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Billionaire investor offers to form subsidiary to buy controlling interests in operating companies Summerlin in Las Vegas is where Howard Hughes built one of the nation’s top-selling master-planned developments. (Zachary Mirer/CoStar) By Candace Carlisle CoStar News January 13, 2025 | 5:01 P.M. Billionaire investor Bill Ackman’s Pershing Square made a bid to merge with Howard Hughes […]

Investment giant strikes $8 billion deal for majority stake in sandwich shop business Jersey Mike’s Subs is going to be majority-owned by New York-based private-equity firm Blackstone. (CoStar) By Linda Moss CoStar News November 19, 2024 | 5:08 P.M. Blackstone still has a hearty appetite for investing in restaurant chains as it looks to buy a […]

But there are tenants to fill the space with retail vacancy still low, analysts and brokers say Announced store closings have surged in the back half of 2024. (Getty Images) By Linda Moss CoStar News November 6, 2024 | 5:33 P.M. U.S. store closings have accelerated, surpassing any full-year total since the height of the pandemic […]

Global drugstore behemoth to close initial 500 locations in fiscal 2025, weighs future of VillageMD In addition to 1,200 announced store closings, Walgreens is reviewing another 800 locations for possible action. (CoStar) By Linda Moss CoStar News October 15, 2024 | 3:48 P.M. Pharmacy giant Walgreens Boots Alliance plans to close roughly about 1,200 underperforming U.S. […]

Convenience store chain also agreed to $520 million sale-leaseback of stores 7-Eleven and other convenience store chains are expanding offerings of prepared foods to offset a sales slowdown in other areas. (CoStar) By Andy Peters CoStar News October 10, 2024 | 4:29 P.M. The parent company of 7-Eleven is planning to close 444 stores in the […]

As US power grid nears full capacity, some companies are finding new ways to generate power By Candace Carlisle CoStar News October 4, 2024 | 1:08 P.M. The nation’s data center market is showing no sign of letting up as insatiable demand, driven by the rapid growth of artificial intelligence, pushes the sector to record-low […]

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 […]

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 […]

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 […]

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 […]