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 […]