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Starbucks plans to open 600 to 650 company-owned cafes this year after shuttering hundreds of locations in 2025. (Getty Images)
Retail
Starbucks plans up to 650 new stores this year as turnaround efforts pay off
By Randyl Drummer

CEO Brian Niccol said the chain's recovery is "ahead of schedule" as customers come back to the chain's coffeehouses.

Federal Reserve Chairman Jerome Powell said the central bank kept its benchmark interest rate unchanged on Wednesday at the first meeting of the year, marking a pause after three straight cuts. (Photo by Andrew Harnik/Getty Images)
Economy
Federal Reserve leaves rates unchanged to begin 2026
Aimbridge Hospitality is headquartered in Plano, Texas. (CoStar)
Hospitality
Aimbridge claims former CEO Dave Johnson lied in court filing in ongoing lawsuit
CoStar Economy
Consumer spending is resilient, but depends on savings to pay for it
Economy & Insights
Office investment sales volume more than doubled in San Francisco in 2025, including the sale of 300 Howard Street to an institutional investor, a transaction that priced the building at a steep discount to its 2019 valuation. (CoStar)
CoStar Insight
Investors are returning to office property
International News
    Germany
    Barings buys three DHL hubs in Rhine-Main area
    The properties were sold by Dietz
    Germany
    United Kingdom
    Japan's Daibiru completes acquisition of £300 million City office
    Former Goldman Sachs office buy is company's second in London
    United Kingdom
    Canada
    Valor and QuadReal keep up French buying spree
    Joint venture plans to invest €25 million in Fleury-Mérogis near Paris
    Canada
    Exclusive
    Exclusive
    United States
    He helped create LA's criticized ‘mansion tax.’ Here’s his $1 billion rebuttal.
    ULA chief Joe Donlin says levy fuels affordable housing projects
    United States
    United States
    The nation's biggest AI data centers are taking root in some unexpected places
    Rural America is once again being reshaped, this time by tech firms
    United States
    Germany
    Munich investment turnover could rise to as much as €3.5 billion
    The market gained momentum in the fourth quarter, and the trend is likely to continue
    Germany
    France
    Australian superannuation fund Aware Super buys European outlet stake
    Fund joins forces with Dutch pension and major French investor
    France
    International News
      Germany
      Barings buys three DHL hubs in Rhine-Main area
      The properties were sold by Dietz
      Germany
      United Kingdom
      Japan's Daibiru completes acquisition of £300 million City office
      Former Goldman Sachs office buy is company's second in London
      United Kingdom
      Canada
      Valor and QuadReal keep up French buying spree
      Joint venture plans to invest €25 million in Fleury-Mérogis near Paris
      Canada
      Exclusive
      Exclusive
      United States
      He helped create LA's criticized ‘mansion tax.’ Here’s his $1 billion rebuttal.
      ULA chief Joe Donlin says levy fuels affordable housing projects
      United States
      United States
      The nation's biggest AI data centers are taking root in some unexpected places
      Rural America is once again being reshaped, this time by tech firms
      United States
      Germany
      Munich investment turnover could rise to as much as €3.5 billion
      The market gained momentum in the fourth quarter, and the trend is likely to continue
      Germany
      France
      Australian superannuation fund Aware Super buys European outlet stake
      Fund joins forces with Dutch pension and major French investor
      France
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