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, […]
Dollar General Says It’s on Track To Open Roughly 800 Stores This Year
Expansion Plans Come a Day After Rival Dollar Tree Says It’ll Close 1,000 Family Dollar Locations Dollar General’s expansion plans are proceeding. (CoStar) By Linda Moss CoStar News March 14, 2024 | 5:42 P.M. Discount retail behemoth Dollar General heralded the arrival of its 20,000th store, and touted plans to open about 800 others this year, […]
Dollar Tree To Close About 1,000 Family Dollar Stores in Year’s Biggest Announced Shutdown
But Discount Giant Says It Will Keep Opening Namesake Stores Dollar Tree acquired the Family Dollar chain in 2015 for $9 billion. (CoStar) By Linda Moss CoStar News March 13, 2024 | 4:02 P.M. Discount giant Dollar Tree plans to shutter roughly 1,000 underperforming Family Dollar stores, the biggest U.S. store-closing announcement so far this year, […]
US Grocery Wars Heat Up With Aldi’s Plans for $9 Billion Expansion
German Discount Chain Seeks To Add 800 Stores, Completes Purchase of Winn-Dixie Supermarkets Aldi is moving forward with aggressive store expansion plans. (Aldi) By Linda Moss CoStar News March 7, 2024 | 6:10 P.M. The competition among grocers is growing even fiercer, with German discount supermarket chain Aldi planning to add 800 stores across the United […]
Burger King Parent To Acquire Biggest US Franchisee in $1 Billion Deal
Fast-Food Chain Expects Purchase of Carrols Restaurant Group To Accelerate Remodeling Burger King is trying to fast-track the remodelng of its restaurants. This location is in Roswell, New Mexico. (CoStar) By Linda Moss CoStar News January 16, 2024 | 4:32 P.M. Burger King’s parent is acquiring the fast-food chain’s largest U.S. franchisee, an operator of more […]