Daily Roundup
Cargill plans workforce cuts; Office traffic drops ahead of holiday weekend; Construction job openings declineHere’s what you need to know to start your day.
Davidson Hospitality CEO's 40-year career started with a 'Help Wanted' sign for a hotel bell boyThom Geshay had trained to be an industrial engineer, but he found hotels to be a better fit.
Podcast
The importance of networking early in a hotel industry careerKingsbury Financial's Tommy Beyer joined the Next Gen in Lodging podcast to discuss how networking early on shaped his career in the hospitality industry.Third-party hotel management expands in CaribbeanThird-party hotel management as an operating model is growing more popular in the Caribbean, as global brands expand in this often high-risk region.
Industry News
Congressional group calls for more incentives to cities, states approving home constructionLawmakers are looking to promote affordable housing and combat opposition to residential building. Owner of downtown Denver office tower hands building to lender to avoid foreclosureRising Realty Partners has cut ties with its Civic Center Plaza building as the neighborhood faces mounting occupancy and demand challenges.
Manhattan’s office activity moves higher as more companies impose in-office mandatesTop-tier buildings are still seeing higher office visit rates, the Real Estate Board of New York finds.
Potential tariffs would raise costs for US hoteliers, procurement experts sayWith President-elect Donald Trump calling for more tariffs on imports, U.S. hoteliers looking for producers of furniture, fixtures and equipment outside of China will find reduced manufacturing capacity and likely higher prices.
Hotel brokers see gradual, steady improvements in transactions and financingIn a meeting of the Lodging Industry Investment Council, brokers from HREC spoke about the improving hotel deals environment and how deals in the $10 million to $20 million range are getting done.
Daily Roundup
Demographic shifts expected to boost rental housing demand; Fewer real estate CEOs depart; Jobless claims edge lowerHere’s what you need to know to start your day.Industry News
Florida's condo market struggles to adapt to new building safety lawInspections of older buildings, prompted by the collapse in Surfside, could mean costly fees that could price some owners out of their units. Commercial property prices edge higher to start fourth quarterInvestors are slowly returning to more expensive purchases, according to CoStar data.
CoStar Insight
As office construction dries up, overall availability begins to contractThe recent peak in availability signals a tightening market for competitive space even as non-competitive offices continue to languish.Podcast
What hoteliers have to be thankful for in 2024Among the top things hoteliers should appreciate at the end of the year are declining interest rates and post-election clarity.Record number of Americans plan to travel for ThanksgivingAAA's Thanksgiving travel data is projecting that 71.7 million Americans will travel 50 miles or more by car over the holiday period.
Phoenix industrial building leased to Amazon grabs big purchase priceThe deal for the property in Buckeye, Arizona, is the region's second-largest of the past year.
Los Angeles firm defaults on office loan as US landlords struggle to regain occupancyJamison Properties is among real estate companies facing a widening gap between top-tier and aging office properties.
Virginia county outside DC joins push to make some office-to-residential conversions easierArlington's move comes as the office market contends with high vacancy levels — and a tight national housing market.
Holiday sales to test retailers in challenging yearThanksgiving weekend could signal winners and losers for the fourth quarter, according to analysts.
West Coast tech firm commits to Boston-area hub despite efforts to offload space elsewhereZoomInfo is building on its former footprint with a deal to anchor a building at an office campus in Waltham.
GM, Bedrock unveil $1.6 billion plan to renovate Detroit's Renaissance CenterPlan calls for the demolition of two towers and the creation of a riverfront entertainment district.
Daily Roundup
Tariffs could raise construction costs; Office traffic matches post-pandemic peak; Bristol Myers adds to biotech job cutsHere’s what you need to know to start your day.Rivian set to receive $6.6 billion federal loan for construction of Georgia EV factoryThe automaker said it's working with partners to "quickly" close the financing deal.
One of Austin's newest office towers lands another big-name law firmPillsbury Winthrop Shaw Pittman has signed on for a full floor at the downtown Republic high-rise development.
People of Note
Colliers boosts New York-area capital markets team; Berkadia expands California investment services; SRS strengthens Florida servicesRead the latest on new hires, promotions and other personnel changes.Housing Market
US home price growth slows for sixth-straight monthBut some residential real estate leaders see a brighter future for the housing market.Featured
CoStar Insight
CoStar Insight
Analytics
Marriott, Hilton are at the helm
Analytics
CoStar Insight
CoStar Insight
Analytics
Wonder has opened nearly 30 locations over the past year
Analytics
CoStar Insight
CoStar Insight
Analytics
Lower-quality one- and two-star properties attract steady demand, higher rents
Analytics
Market Moves
Market Moves
Finance
Here’s a Live Overview of What’s Happening in the Market Today
Finance
CoStar Insight
CoStar Insight
Analytics
Lone Star State’s attractive housing market is still key to encouraging West Coast migration
Analytics
CoStar Insight
CoStar Insight
Analytics
Chicago’s historically tight vacancy and build rates should preserve its rent growth momentum into 2025
Analytics
CoStar Insight
CoStar Insight
Analytics
After broker fee change for apartments takes effect, critics say landlords will raise rents to compensate
Analytics
CoStar Insight
CoStar Insight
Office
After five quarters of declines, tenants start holding onto more space
Office
International News
United Kingdom
Joint venture confirms acquisition from Abu Dhabi Investment Authority
United Kingdom
United Kingdom
Lothbury has consent in place for £200 million mixed-use redevelopment
United Kingdom
United Kingdom
Move will help Canary Wharf Group raise up to £610 million of fresh debt
United Kingdom
France
Wealthy foreigners scrutinize Paris' hotel particulier market
France
United Kingdom
Promise of unlocked investment could have profound implications for real estate
United Kingdom
Spain
Currently closed, the hotel has been subject of several bids this year
Spain
United States
Combination gourmet store-restaurant chain plans five openings next year
United States
France
Fast-moving artificial technology holds promises for the profession if embraced
France
Germany
Austrian firm bought the property at Gerhart-Hauptmann-Platz four years ago
Germany
United States
European management firm and its fund expected to acquire pied-à-terre in Manhattan for $17 million
United States
United Kingdom
Rents soared 13% in one year, according to Cushman & Wakefield
United Kingdom
R2 and JDI Realty have acquired the Innovation Park Lake County for $35 million.
People of Note
CBRE bolsters Mid-Atlantic leadership; TDK Construction names CEO; Newmark adds to Southern California debt financing team
Read the latest on new hires, promotions and other personnel changes.
Seattle’s apartment market is showing signs of life again. Here’s why.
Rental demand is matching new construction for the first time since early in the COVID-19 pandemic.
Exclusive
Oracle's shrinking Boston-area hub triggers spike in available office space
The software giant has listed multiple buildings across its once-sprawling Burlington campus.
Daily Roundup
Construction spending edges higher; Intel CEO resigns; Factory activity slows
Here’s what you need to know to start your day.
Featured
CoStar Insight
CoStar Insight
Analytics
Marriott, Hilton are at the helm
Analytics
CoStar Insight
CoStar Insight
Analytics
Wonder has opened nearly 30 locations over the past year
Analytics
CoStar Insight
CoStar Insight
Analytics
Lower-quality one- and two-star properties attract steady demand, higher rents
Analytics
Market Moves
Market Moves
Finance
Here’s a Live Overview of What’s Happening in the Market Today
Finance
CoStar Insight
CoStar Insight
Analytics
Lone Star State’s attractive housing market is still key to encouraging West Coast migration
Analytics
CoStar Insight
CoStar Insight
Analytics
Chicago’s historically tight vacancy and build rates should preserve its rent growth momentum into 2025
Analytics
CoStar Insight
CoStar Insight
Analytics
After broker fee change for apartments takes effect, critics say landlords will raise rents to compensate
Analytics
CoStar Insight
CoStar Insight
Office
After five quarters of declines, tenants start holding onto more space
Office
International News
United Kingdom
Joint venture confirms acquisition from Abu Dhabi Investment Authority
United Kingdom
United Kingdom
Lothbury has consent in place for £200 million mixed-use redevelopment
United Kingdom
United Kingdom
Move will help Canary Wharf Group raise up to £610 million of fresh debt
United Kingdom
France
Wealthy foreigners scrutinize Paris' hotel particulier market
France
United Kingdom
Promise of unlocked investment could have profound implications for real estate
United Kingdom
Spain
Currently closed, the hotel has been subject of several bids this year
Spain
United States
Combination gourmet store-restaurant chain plans five openings next year
United States
France
Fast-moving artificial technology holds promises for the profession if embraced
France
Germany
Austrian firm bought the property at Gerhart-Hauptmann-Platz four years ago
Germany
United States
European management firm and its fund expected to acquire pied-à-terre in Manhattan for $17 million
United States
United Kingdom
Rents soared 13% in one year, according to Cushman & Wakefield
United Kingdom
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