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New York City

New York to spend over $400 million to upgrade priciest US shopping corridorThe expected total investment in Fifth Avenue more than doubles the initial amount.
Silverstein’s NYC casino proposal adds new partnerRush Street Gaming’s Neil Bluhm has led projects in Boston, Chicago and Los Angeles.
BH3 Management adds senior associate to growing New York officeThe South Florida-based real estate investment firm has hired Dylan Bennett.
With stock lagging, office landlord Paramount Group explores strategic alternativesThe company owns top-tier properties in New York and San Francisco.
Related, Oxford, Wynn Resorts drop Manhattan casino bid at Hudson YardsA revised plan for the development includes building up to 4,000 apartments.
The Goddard School leases 15,462 square feet in NYC’S Upper East SideThe Goddard School, a private school that focuses on early childhood development, has signed a 15-year lease for 15,462 square feet that occupies the entire ground and second floor...
Newmark buys Howard Lutnick's shares as Trump's commerce secretary divests from businessesThe New York-based brokerage agreed to pay $127 million to its former executive chairman to repurchase nearly 11 million shares.
Savills tapped to sell New York City's iconic Chrysler BuildingThe Cooper Union, which owns the land, took control of the landmark after a court ruling.
Project lands New York’s largest loan for office-to-residential conversionDevelopers of the former Pfizer headquarters have secured $720 million to aid in apartment construction.

More News

CoStar Insight
As the office market recovers, these changes may be here awhileA few new occupier leasing behaviors characterize the emerging balance in the market for office space.
Two decades and $1.3 billion later, largest US hotel under construction becomes year's biggest openingThe Chula Vista property’s 1,600 rooms and a half-million square feet of meeting space have already generated more than 1 million hotel room-night bookings.
Global Report
CoStar World News for May 22Iran’s hotels lure investors despite sanctions; UK monarch’s property firm joins development venture; French retail deal volume soars
San Francisco project to rise on site of fatal fire, despite Mission neighbors' oppositionLocal officials say state laws make it harder for residents to block housing developments.
ICSC Las Vegas
CBRE's new Americas retail managing director surveys the property landscapeIn one of his first interviews on the job, Scott Schnuckel discusses the state of the business.
Trinity Investments sells JW Marriott Phoenix Desert Ridge to Ryman Hospitality for $865 millionTrinity Investments bought the 950-room hotel from Blackstone in 2019 for $602 million and invested $100 million into a renovation, which was completed in 2023.
Historically preserved Nantucket resort captures imagination of renowned author's fan baseAcross her 30 novels, Elin Hilderbrand has introduced her readers to both the island and a 134-year-old hotel.
Caribbean hoteliers seek more regional sources for travel demand, construction materialsTravelers and materials sourced within the region have become increasingly important to the long-term health of Caribbean tourism amid challenges in the U.S.
Hines lands major deal at renovated San Francisco officeA law firm is leveraging its lease expiration for the chance to relocate its downtown headquarters to the recently overhauled space.
ICSC Las Vegas
As US downtowns shed office workers, officials shop retail solutionsLegislators and economic development heads across the United States have landed at ICSC to fulfill their ground-floor strategies.
Mesirow raises more than $1 billion for US multifamily acquisitionsThe Chicago-based firm’s value fund is targeting up to 30 of the largest markets.
Remington Hospitality appoints Ben Perelmuter as CEOBen Perelmuter, former president and chief operating officer of TPG Hotels & Resorts, is set to step into his new role on June 2.
What a stalled NLRB means for hotel industry employersShort staffing in the U.S. National Labor Relations Board is affecting the flow of legal decisions, but labor attorney Robert Bernstein said at the Hospitality Law Conference that staying aware of what may happen next is critical for hotel and restaurant owners.
This former Chicago home of Blue Man Group and horses pitched as apartmentsA local developer proposed a new direction for the Briar Street Theater building that began as stables.
What the UK's proposed tighter immigration rules could mean for hoteliersBusinesses in the United Kingdom, including hotels, have faced a tougher road to recruiting workers since the U.K. left the European Union in 2020. Now a series of proposed immigration reforms could make recruitment and hiring non-U.K. workers even more difficult.
Crown Estate and Lendlease formalise £24 billion joint ventureThe agreement marks a major statement of intent from the King's property company.
Daily Roundup
Housing starts rise; Charter plans to buy Cox Communications; Consumer confidence erodesHere’s what you need to know to start your day.
CoStar Insight
Breathing room: retailers have more space options as industry gathers in Las VegasExpansion-minded retailers can capitalize on numerous store closings by several large chains
Montreal preps for annual auto race that pushes hospitality revenue into overdriveThree hotels have opened in time for the Formula 1 Canadian Grand Prix, the country's biggest tourism event.
An update on the US labor law changes hoteliers can expectDuring the Hospitality Law Conference, labor attorney Andria Ryan explained the latest developments in U.S. labor laws and regulations.
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      Tariff uncertainty has logistics executives bracing for more volatility as demand falls
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      Global fashion icon signs 10-year lease at former Ted Baker unit on Regent Street
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      British firm opens 86 hotels in first quarter
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      The city is cutting red tape while California lawmakers propose the biggest tax incentive expansion on record.
      Podcast
      Demand slowdown, supply growth begin to pinch extended-stay hotels
      On the latest episode of the Hotel News Now podcast, CoStar Group's Colin Sherman talks about how the extended-stay sector is performing.
      On the latest episode of the Hotel News Now podcast, CoStar Group's Colin Sherman talks about how the extended-stay sector is performing.
      CoStar Economy
      Uncertainty and credit concerns slow consumer spending
      American consumers show caution as tariff talk heats up, new data suggests.
      American consumers show caution as tariff talk heats up, new data suggests.
      ICSC Las Vegas
      Tariffs disrupt a large portion of the investment sales market, Marcus & Millichap CEO says
      In this video interview, Hessam Nadji discusses how about 50% of investors tracked by the brokerage have paused, while some others "pounce."
      In this video interview, Hessam Nadji discusses how about 50% of investors tracked by the brokerage have paused, while some others "pounce."
      ICSC Las Vegas
      From doggy day care to ethnic grocers, a wave of fresh retailers expands
      Legacy tenants are getting replaced by businesses related to shifting consumer priorities.
      Legacy tenants are getting replaced by businesses related to shifting consumer priorities.
      Featured
        CoStar Insight
        CoStar Insight
        Analytics
        What CoStar's Analytics team is hearing from hospitality professionals
        Analytics
        CoStar Insight
        CoStar Insight
        Multifamily
        Low levels of new supply and resurging demand push rents higher
        Multifamily
        CoStar Insight
        CoStar Insight
        Industrial
        Distribution tenants outspent institutional and private capital investors to acquire local warehouses
        Industrial
        Market Moves
        Market Moves
        Finance
        Here’s a Live Overview of What’s Happening in the Market Today
        Finance
        Impact Awards
        Impact Awards
        Top News
        Industry pros pick work that had a major impact on their markets
        Top News
        Featured
        Featured
        Office
        New music venue, offices and restaurants drive interest in changing part of Virginia capital
        Office
        CoStar Insight
        CoStar Insight
        Retail
        Retail leasing accelerates as demand for space holds strong
        Retail
        CoStar Insight
        CoStar Insight
        Analytics
        Office leasing activity plateaus for major deals amid cautious business sentiment
        Analytics
        CoStar Insight
        CoStar Insight
        Analytics
        New projects to come on line in downtown Miami, Brickell Key
        Analytics
        International News
          United States
          Tariff uncertainty has logistics executives bracing for more volatility as demand falls
          United States
          United States
          Brightline reaches deal with shared office space provider Industrious
          United States
          United Kingdom
          Global fashion icon signs 10-year lease at former Ted Baker unit on Regent Street
          United Kingdom
          United Kingdom
          US industrial investor has queried value attached to Crewe Radway Green site
          United Kingdom
          Exclusive
          Exclusive
          United States
          Flexible office provider is hunting for new flagship location in New York
          United States
          United Kingdom
          CoStar index shows central London offices, retail warehouses and Scottish hotels among the best relative performers
          United Kingdom
          France
          Fund targeting UK and major European markets
          France
          Earnings
          Earnings
          United Kingdom
          British firm opens 86 hotels in first quarter
          United Kingdom
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