• New Tax Provisions Open Gates to $250 Billion in Property Investments
    One of the least publicized provisions of the federal Tax Cuts and Jobs Act signed into law last December will be getting a lot more attention in coming weeks. The provision has the potential to stimulate a new round of investment in commercial real estate, mostly in struggling urban, suburban, ...
    September 19
  • Fayetteville, North Carolina, Evacuates Downtown Ahead of Potentially Catastrophic Flooding
    A small plaza submerged under several feet of water marked the start of flooding Tuesday in the aftermath of Hurricane Florence. Photo credit: Paul Owers, CoStar Group On the edge of downtown Fayetteville, North Carolina, the flooding from Hurricane Florence started at the Cape Fear Botanical Garden and over at ...
    September 19
  • Port Covington Developers Open ‘Chapter 1’ With or Without Amazon
    Aerial of the Port Covington development in Baltimore. Credit: Taylor Damm, CoStar Group Spurned by Amazon, Baltimore's one-time suitor for the online giant's so-called HQ2 outlined its newest plans for a sprawling site on the city's waterfront. Sagamore Development representatives appeared before the city's Urban Design and Architecture R ...
    September 19
  • Port Covington Developers Open ‘Chapter I’ With or Without Amazon
    Aerial of the Port Covington development in Baltimore. Credit: Taylor Damm, CoStar Group Spurned by Amazon, Baltimore's one-time suitor for the online giant's so-called HQ2 outlined its newest plans for a sprawling site on the city's waterfront. Sagamore Development representatives appeared before the city's Urban Design and Architecture Rev ...
    September 19
  • Record-High Cape Fear River Floods Fayetteville, North Carolina, After Hurricane Florence
    The Cape Fear River crested at a record high in Fayetteville, North Carolina, causing flooding in the area. Credit: CoStar Group Inc. The Cape Fear River, the largest waterway in Fayetteville, North Carolina, crested at an historic high, causing major flooding through sections of the city and posing its biggest ...
    September 19
  • Hurricane Florence: How Will the Storm Affect Multifamily Fundamentals?
    One year removed from the devastation created by Hurricane Harvey in the Houston area, the country is once again reeling from another major storm. Hurricane Florence, which made landfall Sept. 14 along the North and South Carolina border, appears to be one of the most catastrophic hurricanes to ever hit ...
    September 19
  • New Jersey Bill Aims to Help Vacant Malls, Office Parks
    The Burlington Center mall at 2501 Mount Holly Rd. in Burlington, New Jersey, is one of the properties that New Jersey lawmakers say could be helped by a new bill. New Jersey lawmakers are making a new legislative push to help rid the state of its vacant and half-empty malls ...
    September 18
  • Did You Hear? Colin Connolly’s New Job Follows an Old Path
    Colin Connolly is taking over one of Atlanta’s best-known real estate investment trusts.Connolly has been named chief executive of Cousins Properties, and his primary mission will be a familiar one: Creating value through the development of, and investment in, prime office properties.Cousins Properties, founded in 1958 by legendary developer Tom ...
    September 18
  • Exclusive: Triple Five To Acquire Prime Beverly Hills Site
    Rendering of the One Beverly Hills project for Wanda Group. Triple Five Group Ltd., the Canadian developer of the Mall of America, is under contract to buy one of the prime development sites in Beverly Hills, California, from China-based conglomerate Dalian Wanda Group. The Edmonton-based company, led by the Ghermezian ...
    September 18
  • Exclusive: Triple Five To Acquire Prime One Beverly Hills Site
    Rendering of the One Beverly Hills project for Wanda Group. Triple Five Group Ltd., the Canadian developer of the Mall of America, is under contract to buy one of the prime development sites in Beverly Hills, California, from China-based conglomerate Dalian Wanda Group. The Edmonton-based company, led by the Ghermezian ...
    September 18