CoStar News

Your No. 1 source for award-winning commercial real estate news.

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Riding the Western wear craze, retailer Boot Barn has raised its target for stores to 1,200 locations, 300 more than its original goal and more than twice its current fleet.
https://t.co/hv09npVoeS

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Amazon is ramping up spending to $125 billion this year to expand its warehouse network for faster grocery deliveries and boost data center power for artificial intelligence growth across its Amazon Web Services cloud platform.
https://t.co/8UF2WLfRl5

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Six Flags Entertainment is facing mounting financial pressure following its $2 billion merger with Cedar Fair, struggling with weak attendance, $5.5 billion in debt, and upcoming leadership changes.
https://t.co/jLYCwAOKOs

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The developers behind Tampa’s Gasworx in the historic cigar-making district are getting closer to completing the 50-acre mixed-use development, one of the largest projects underway in the city.
https://t.co/0Mtl3pLuid

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Cushman & Wakefield and Newmark reported strong third-quarter earnings as office leasing and property sales surged, prompting both firms to raise their financial outlooks for the year.
https://t.co/xi1FSJoV5s

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Starbucks posted $9.6 billion in quarterly revenue, with global same-store sales up 1% for the first time in about two years, driven by international growth, while U.S. sales remained flat.
https://t.co/AoJP0jFsxL

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Tubi’s move to a 31,000-square-foot office in San Francisco’s SoMa district highlights the city’s slow but steady office rebound, as tech and AI companies return and local leaders promote downtown’s resurgence despite lingering high vacancy rates.
https://t.co/AktYXw6yAz

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Healthcare-focused real estate investor Welltower closed roughly $23 billion in sales, acquisitions, and debt repayments as it accelerates its shift from medical outpatient clinics to senior-living and rental housing properties.
https://t.co/IBISoMwHnk

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New Jersey is a step closer to becoming Hollywood East as Paramount signs a 10-year lease at the 1.6 million-square-foot 1888 Studios in Bayonne, joining Netflix and Lionsgate in boosting the state’s growing film and TV production hub.
https://t.co/gzGt4iIeiJ

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Comstock Holding Cos. is developing Reston Station, a mixed-use project in Northern Virginia that is reshaping the suburbs with new office towers, multifamily buildings, retail, and hotels centered around a Metro station, attracting tenants like Google.
https://t.co/vMxLuYoBlL

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The Federal Reserve cut its benchmark interest rate by 0.25 percentage points to a target range of 3.75% to 4%, marking its second reduction this year and the lowest level in three years.
https://t.co/eXYcLDjg8o

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AI-driven demand is helping landlords quickly backfill space once vacated by major tenants, exemplified by MatX leasing a 43,500-square-foot building in Mountain View, California, formerly occupied by Waymo, Google's self-driving unit.
https://t.co/nksDFx1fnr

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A nearly century-old, 41-story office tower in Chicago is for sale in a deal that may come at a steep discount to its outstanding $71.3 million loan, reflecting a broader trend of high-vacancy downtown properties changing hands at reduced prices.
https://t.co/ljuLkWgAIo

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A local firm is partnering with luxury real estate developer Versluys Group to build a $650 million tower in the heart of Miami's riverfront in what marks the Belgian company's entrance to the U.S. market.
https://t.co/QQUnjgb4Ic

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Shares of Alexandria Real Estate Equities fell sharply after the biotech property owner said it plans to slow its development pipeline and sell some properties because of reduced demand for space, partly stemming from the government shutdown.
https://t.co/bFWaxxToBR

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Democratic socialist Zohran Mamdani is poised to become New York City’s next mayor, unsettling real estate leaders with his progressive agenda — though history in cities like Chicago and Los Angeles shows such bold promises are often hard to deliver.
https://t.co/SWI1rmm09k

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Los Angeles Mayor Karen Bass issued an executive order aimed at further expediting commercial rebuilding in the Pacific Palisades after January's catastrophic fires.
https://t.co/Vow5LZZ6gC

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Affordable housing construction is booming across Los Angeles as developers tap into Mayor Karen Bass’s Executive Directive 1, which fast-tracks approvals for 100% affordable projects and cuts timelines from months to weeks.
https://t.co/mRr7xW7KTy

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Deloitte plans to vacate its more than 84,000-square-foot office in downtown Los Angeles’ Gas Company Tower by fall 2026, dealing another blow to the area’s struggling corporate base.
https://t.co/aXlA5PkrAI