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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.
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Daily Roundup
Senior housing demand climbs; Regional manufacturing index drops; Michaels expands as Party City goes underHere's what you need to know to start your day.Banks take a variety of best guesses when it comes to fallout from tariffsBusinesses pause borrowing as they wait for clarity on the trade policy fallout, executives say.
Franchise Group to sell Vitamin Shoppe to private equity firmsKingswood Capital and Performance Investment plan to make upgrades to the retailer's 650 stores.
Taiwanese investment firm extends bargain buys with Southern California office dealFormosa has closed a $33 million deal with Manulife Financial for a pair of discounted Newport Beach towers.
CBRE appoints Kohl's real estate veteran as retail managing directorScott Shnuckel's hire is part of the brokerage's effort to grow its retail practice.
Disney shrinks Seattle hub in hit to downtown recoveryThe media giant committed to a smaller space in a renewal that highlights how companies are downsizing.
CMBS Notebook
Tariffs shake up securities market; Macerich loses control of hometown mall; Loan backing distinctive office campus gets downgradeA weekly look at the commercial mortgage-backed securities business.Bali’s hotels and tourism focus on sustainability, cultural preservationBali, Indonesia, has reinvented itself with a strict emphasis on sustainability and cultural preservation, and its new provincial government has ended a moratorium on new hotel development.
HNN Video
Accor focuses on domestic hotel demand throughout Europe as international feeder markets shiftAccor's Philippe Bijaoui discusses the company's improving relationship with hotel owners, its two divisions of brands and how the Paris Olympics will benefit the French capital for years to come.Asset managers keep a close eye on uncertain hotel demandMembers of Hospitality Asset Managers Association are watching to see how U.S. hotel demand plays out this year given recent geopolitical and economic disruptions, which also factor in to a likely slower hotel transaction market.
Software company's return-to-office plans spark Silicon Valley expansionSAP Concur has signed a sublease deal to take on a former Broadcom building in Palo Alto, California.
Daily Roundup
Retail sales rise; Economic concern builds; New car affordability improves; Oil inventories surgeWhat you need to know to start your day.Opportunity Zones 2.0 urged as tax program boosts multifamily investingApartments in designated low-income areas are getting built at more than twice the national rate.
For the first time in a year, Bank of Canada holds rates steadyThe central bank said monetary policy cannot address the economic effects of the United States' tariffs.
AI startup inks one of Silicon Valley's largest office leases of the yearApplied Intuition is expanding its Bay Area real estate footprint following a major funding round.
HNN Video
How IHG Hotels & Resorts plans to scale Ruby, Garner brands across EuropeIHG Hotels & Resorts is growing its brand offerings throughout Europe both with its recent acquisition of Ruby Hotels and the expansion of its Garner brand.Podcast
Why economic uncertainty breeds 'hesitation' in all corners of the hotel industryMitch Patel, CEO and founder of Vision Hospitality Group, explains why he's going back to the basics amid an uncertain economy and an uncertain time for hotel development.Colliers grows by acquisition, seizing opportunity in economic uncertaintyThe real estate services firm is set to grow to more than 3,000 employees in Canada with the addition of Triovest.
DC offices sell for about half of 2019 sale price as values reset across countryA Miami investor paid less than $16 million for the building in Washington's Dupont Circle neighborhood.
Daily Roundup
Office attendance nears post-pandemic high; Construction materials costs climb; Howard Hughes extends deal deadlineHere's what you need to know to start your dayTariffs could pose major threat to US economy, banks sayBank of America, PNC executives revealed that internal financial models show significant risks of trade policy, though their firms are positioned to withstand the challenge.
Construction equipment giant calls workers back for a five-day workweekCaterpillar has extinguished its hybrid policy as more employers ramp up their return-to-office mandates.
Renovations revive 114-year-old Grand Galvez, signaling new eraThe Grand Galvez, a 114-year-old hotel, has been restored to its original glory and is ready for a phenomenal year.
Hotel asset managers seek revenue growth, cost savings to counter effects of tariffsIn a recent roundtable, the Hospitality Asset Managers Association's board of directors outlined their membership's top concerns about the U.S. hotel industry and economy.
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Lawyers explore workarounds to exempt disaster victims and certain sellers as critics say Measure ULA delays development.
Blackstone sees buying opportunity in economic gyrations from shifting US tariff policy
The world's largest commercial property owner said it will "lean in" to potential investments.
ECB lowers rates to support the economy
The decision has been taken in a climate of global economic tension.
Global Report
CoStar World News for April 17
Accor and India’s InterGlobe extend partnership, become majority owners of Treebo; Auto Trader deal drives Manchester to best first quarter leasing since 2020; French retail is booming, within limits
US inbound international travel takes 12% hit as economists postpone pre-pandemic recovery to 2029
In a recent webinar, economists looked at current travel industry effects from President Trump's tariff and foreign policies.
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