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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 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 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 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
November 20, 2024 | By AFPHard Rock Café falls on hard times; closes in Paris

Last franchise of the American chain in France closes in 9th arrondissement

"We regret to inform you that we are closed. We thank you and the city of Paris, which has always welcomed us warmly and enthusiastically," reads a sign in French and English in fr...

November 20, 2024 | BY AFP
November 20, 2024 | By Andy PetersArchitects' billings rise slightly in October, breaking long string of declines

Some architecture firm leaders expect revenue growth in 2025, according to monthly AIA survey

U.S. architecture firm leaders are seeing a potential rebound in business after more than a year of developers taking a cautious approach to pursuing new projects.

November 20, 2024 | BY ANDY PETERS
November 19, 2024 | By Tony WilbertK-drama star, ShopCore executive celebrate Singles Day at New York mall

Event leads to jump in foot traffic at The Shops at Skyview in Queens, firm's Wesley Sin says

Blackstone affiliate ShopCore Properties held its first Singles Day celebration recently at The Shops at Skyview in New York, and executive Wesley Sin said K-drama star Bae In-Hyuk...

November 19, 2024 | BY TONY WILBERT
November 19, 2024 | By Linda MossBlackstone to buy Jersey Mike’s, the latest private-equity takeover of a US restaurant chain

Investment giant strikes $8 billion deal for majority stake in sandwich shop business

Blackstone still has a hearty appetite for investing in restaurant chains as it looks to buy a majority stake in Jersey Mike's Subs for a reported $8 billion — marking the latest d...

November 19, 2024 | BY LINDA MOSS
November 19, 2024 | By Brannon BoswellCentury Plaza bets on wine, wellness concepts in Los Angeles

Wally's Wine & Spirits, longevity clinic to open at $2 billion Century Plaza concept

The owners of a $2 billion mixed-use development in Los Angeles are relying on wine and wellness tenants to fill retail space in one of the city's most upscale neighborhoods.

November 19, 2024 | BY BRANNON BOSWELL
November 19, 2024 | By Alvin AbstonRetail leasing in Richmond, Virginia, on pace to close near 2023 volume

Planet Fitness, Academy Sports, Marshalls expansions drive leasing

After a big drop to end 2023, retail leasing in Richmond, Virginia, has been stable through the first three quarters of 2024, though it remains below the peak volume of 2021-2022.

November 19, 2024 | BY ALVIN ABSTON
November 19, 2024 | By Chuck McShaneIndustrial property values surpass office, retail in Charlotte

Rent growth, development push industrial values up 56% in five years

As population growth and a shift to online shopping have increased the demand for logistics space, Charlotte’s inventory of warehouses and distribution centers rapidly expanded. As...

November 19, 2024 | BY CHUCK MCSHANE
November 19, 2024 | By Lou HirshHigh-income households boost Walmart sales; Home project slowdown weighs on Lowe’s; Office traffic gets post-election bump

What you need to know to start your day

High-income households boost Walmart sales

November 19, 2024 | BY LOU HIRSH
November 19, 2024 | By Brandon SvecConsumers remain resilient as retail sales edge higher in October

Retailers maximize space efficiency as retail sales per square foot, excluding e-commerce, automobiles and gasoline, hit record high

U.S. consumers remained resilient in October and increased spending at retail and food service establishments by 0.4% in October per data released by the U.S. Census Bureau. And in...

November 19, 2024 | BY BRANDON SVEC
November 19, 2024 | By Andria ChengToo few office workers still slow New York’s retail recovery, especially in Manhattan

Though city storefront vacancy declines, new study says some neighborhoods do better than others

Manhattan may be luring global brands to enter or expand in New York, but the largest U.S. commercial property market still falls short when it comes to filling thousands of vacant...

November 19, 2024 | BY ANDRIA CHENG
November 19, 2024 | By Blaise TomazicManufacturing sector tops St. Louis job numbers

Local labor market added 25,000 jobs in October

The St. Louis labor market has continued expanding, adding 25,000 jobs in October compared to last year, according to the latest Bureau of Labor Statistics data. This increase of 1...

November 19, 2024 | BY BLAISE TOMAZIC
November 19, 2024 | By Joshua OhlSan Diego retailers ramp up hiring for holidays

Unemployment ticks up in October

San Diego’s unemployment rate ticked up to 4.7% in October from a revised 4.6% in September, according to the latest jobs report released by the Bureau of Labor Statistics. That wa...

November 19, 2024 | BY JOSHUA OHL
November 19, 2024 | By Lou HirshLee & Associates grows hotel team; JLL fortifies Los Angeles retail services unit; Altman expands logistics leasing group

New hires, promotions and other personnel changes

Lee & Associates grows hotel brokerage team

November 19, 2024 | BY LOU HIRSH
November 19, 2024 | By Linda MossGlobal Italian market Eataly heads to suburban malls in sign of further shift for retail centers

Combination gourmet store-restaurant chain plans five openings next year

Eataly, the global Italian gourmet market and restaurant chain, is venturing outside cities such as New York and Chicago into the suburbs to rapidly expand in North America. In so ...

November 19, 2024 | BY LINDA MOSS
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