San Francisco
After Meta’s ‘Year of Efficiency,’ Tech Giant Moves Forward With Less Real EstateThe social media company spent more than $170 million to close offices last year as it focused on profitability.
Cybersecurity Firm Continues Bay Area Expansion With Portfolio Deal Near Sunnyvale HQFortinet paid $192 million for six buildings from Texas Instruments.
Google Advances Plan To Expand Sprawling Data Center Campus Near Portland, OregonThe $600 million project would add a fifth facility at the tech giant's first company-owned data complex.
Oakland Bolsters Apartment Pipeline With Pair of Projects From San Francisco DeveloperTidewater Capital has won approvals to build 670 rental units in the city.
Boston Properties Isn’t Waiting for Recovery To Expand Bet on US Office MarketOne of the nation’s largest landlords says its focus in 2024 will be on investment and leasing.
PayPal Adds to Tech Layoffs With 9% Workforce CutTechnology companies have cut 440,000 jobs since 2022.
Alexandria's Leases Buoy Revenue in the Face of US Biotech Real Estate HeadwindsThe REIT's big drugmaker tenants are filling its space with employees because 'cancer can't be cured from the couch,' one executive said.
San Francisco-Based Investor Plans New Data Center in One of Nation’s Tightest MarketsThe proposal by GI Partners adds to a growing pipeline of such developments in Silicon Valley.
Proposed Retirement Community Is Among Largest for Walnut Creek, CaliforniaThe city has one of the largest populations of senior residents in the East Bay.
Office Properties in 3 US States Back This REIT's Latest Troubled LoanKBS Real Estate Investment Trust III is in active negotiations with lenders.
More News
Banks Step Up Their Branch Sale-Leaseback ActivityThe proceeds are being used to pay down high-interest debt or invest in securities.
Amazon's Streamlined Warehouse Network Drives Lower Shipping Costs, Higher ProfitThe e-commerce company has 'challenged every closely held belief' in its fulfillment portfolio, the CEO notes.
Hotel Owners, Brokers Predict How Active Investors Will Be in Canada in 2024Hospitality experts say more investors outside of the hotel industry are putting their capital into the market. These include retail developers, condo developers and even those in the trucking industry.
Daily Roundup
January Job Cuts Rise, Real Estate Risks Rattle Global Banks, Mortgage Applications DeclineHere’s what you need to know to start your day.Developer Plans $400 Million Data Center Campus Near Reno, NevadaPowerHouse is joining other firms serving escalating national demand for high-tech information processing facilities.
Commercial Property Concerns Sharpen Following New York Community Bancorp’s Surprise LossThe bank holding company stepped up protection against bad real estate loans.
CMBS Notebook
Nearly Full New York Office Building Gets Downgrade, MF1 Capital Kicks Off Single-Lender Offerings, J.C. Penney Lease Gives Boost to MallA weekly look at the commercial mortgage-backed securities business.All-Inclusive Resorts Mature as Investors Follow Post-Pandemic Bookings DemandAll-inclusive resorts are growing in popularity following the pandemic as demand both grows and changes.
Hotel Leaders Say Job Openings Shrinking, but So Is ProductivityHotels are creeping closer to pre-pandemic levels for unfilled positions, executives said, but it's still a struggle to diversify leadership positions.
Global Report
CoStar World News for Feb. 1Baltic Nations Face Slow Hotel Recovery, Famed Restaurants Eyed for Embassy Redevelopment in UK, German Property Deal Volume Drops 60%Daily Roundup
Baltimore Orioles Reach Deal for Sale, Media Group Bids for Paramount, Private Payroll Growth SlowsHere’s what you need to know to start your day.Walmart Plans To Open or Expand More Than 150 Stores Over Next Five YearsThe discount retail giant is back in growth mode, planning “millions of dollars” in investment.
The Fed Declares Interest Rates Have Reached Their PeakThe Federal Reserve affirmed it will not hike interest rates further, but the central bank offered no timeline for expected rate cuts.
Chart of the Day
Bigger, Newer, Fuller Offices Were More Likely To Win Financing Last YearFar fewer CMBS loans were made than in 2022, according to data from CoStar and Morningstar Credit Analytics.IRobot To Offload Chunk of Real Estate After Deal With Amazon FizzlesThe Roomba maker plans to sublease out space at its Massachusetts headquarters and close smaller offices in a bid to shore up its finances.
European Lifestyle Hotels Place Emphasis on Community-BuildingIn a field that is very competitive and diverse, European lifestyle hotels that outperform share some common ideas such as community-building.
Charlestowne Hotels Prioritizes Slow, Organic Portfolio GrowthCharlestowne Hotels CEO Kyle Hughey said the management company is taking a measured approach to growth in order to give the proper attention to each property.
Google Parent Chooses AI Over Real Estate — for NowAlphabet has spent more than $1.8 billion to get out of office deals and trim its global workforce.
IBM Tells Employees To Relocate Near a Corporate Hub or ‘Separate’ From CompanyThe tech giant is throwing its weight behind its return-to-office policy in the latest sign of corporate America's crackdown on remote working.
This CEO Focuses Outside the OfficeHill & Wilkinson's Mike Oswald seeks to extend the general contractor's culture when workers are on far-flung project sites.
People of Note
Cushman & Wakefield Names CEO of Occupier Services Division, CBRE Promotes New Jersey Broker to Top Dealmaker Rank, Transwestern Hires Leasing Veteran in VirginiaRead about new hires, promotions and other personnel changes across the commercial real estate industry.Exclusive
Caring's Le Caprice Eyes Return at Qatari Diar's £1 Billion Makeover of Former US EmbassyNew York celebrity favourite Carbone is also in talks for a restaurant at the luxury hotel development.Featured
CoStar Economy
CoStar Economy
Analytics
US Posts Another Strong Quarter of Growth
Analytics
CoStar Insight
CoStar Insight
Office
Without Sale of One Westside to UCLA, Sales Activity Would Have Been Paltry
Office
CoStar Insight
CoStar Insight
Analytics
The Next Wave of Development Has Over 3 Million Square Feet of Uncommitted Space
Analytics
Market Moves
Market Moves
Finance
Here’s a Live Overview of What’s Happening in the Market Today
Finance
Special Announcement
Special Announcement
Events
Submissions Are Being Accepted for Annual Honor
Events
CoStar Insight
CoStar Insight
Office
Workers Would Welcome Improvements to Commutes and Office Experience
Office
Design & Construction
Design & Construction
Development
Landmark Former Minneapolis Department Store Recast for New Offices, Shops
Development
Featured
Featured
Development
Innovative Construction Transforms 10-Acre Site in Washington, D.C.
Development
Design & Construction
Design & Construction
Specialty
Rock Band U2, Exclusive Film To Kick Off Sphere’s Calendar of Events
Specialty
Trends
Trends
Multifamily
New Apartments Complement Adapted Printing Press Building
Multifamily
International News
CoStar Interview
CoStar Interview
United Kingdom
Former Generali Chief Tina Paillet Lays Out Priorities for Institution
United Kingdom
Germany
The Portfolio Comprises Eight Modern Properties Covering 241,000 Square Metres
Germany
United Kingdom
Savills Tracking £534 Million Under Offer in City
United Kingdom
Canada
Trends Expected To Continue in 2024, 2025
Canada
Germany
Fund Manager Says Investors Could be Tempted Back with Values 20% Below 2022 Peak
Germany
Spain
But Deals Will Still Occur Due to Sheer Weight of Capital
Spain
Exclusive
Exclusive
United Kingdom
Online Giant Is Back After Near Two-Year Absence From UK Acquisitions
United Kingdom
Canada
Ivanhoé Cambridge CEO Nathalie Palladitcheff To Leave Post Within 18 to 24 Months
Canada
Hoteliers and analysts say Las Vegas is only expanding when it comes to tourism opportunities, adding that Sin City has yet to hit its peak. Plus, the broader commercial real estate industry is hitting records.
WeWork Moves To Reject More Leases, Including New York Location Once Housing Amazon
More landlords have called out the firm in bankruptcy court for not paying January rents and other amounts owed.
AvalonBay Sees Apartment Investment Opportunity in Supply-Heavy Sun Belt
The company is expecting to gradually shift from established coastal markets to free up capital for purchases.
Blackstone Taps Former Morgan Stanley Vice Chairman for New Global Role
The investment giant said Thomas Nides would focus on its worldwide relationships and support the firm's initiatives.
Here’s How Some Apartment Pros May Deal With Higher Interest Rates, Insurance Costs
Multifamily investors and bankers swap tips and plot strategy in San Diego.
Featured
CoStar Economy
CoStar Economy
Analytics
US Posts Another Strong Quarter of Growth
Analytics
CoStar Insight
CoStar Insight
Office
Without Sale of One Westside to UCLA, Sales Activity Would Have Been Paltry
Office
CoStar Insight
CoStar Insight
Analytics
The Next Wave of Development Has Over 3 Million Square Feet of Uncommitted Space
Analytics
Market Moves
Market Moves
Finance
Here’s a Live Overview of What’s Happening in the Market Today
Finance
Special Announcement
Special Announcement
Events
Submissions Are Being Accepted for Annual Honor
Events
CoStar Insight
CoStar Insight
Office
Workers Would Welcome Improvements to Commutes and Office Experience
Office
Design & Construction
Design & Construction
Development
Landmark Former Minneapolis Department Store Recast for New Offices, Shops
Development
Featured
Featured
Development
Innovative Construction Transforms 10-Acre Site in Washington, D.C.
Development
Design & Construction
Design & Construction
Specialty
Rock Band U2, Exclusive Film To Kick Off Sphere’s Calendar of Events
Specialty
Trends
Trends
Multifamily
New Apartments Complement Adapted Printing Press Building
Multifamily
International News
CoStar Interview
CoStar Interview
United Kingdom
Former Generali Chief Tina Paillet Lays Out Priorities for Institution
United Kingdom
Germany
The Portfolio Comprises Eight Modern Properties Covering 241,000 Square Metres
Germany
United Kingdom
Savills Tracking £534 Million Under Offer in City
United Kingdom
Canada
Trends Expected To Continue in 2024, 2025
Canada
Germany
Fund Manager Says Investors Could be Tempted Back with Values 20% Below 2022 Peak
Germany
Spain
But Deals Will Still Occur Due to Sheer Weight of Capital
Spain
Exclusive
Exclusive
United Kingdom
Online Giant Is Back After Near Two-Year Absence From UK Acquisitions
United Kingdom
Canada
Ivanhoé Cambridge CEO Nathalie Palladitcheff To Leave Post Within 18 to 24 Months
Canada
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