Closings reflect broader challenges for retailers affected by low home sales and slowing residential construction Elwood Logistics Center in Goodyear, Arizona, was one of Home Depot’s 10 largest U.S. distribution centers before it was listed for sublease in September. (John Williams/CoStar) By Adrian Ponsen and Connor Devereux CoStar Analytics October 2, 2024 | 2:47 P.M. Since the end […]
Why the local drugstore could become a plasma collection center, restaurant or even a dog park
Design & Construction As chains close pharmacies in the US and Canada, conversions involve a variety of uses with retail space scarce Vickers Design Group installed garage doors to make a transition area for a combined dog park and bar in Alpharetta, Georgia. (Vickers Design Group) By Andy Peters CoStar News September 25, 2024 | 3:57 […]
Navigating the Stagflation Undercutting Commercial Property Values
Higher Interest Rates, Slowing Income Growth Require a New Playbook for Commercial Property Investors and Owners By Chad Littell CoStar Analytics May 29, 2024 | 9:37 AM The commercial real estate industry faces new adversity as it navigates an economic phase marked by higher interest rates and slowing income growth, an economic condition commonly known as […]
Starwood Limits Redemptions From $10 Billion Property Fund
Nontraded Trust Says Now Is Not the Time for Forced Property Sales Barry Sternlicht, Chairman and CEO, Starwood Capital Group. (Patrick T. Fallon/AFP via Getty Images) By Paul Norman CoStar News May 24, 2024 | 3:14 AM Starwood Capital has limited redemptions from its nontraded $10 billion Starwood Real Estate Income Trust property fund as it seeks […]
Healthcare Property Investors Pay $252 Million for 37 Properties in 13 States
Remedy Medical Properties and Kayne Anderson Real Estate Strike Deal With Broadstone Net Lease Remedy Medical Properties and Kayne Anderson Real Estate have bought a 37-property healthcare portfolio that includes the Ridgeway Medical Campus in Greece, New York. (Remedy and Kayne Anderson) By Ryan Ori CoStar News May 2, 2024 | 2:36 P.M. Two of the […]
Amazon Looks for Expanded Warehouse Network To Speed Grocery, Medicine Delivery
CEO Envisions Fulfillment Facilities as Drone Bases To Deliver Perishable Items in Minutes Amazon’s Prime Air service aims to eventually let the company deliver packages in less than an hour. (Amazon) By Randyl Drummer CoStar News April 11, 2024 | 6:25 P.M. Online retailer Amazon could use its growing network of regional fulfillment centers to expand […]
One of St. Louis’ Tallest Office Towers, Empty for Years, Sells for Less Than 2% of Its Peak Price
Goldman Group Buys 44-Story Former AT&T Office Tower for $3.6 Million A new investor now owns the former AT&T Tower in downtown St. Louis. (Dusty Walker/CoStar) By Mark Heschmeyer CoStar News April 10, 2024 | 11:42 AM In the latest sign of how lower demand is hitting parts of the U.S. office market, one of the […]
Retail Supply and Demand Likely To Remain in Balance for Foreseeable Future
Minimal New Supply Underpins Tight Retail Forecast By Brandon Svec CoStar Analytics March 29, 2024 | 1:50 P.M. The U.S. retail market has demonstrated remarkable resilience over the past three years, culminating in historically tight availability at the end of 2023 with the national average vacancy rate hitting a new low of just 4.0%. Current demand […]
Home Depot To Add Almost 800 Locations With $18.25 Billion Purchase of Building Supplier
Home Improvement Juggernaut Plans To Add New Distribution Network Targeting Professional Contractors SRS Distribution has over 760 industrial locations and warehouses, like this one in Madison, Wisconsin. (CoStar) By Linda Moss CoStar News March 28, 2024 | 3:44 P.M. The Home Depot is acquiring a building materials supplier with nearly 800 locations in an $18.25 billion […]
REITs Pour Capital Into Healthcare Real Estate With ‘Gray Tsunami’ Approaching
Net Income Growth of 7.6% Lured Capital Into the Sector By Chad Littell CoStar Analytics March 20, 2024 | 11:40 AM Real estate investment trusts closed out 2023 with a surge of investments in healthcare properties as they look to capitalize on an aging population that is becoming increasingly dependent on medical care. Healthcare real estate, […]