francisco Bay Area
The maker of ChatGPT is among firms contributing to more office demand as the artificial intelligence company prepares to once again expand in San Francisco.
June 20, 2025
Clarion to expand multifamily holdings; Avison Young pursues Nashville business; Newmark adds to Denver valuation team
Clarion to expand multifamily holdings
June 20, 2025
Hyatt bolsters perks for growing loyalty program with acquisition, new brand launch
NEW YORK — Fresh off of the closed acquisition of Playa Hotels & Resorts and a new brand launch, Hyatt Hotels Corp. has growth plans for its loyalty program.
June 19, 2025
Sneak peek: See how construction is progressing at Miami’s first supertall tower
While higher costs delay some ambitious projects around the country, Miami’s first supertall tower is rising on the city's skyline at a rate of one floor every 10 days.
June 19, 2025
Housing starts fall; Texas Instruments adds to US manufacturing; Amazon, Intel brace for more job cuts
Housing starts drop sharply
June 19, 2025
CoStar Group wins gold medal in largest US real estate journalism contest
CoStar Group's news staff won a gold medal in the largest real estate journalism contest in the United States for a podcast analyzing hospitality trends and received a bronze medal for coverage of how Hurricane Helene upended residential real estate sales in Asheville, North Carolina.
June 18, 2025
Amazon's self-driving car operation opens plant in California's Bay Area
Amazon’s Zoox robotaxi operation has opened a major factory in the Bay Area as it ramps up to compete with self-driving vehicles such as Google’s Waymo and Tesla, which is scheduled to launch its autonomous taxis within days.
June 18, 2025
Fed maintains key interest rate, still forecasts two cuts this year
The U.S. Federal Reserve is keeping its benchmark lending rate the same, once again rejecting political demands to lower borrowing costs while predicting it would make at least two quarter-percentage point cuts before the year is over.
June 18, 2025
Ascension to buy hundreds of outpatient surgery centers for nearly $4 billion
Catholic healthcare provider Ascension plans to quadruple its footprint for outpatient surgery centers as the organization looks to capitalize on the segment’s growth as more surgical procedures move out of hospital settings.
June 18, 2025
Creativity, alignment and passion will unlock Africa’s vast hotel potential
CAPE TOWN, South Africa — Hoteliers, developers and investors must stop overgeneralizing hotel operations and ownership in Africa.
June 18, 2025
Policy uncertainty continues to cloud the outlook for inflation
Last week’s news that inflation rose less than anticipated cheered market participants who had expected consumer and producer price hikes in reaction to the recent imposition of tariffs on most imports into the United States. However, tariffs are not the only policy proposed or advanced by the administration that risks re-igniting inflation.
June 18, 2025
Hoteliers hope AI can lead to renaissance for commercial strategy
INDIANAPOLIS — The idea that commercial strategy in hotels needs to evolve through better collaboration between revenue management, sales and marketing is not new, but the hope that artificial intelligence can help bring that dream closer to reality is.
June 17, 2025
Hudson Pacific Properties lands major investment in vote of confidence for office rebound
A global asset manager has given a $300 million boost to a prominent office landlord as a new cohort of investors shows they're willing to bet on the sector's rebound.
June 17, 2025
LA's oldest film studio lot hits market in test of production space demand
It has no studio tour. And there's no gift shop. But for 112 years, a gated production enclave in Echo Park has been one of the most enduring places to make movie magic in Los Angeles.
June 17, 2025
The office recovery is at last underway, but it's still not widespread
The pace of office occupancy losses has slowed dramatically over the past 12 months, and surging leasing activity indicates that the long-awaited recovery is at last underway.
June 17, 2025
Retail sales slip; Homebuilder sentiment nears pandemic low; Office attendance declines
Retail sales slip

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