Uncategorized

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 […]

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 […]

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 […]

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 […]

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 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 […]

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, […]

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, […]

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, […]