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The Latest Breaking News from CoStar

Redevelopers are pouncing on shuttered hotels

Interest in revitalizing or redeveloping closed hotel properties has been on the rise for the last decade — but it's surged to new heights since the pandemic began.

Axios

Commentary: LA and other cities are recovering, but not their downtowns. Why?

A fiscal “doom loop.” A transit “death spiral.” The “office apocalypse.” Since the traumatic disruption of the COVID-19 pandemic, these pessimistic terms have been applied repeatedly to the state of our cities. Analysis of Census data from my Brookings Institution colleague William Frey found that from 2020 to 2021, during…

Los Angeles Times

Office space available, lots of it

The data is a sign that the distress is going to get worse.

Axios

From analysis to the latest developments in health,
read the most diverse news in one place.

Regional Universities rush to grab space in London

Sheffield Hallam, Teesside University and the University of West of Scotland among those setting up sites in the capital

Evening Standard

Regional universities scramble for space in London

Non-London universities have taken 350,000 sq ft in the capital over the past three years

Evening Standard

Zillow says the home price correction is winding down—here’s what 28 other forecast models have to say

Fortune once again tracked down the latest home price forecasts from 29 of the nation's leading real estate researchers.

Fortune

San Diego has declared 'housing as a human right' but does it mean anything legally?

San Diego City Council voted unanimously Tuesday to declare housing as a human right, a rare move for a city with a lot of housing issues.

Tribune News Service

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Something big is happening in the U.S. housing market—here's where 27 leading research firms think it'll take home prices in 2023

Among the nation's 27 leading housing researchers, 23 expect U.S. home prices to fall further in 2023.

Fortune

Glasgow retail property investment hits eight-year high

Investor appetite for retail warehouses drove volumes before the mini budget slowed markets

Insider UK

Residential Rents Are Declining In Many Real Estate Markets - How Should Investors Respond?

Real estate has a remarkable ability to deliver returns for investors, even when the stock market or other economic indicators are pointing downward.

Benzinga

This ad agency received millions from Netflix and abruptly closed. What happened?

The insults toward Palisades Media Group Chief Executive Roger Schaffner continued to pile up at his Santa Monica office.

Los Angeles Times

Sky-high Orlando rent hikes top the U.S., with relief years away

Orlando rents are growing at the fastest pace in the country, and one expert says it could be nearly two years before the region returns to pre-pandemic increases.

Orlando Sentinel

Signs of stress are deepening in the market for office buildings

Vacancy rates and loan delinquencies are climbing.

Axios

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