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November 20, 2024 | By Katie BurkeCisco inks one of suburban Boston's largest office deals of the year

Renewal cements tech giant's role as anchor tenant in expansive campus

Despite a series of high-profile cuts to its workforce and real estate, tech giant Cisco Systems is holding on to some of its Boston-area office space.

November 20, 2024 | BY KATIE BURKE
November 20, 2024 | By Joshua LeslieNew spec distribution center opens near BWI Airport

Colliers tapped to market Hanover Logistics Center

Ridgeline Property Group has wrapped up development on a new speculative distribution center near BWI Airport in greater Baltimore.

November 20, 2024 | BY JOSHUA LESLIE
November 20, 2024 | By Andria ChengLoan backed by high-profile Manhattan office property gets extension

Times Square property has been tagged for potential casino redevelopment

A loan backed by a high-profile Times Square office building tagged for a potential casino redevelopment in Manhattan has received an extension.

November 20, 2024 | BY ANDRIA CHENG
November 20, 2024 | By Emily KellyGlobal trampoline park chain picks suburban Baltimore for next location

Sky Zone's Owings Mills venue part of national expansion plan

Sky Zone is continuing its national expansion with a lease to open a new location in suburban Baltimore.

November 20, 2024 | BY EMILY KELLY
November 20, 2024 | By Lou HirshTarget cites tight consumer budgets as sales flatten; Comcast to spin off cable networks; Construction jobs rise

What you need to know to start your day

Target cites tight consumer budgets as sales flatten

November 20, 2024 | BY LOU HIRSH
November 20, 2024 | By Candace CarlisleCore Scientific converts Texas bitcoin campus to $6.1 billion data center hub as AI industry surges

Data centers provide more consistent revenue than cryptocurrency industry, executives say

A North Texas city is paving the way for Core Scientific to spend $6.1 billion to convert its local bitcoin cryptocurrency operations to a data center hub for artificial intelligen...

November 20, 2024 | BY CANDACE CARLISLE
November 20, 2024 | By Christopher GoodwynFlorida firm adds pair of Atlanta industrial parks to growing portfolio

JLL brokers sale of Whittier Mill and Cobblestone Business Park

A Florida firm is growing its holdings in the Atlanta area with its acquisition of a pair of industrial parks.

November 20, 2024 | BY CHRISTOPHER GOODWYN
November 20, 2024 | By Mark HeschmeyerHotel REIT makes progress tackling past due debt maturities

Moody National is refinancing, selling properties

A nontraded hospitality real estate investment trust has made progress this quarter addressing $163 million in loan maturities past due or coming due over the next 12 months.

November 20, 2024 | BY MARK HESCHMEYER
November 20, 2024 | By Jay LybikFive-year multifamily construction boom pours 1.8 million units onto the US market

Sun Belt dominates supply gain, accounting for two-thirds of the increase

Over the past five years, the national multifamily housing market added a massive amount of new supply, with total completions surging from 1.3 million to 1.8 million units.

November 20, 2024 | BY JAY LYBIK
November 20, 2024 | By Joshua S. AndinoLas Vegas financial group dives into offices along the Miami River

Boge Group to relocate headquarters to Miami River Landing

Boge Group, a Las Vegas-based financial services provider, is trading the desert for the waterfront, signing a new lease at Urban-X’s Miami River Landing campus.

November 20, 2024 | BY JOSHUA S. ANDINO
November 20, 2024 | By Victor RodriguezLooking to rent in New York? Some brokers say you may need a six-figure income soon

After broker fee change for apartments takes effect, critics say landlords will raise rents to compensate

Can New York rents be even more expensive? That's what some brokers predict after the New York City Council voted to ban the practice of tenants paying apartment broker fees even w...

November 20, 2024 | BY VICTOR RODRIGUEZ
November 20, 2024 | By Randyl DrummerAffordable housing builder plans largest project of its kind in Seattle, where rents outpace US

Bellwether Housing pitches conversion of aging apartments into 730 units

An affordable housing provider is planning what could be the largest income-restricted rental project in Seattle, where a shortage of cost-conscious residential property has contri...

November 20, 2024 | BY RANDYL DRUMMER
November 20, 2024 | By Andria ChengManhattan mixed-used property that hosts Eataly location goes up for sale

Italian luxury outerwear label Moncler also leases space at the property

A portion of a Manhattan mixed-used property that hosts high-profile Italian restaurant and gourmet market Eataly’s new store in the SoHo neighborhood has been put up for sale.

November 20, 2024 | BY ANDRIA CHENG
November 20, 2024 | By Katie BurkeDC trophy office building heads for foreclosure auction over hefty loan

Downtown property adds to troubled assets to be sold in nation's capital

A high-profile office building in downtown Washington, D.C., is on the fast track to a foreclosure auction, the latest in a series of distressed properties in and around the nation...

November 20, 2024 | BY KATIE BURKE
November 20, 2024 | By CoStar News StaffCoStar World News for Nov. 21

Investor plans to buy three Tokyo hotels; Global law firm leases large London office space; BlackRock partners in French logistics property purchase

November 20, 2024 | BY COSTAR NEWS STAFF
November 20, 2024 | By Brannon BoswellFatburger parent company renews Beverly Hills headquarters

Fat Brands signs Los Angeles office lease

A growing fast-casual food franchiser has signed a deal to maintain its global headquarters Los Angeles.

November 20, 2024 | BY BRANNON BOSWELL
November 20, 2024 | By Mark HeschmeyerJDM Partners begins selling vacant State Farm-leased properties

City of Tulsa, Oklahoma, buys office building as new headquarters for police and fire departments

JDM Partners has sold one of 14 vacant office buildings it owns under lease to insurance giant State Farm.

November 20, 2024 | BY MARK HESCHMEYER
November 20, 2024 | By Melina DuggalVacancy spike in DC-area industrial market may be approaching peak

Flex and specialized space vacancy rates are plateauing

The Washington area's industrial vacancy rate has increased over the past two years, reflecting a challenging landscape for property owners with available space. However, recent tr...

November 20, 2024 | BY MELINA DUGGAL
November 20, 2024 | By Joshua S. AndinoFranklin Street boosts national expansion plans with new student housing team

Cincinnati-based Dumes Teets Mullowney Group joins Tampa firm from Marcus & Millichap

Tampa, Florida-based real estate company Franklin Street has boosted its national presence with the acquisition of a student housing investment sales team based in Cincinnati.

November 20, 2024 | BY JOSHUA S. ANDINO
November 20, 2024 | By Michelle RumoreBack-to-back Hurricanes hurt Tampa Bay’s annual job growth

Retail and hospitality employment sectors collectively lost over 10,000 jobs year over year

Annual job growth dropped to just 0.3% for the Tampa Bay region, according to the most recent release from the Florida Department of Commerce, Bureau of Workforce Statistics and Ec...

November 20, 2024 | BY MICHELLE RUMORE
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