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Only 3 Midwestern cities see room revenue go upThrough July, St. Louis, Chicago and Columbus significantly outperformed their Midwestern counterparts when comparing revenue per available room, or RevPAR.
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More retailers seek Chapter 11 redo — but few surviveEnough retailers file repeatedly in bankruptcy court for the tactic to have a nickname, ‘Chapter22,’ though they often find little success.
Hunt for data center space starts earlier and earlier even with $1 trillion set to pour in, JLL saysVacancy in the growing sector has reached an all-time low despite a record amount of storage capacity.
Gray Capital kicks off multifamily fund to invest in nation's top region for rent growthThe investment group said it aims to acquire $500 million worth of apartments.
CBRE hires veteran to execute institutional deals; Avison Young taps executive for Denver; JLL names workplace management leaderRead the latest on new hires, promotions and other personnel changes.
Landlord WPG to sell rest of its malls, shopping centers across the countryThe company says it will cut more than 130 workers at its Ohio headquarters.
Tex-Mex eatery On The Border rejects more leases, gets closer to finding new ownerSee a list of some rejected sites as the bankruptcy judge approves the chain's bidding procedures ahead of an auction next month.
JLL hires veteran in hospitality team expansion; Newmark promotes trio for valuation business; Aventon adds executive for Southeast growthRead the latest on new hires, promotions and other personnel changes.
Intel delays opening of Ohio plant due to weak customer demandIntel's $28 billion project involves the construction of two plants near Columbus, Ohio.
Crafts chain Joann now plans to shut all its stores in liquidationA new buyer decided to wind down the business, adding to a pile of U.S. retail closings.
Nearly 500 more Big Lots store leases are for sale nationwideGordon Brothers is planning to hold an auction for the locations, which span 47 states.
Variety Wholesalers strikes deal to buy, keep 200 to 400 Big Lots stores openDeal via Gordon Brothers saves the chain from extinction after filing for Chapter 11 bankruptcy protection.
UnitedHealth’s office cutbacks go beyond Minnesota HQ it’s officially exiting this monthThe firm has downsized space in Ohio and Kansas as it adjusts to post-pandemic real estate needs.
Big Lots plans to shut its nearly 900 remaining storesThe troubled chain will liquidate after a potential sale to Nexus Capital Management fell through.
Only one US city outside Sun Belt placed among best overall retail markets in 2024Demographics are often destiny when it comes to local retail performance.
Amazon Web Services boosts data center investments in Ohio by $10 billionAmazon subsidiary considers developing up to eight new sites across the state.
Franchise Group, with Chapter 11, plans to close 300-plus store American Freight chainThe parent of Vitamin Shoppe and Pet Supplies Plus adds to the swell of U.S. store shutterings.
More Big Lots leases hit auction block as store closings soarA stalking horse buyer landed $765 million to acquire the chain out of bankruptcy.
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Multifamily investor looks to unload 10 properties in eight states for about $500 millionTrilogy Real Estate Group’s 2,845-unit portfolio will test the strength of the recovering investment sales market.Big Lots adds to available US retail space with escalation of store closingsIncluding shuttered Conn’s HomePlus and Badcock Furniture locations, 27 million square feet is going on the market.
Big Lots files Chapter 11, agrees to $620 million sale to Nexus CapitalThe retailer also says it will keep focusing its store fleet.
Newmark expands capital markets leadership, JLL Hotels names new western leader, CBRE elevates veteran to executive roleRead about new hires, promotions and other personnel changes across the commercial real estate industry.
Feds Award $428 Million in Grants for Airport Terminal Expansion, Safety UpgradesAirports in South Florida, Ohio, California, Virginia, New York are getting federal funds.
Conn’s HomePlus Begins Wind-Down of All its 550 Namesake and Badcock StoresB. Riley Retail Solutions has kicked off liquidation sales across the retailer’s entire fleet.
Big Lots Plans About 140 Store Closings, Far More Than ExpectedThe discount retailer is shutting many of its locations in California, Arizona, Washington and Florida.
Big Lots’ Vacant Stores Could Be Leased Quickly in Tight Market, Analysts SayThe struggling discount retailer is closing dozens of locations and has warned it may cease operations.
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Faltering growth adds to pressure on Chancellor Rachel Reeves ahead of the November budget, though some sentiment indicators are positive
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Employers are leveraging the upper hand they have in their escalating attendance demands.
Manhattan’s chance at winning a casino gets slimmer
Local review committees have voted down separate proposals from SL Green Realty and Silverstein Properties.
Housing starts decline; Group opposes planned rail merger; Mortgage applications increase
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Fed makes first interest rate cut in nine months. Two more expected before year's end.
Facing mixed economic signals, the Federal Reserve delivers a quarter-point reduction — hinting more may follow.
Revenue managers at odds with hotel owners over recovery picture
Hotel revenue strategists want to move past comparisons to 2019 performance levels, citing the changes over the past six years.
Featured
CoStar Economy
Economy
Fears of a layoff near all-time highs
Economy
CoStar Insight
Hospitality
Market data reveals sharp contrasts in performance amid macroeconomic pressures and shifting travel patterns
Hospitality
Featured
Featured
Office
Retail behemoth's headquarters development reshapes Arkansas hometown
Office
Market Moves
Finance
Here’s a Live Overview of What’s Happening in the Market Today
Finance
Featured
Featured
Office
Apartments, retail projects sprout amid uncertainty about future office expansion
Office
Featured
Featured
Office
Tech giant’s Thompson Center project drives conversations about downtown
Office
CoStar Insight
Analytics
Tensions persist between stagnant job growth and return-to-office momentum
Analytics
CoStar Insight
Analytics
Concerns over tariffs and cautious consumers have taken a back seat to robust leasing activity
Analytics
CoStar Insight
Office
Pandemic-era disruptions and market pressures stretch timelines for small and large buildings
Office
CoStar Insight
Analytics
Household income is outpacing rent increases
Analytics
International News
Video
United States
Shannon Foster shares details of the country star's latest hospitality endeavor
United States
Exclusive
United States
Vallist picks Holborn for first 30,000-square-foot site
United States
United Kingdom
Faltering growth adds to pressure on Chancellor Rachel Reeves ahead of the November budget, though some sentiment indicators are positive
United Kingdom
United States
International chain, with American sales soaring, looks to open in Mall of America, Florida, Georgia, New York City
United States
United Kingdom
American fast-food chicken brand back on the hunt for UK expansion
United Kingdom
United States
Weaker dollar curbs momentum in hotel room rate growth, with London hit hardest
United States
Canada
Cosmetics chain that closed stores while struggling financially is opening locations under Canadian ownership
Canada
United Kingdom
L&G's Managed Property Fund expands
United Kingdom
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