Beacon Capital Partners is negotiating to repurchase a #Chicago building, known for its curved, green-tinted exterior, at a significant discount, two decades after selling the 36-story #office building.
costar.com/article/356217…

Brookfield Properties is getting closer to breaking ground on what could be the largest apartment project underway in #SanFrancisco and part of the latest mall redevelopment for California, a state working to add housing.
costar.com/article/872029…

Cushman & Wakefield, the world's third-largest commercial brokerage, is betting that capital markets activity will pick up this year despite persistently high interest rates that have been a drag on deals across the industry in recent months.
costar.com/article/482325…

.Walmart, the nation's biggest retailer, is pulling the plug on its health clinics, stepping back like other companies that have found that providing primary care to patients is a difficult and often unprofitable line of business.

Read more here: bit.ly/3UL4IEz

Cousins Properties inked upward of 400,000 square feet of #office deals in the first few months of 2024, almost double the amount it signed for the same time last year and a clear result of tenants more frequently using their spaces.
costar.com/article/129416…

Apartment owner AvalonBay Communities reported stronger-than-expected earnings in the first quarter driven by the increasingly high cost of home ownership and a relatively limited housing supply in the company’s coastal markets.
costar.com/article/213834…

There weren’t many cities that had more momentum coming out of the pandemic than Austin, Texas. Investors and developers alike flocked to the state capital of Texas, adding new hotel supply at a rapid pace to the budding market.
costar.com/article/579649…

Oracle plans to move into an additional 17,500 square feet of #office space in San Antonio about one week after the company’s founder said the #tech giant plans to relocate its global headquarters from Austin, Texas, to Nashville, Tennessee.
costar.com/article/136740…

In conjunction with the release of its first-quarter earnings, Host Hotels & Resorts confirmed it acquired the 215-room 1 Hotel Nashville and 506-room Embassy Suites by Hilton Nashville Downtown for $530 million in an all-cash deal.
costar.com/article/139570…

.CBRE reported higher quarterly revenue and profit, partly thanks to better-than-expected office leasing globally as its United States business had its only solid leasing growth in six quarters.
costar.com/article/106830…

Rue21 is filing for Chapter 11 bankruptcy protection for a third time, closing all 540 locations in the next two months. The company is looking to separately sell its intellectual property rights.
costar.com/article/100373…

Peloton Interactive's CEO is exiting the troubled exercise-gear company as it plans to slash $200 million in costs by closing more showrooms and cutting roughly 15% of its global workforce.
costar.com/article/729834…

Portland travelers are excited to see the return of the teal-colored, 1980s-style carpet at Portland International Airport, a design that has taken on a life of its own in the city, appearing on craft beer labels, socks and tattoos.
costar.com/article/209649…

.Colliers reported revenues rose 4% to $1 billion from the prior-year quarter, driven by an uptick in leasing and a 9% revenue jump in non-transaction services such as property and project management, engineering and consulting.
costar.com/article/141351…

Starwood Capital Group's £800 million (US$1.3 billion) acquisition of 10 London hotels from Edwardian Hotels won the top sale in the UK in the Q1 #CoStarAwards Quarterly Deals.

Discover the top leases in the UK below.

Host Hotels & Resorts bought the 215-room 1 Hotel Nashville and 506-room Embassy Suites by Hilton Nashville Downtown for $530 million in an all-cash deal. Host CEO James Risoleo cited new buildings, prime locations and amenities as reasons for the deal.
costar.com/article/211537…

Quarterra, the multifamily arm of Lennar, and Invitation Homes launched a joint venture that is expected to affect thousands of tenants in Florida, Texas, and the Carolinas as demand rises for build-to-rent properties.
costar.com/article/103777…

#NewYork ’s nine-member Rent Guidelines Board approved in a preliminary vote rent hikes between 2% and 4.5% for a one-year lease beginning on or after Oct. 1. Rent on a two-year lease could go up between 4% and 6.5%.
costar.com/article/932208…

New Macerich CEO Jackson Hsieh unveiled details of a strategy involving the sale of certain underperforming properties and returning some properties to lenders upon loan maturity to shore up the landlord's finances after reporting a $126.5 million loss.
costar.com/article/213672…

A store in #Atlanta where children can paint ceramics and make slime balls with their parents is one of several winners in the Shop! Association's yearly awards program for architectural design.
costar.com/article/956322…