Columbus
Private equity firm buys Columbus hotel with plans to convert into apartmentsA private equity real estate firm has acquired a Columbus, Ohio, hotel with plans to convert it into apartments.
PSC Crane & Rigging to take over Columbus-area warehousePSC Crane & Rigging kicked off the new year with the purchase of a warehouse in Plain City, Ohio, to expand its operations.
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Earnings
Choice capitalizes on larger scale in 2024Choice Hotels International had a solid fourth quarter and full-year 2024, driven by its investments in the upscale space and strong business transient and group demand.CMBS Notebook
Federal tenant’s departure weighs heavily; Brookfield faces suburban office trouble; New CMBS lender emergesA weekly look at the commercial mortgage-backed securities business.With multiple openings this year, SH Hotels & Resorts further grows its footprintIn an interview, SH Hotels & Resorts CEO Raul Leal talks about the company's pending name change to Starwood Hotels as well as the company's plans to keep a pace of opening five to six hotels a year over the next several years.
Accor executives say now is the 'right time' to exit its 30% stake in AccorInvestAccor executives have begun work on exiting its ownership stake in AccorInvest by the end of 2026 and the sale of its super-budget brand F1.
European hoteliers stay the course on DEI, sustainability initiatives to 'future-proof' investmentsHotel industry leaders in Europe feel it's their turn to take responsibility for championing carbon and labor targets.
Prologis CEO Hamid Moghadam to retire next yearPrologis President Dan Letter will succeed the co-founder of the San Francisco-based industrial real estate giant.
Daily Roundup
Trump proposes new tariffs on imported cars; Chipotle aims to hire 20,000; Office attendance edges lowerHere’s what you need to know to start your day.JLL posts profit as global office leasing reaches six-year highThe Chicago-based firm joined its brokerage rivals in warning that geopolitical and economic uncertainty could affect this year's results.
Global Report
CoStar World News for Feb. 20European hotel investors face elevated risk; UK surveyor group mulls staff shakeup; Paris takes on bulk of French office developmentAustin-based New Waterloo doubles down on unique experiences in underserved marketsLast month, Austin-based hospitality company New Waterloo opened two hotels three weeks and 1,500 miles apart — each delivering much-needed experiences to the regions they’ve opened in.
How disruption adds value to the hotel industryDuring a panel discussion at the Americas Lodging Investment Summit, hospitality leaders spoke about how giving more voice to the underrepresented and hearing new perspectives can positively disrupt the hotel industry.
DHL launches giant East Midlands development to marketThe logistics group has prelet the first 500,000 square feet.
Trump administration moves to cut nearly 100 federal leases as real estate shake-up growsMore than 2 million square feet of space has been targeted so far in a national cost-cutting effort.
Deals from prominent California landlord show how tenants are favoring nicer officesIrvine Co. boosted its office leasing volume by 17% after investing $538 million in upgrading its real estate.
KFC parent shifts more workers from Kentucky to TexasYum Brands plans to have U.S. brand headquarters in Texas and California.
These areas of the country are expected to lose the most from US tariffsNew Brunswick's Saint John and industries including Calgary oil, Ontario autos and Quebec aluminum are said to be at risk.
Blackstone lands extension of $1.3 billion loan on Chicago’s tallest skyscraperWillis Tower’s owner has up to five more years to pay debt.
End of an era: Neiman Marcus to close downtown Dallas flagship storeThe retailer has sold luxury goods at the location for more than a century.
Kirkland’s may convert ailing stores to Bed Bath & Beyond or Buy Buy BabyThe retailer also plans to close underperforming locations.
Daily Roundup
Southwest Airlines plans job reductions; Barings to acquire Artemis; Federal cuts spur jump in DC jobless claimsHere’s what you need to know to start your day.Design & Construction
Rock quarry company renovates headquarters to showcase outdoor connectionsVulcan Materials upgraded its Alabama office for the first time in decades.People of Note
Cushman banks on veteran to grow finance team; JLL expands Tennessee development group; Colliers taps executive to boost healthcare businessRead the latest on new hires, promotions and other personnel changes.CoStar Interview
RICS begins consultation on staff shake-up to encourage devolution and modernisationThe industry body is overseeing a wholesale review to ensure the 'right people in the right place'.HNN Video
Growth in India, rebound in China could help fuel Accor's international ambitionsAccor's Jean-Jacques Morin sees reasons for optimism across the globe.Acquisition of Ruby Hotels brand 'hits the spot' for IHG Hotels & Resorts, CEO saysIHG Hotels & Resorts is acquiring German hotel brand Ruby Hotels for €110.5 million, which dominated IHG's earnings conference call Tuesday morning.
CoStar Insight
Office demand reconnects with job growthThese buildings face a multilayered employment outlook for the industries that occupy them.Daily Roundup
Weather cuts into US retail sales; Data centers lead construction momentum; Household debt risesHere’s what you need to know to start your day.Featured
CoStar Insight
CoStar Insight
Analytics
Vacancy levels set to rise as construction completions increase
Analytics
Featured
Featured
Office
New music venue, offices and restaurants drive interest in changing part of Virginia capital
Office
CoStar Insight
CoStar Insight
Hospitality
Sector maintains consistent pricing advantage over conventional options
Hospitality
Market Moves
Market Moves
Finance
Here’s a Live Overview of What’s Happening in the Market Today
Finance
CoStar Insight
CoStar Insight
Analytics
Our complete coverage looking ahead to the new year
Analytics
International News
Power Brokers
Power Brokers
United States
Brokers won big property deals as sales, leasing picked up
United States
CoStar Awards
CoStar Awards
United Kingdom
Final quarter sees resurgent UK transactional activity
United Kingdom
Canada
Brokers wrap up big real estate deals in fourth quarter
Canada
United Kingdom
Film and television giant has been disposing of space taken during the recent boom for UK studios
United Kingdom
Analysis
Analysis
United Kingdom
Modest expansion and a strong December eases pressure on the chancellor and provides some optimism following recent forecast downgrades
United Kingdom
Spain
Carbon offsetting is under particular European scrutiny
Spain
United States
Canada, UK outpace Hollywood's home state as Los Angeles invests in soundstages
United States
France
France's most-transacted asset class in 2024, the sector has established itself as a new real estate powerhouse
France
The cinema company is opening its first family entertainment concept in Texas this week, with bowling and rock climbing.
Famous Footwear’s owner agrees to buy luxury shoe brand Stuart Weitzman
Beleaguered Tapestry struck a $105 million deal to sell the 92-store chain.
One of California's largest private landowners taps development executive for next stage of growth
Tejon Ranch near Los Angeles to add thousands of new multifamily units in the coming years.
CoStar Insight
Developers are hitting the brakes on new apartment developments, especially in Sun Belt markets
An oversupply, record vacancy, and cautious investors are contributing to a steep drop in multifamily construction.
Trump administration moves to end New York’s traffic congestion tolls
The real estate industry has watched the program for any effect on office attendance.
Featured
CoStar Insight
CoStar Insight
Analytics
Vacancy levels set to rise as construction completions increase
Analytics
Featured
Featured
Office
New music venue, offices and restaurants drive interest in changing part of Virginia capital
Office
CoStar Insight
CoStar Insight
Hospitality
Sector maintains consistent pricing advantage over conventional options
Hospitality
Market Moves
Market Moves
Finance
Here’s a Live Overview of What’s Happening in the Market Today
Finance
CoStar Insight
CoStar Insight
Analytics
Our complete coverage looking ahead to the new year
Analytics
International News
Power Brokers
Power Brokers
United States
Brokers won big property deals as sales, leasing picked up
United States
CoStar Awards
CoStar Awards
United Kingdom
Final quarter sees resurgent UK transactional activity
United Kingdom
Canada
Brokers wrap up big real estate deals in fourth quarter
Canada
United Kingdom
Film and television giant has been disposing of space taken during the recent boom for UK studios
United Kingdom
Analysis
Analysis
United Kingdom
Modest expansion and a strong December eases pressure on the chancellor and provides some optimism following recent forecast downgrades
United Kingdom
Spain
Carbon offsetting is under particular European scrutiny
Spain
United States
Canada, UK outpace Hollywood's home state as Los Angeles invests in soundstages
United States
France
France's most-transacted asset class in 2024, the sector has established itself as a new real estate powerhouse
France
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