• Smaller Beach Cities From Coast to Coast Ride a Development Surge
    By Linda Moss, Paul Owers and Jacquelyn Ryan The 12-room luxury hotel known as Vespera on Ocean (pictured) in Central California’s Pismo Beach is one of a number of ...
    August 20
  • Myrtle Beach Multifamily Rent Growth Among the Highest in the Nation
    The Latitude at the Commons, a 288-unit apartment complex in Myrtle Beach, South Carolina. With more than 14 million visitors a year, Myrtle Beach, South Carolina, is regularly one of America’s most crowded beaches. But it’s not just tourism keeping the metropolitan area buoyant -- its retirees are causing multifamily ...
    August 20
  • Teterboro Amazon Distribution Center Sells for $147.1 Million
    Pictured: 698 Route 46, Teterboro, New Jersey. In what appears to be the biggest industrial deal so far this year in New Jersey, a large Amazon distribution center in the Meadowlands region has sold for $147.1 million, a more than 80 percent increase from its $81 million price tag just ...
    August 20
  • UBS Sells 1670 Broadway in Downtown Denver
    The 704,065-square-foot 1670 Broadway building was recently renovated with a four-story podium. UBS Realty Investors has sold 1670 Broadway in downtown Denver, CoStar News has learned from sources close to the deal. The 36-story tower is anchored by financial services firm TIAA, which has a lease for nearly half of ...
    August 20
  • Fort Lauderdale, Florida’s FATcity Developer Reevaluates Construction Timing
    Developer Joe Traina Jr. had big plans for a parcel that fits into an effort by the city to lure millennials to downtown Fort Lauderdale, Florida, but the future of the project featuring twin 30-story towers is now uncertain. Avison Young is no longer marketing the 2.7-acre FATcity site at ...
    August 19
  • How Slate Asset Management Pulled Off a 97-Property Deal With Cominar
    Brady (left) and Blair Welch.With 97 properties selling for 1.12 billion Canadian dollars, it was one of the most complex deals of the past year in the United States or Canada. But it was when Slate Asset Management immediately turned around and started selling the real estate it had just ...
    August 19
  • Highland Capital Buys Dallas’ Cityplace Tower
    Cityplace Tower, the tallest Dallas building outside downtown, has sold to Highland Capital Management in one of the largest deals in the southwestern United States in the past decade. The acquisition of the 42-story, 1.35 million-square-foot tower at 2711 N. Haskell Ave. confirms a CoStar News report from June. Terms ...
    August 17
  • Nowhere to Go But Up: First U.S. Multistory Warehouses to Open as Amazon Ponders Airborne Fulfillment Centers
    Bridge Development and Dov Hertz plan to create a multistory warehouse at this site in Brooklyn, New York.Amazon, the online innovator that changed retailing, now has plans for a futuristic airborne fulfillment center where it would use drones to deliver goods. The e-commerce giant was granted a patent for the ...
    August 17
  • New Residential, Commercial Projects Coming to Former Denver Air Force Base
    The last pieces of the redevelopment of Denver's former Lowry Air Force Base are falling into place nearly 25 years after the plan was submitted to the U.S. Air Force. Developers are gearing up for more residential development in Lowry’s last neighborhood with a new project known as Boulevard One ...
    August 17
  • Minneapolis Unveils Draft Plan of $125M Riverfront Development
    Upper Harbor TerminalCredit: City of Minneapolis The city of Minneapolis and its master development team are showing off sweeping plans for redevelopment of the Upper Harbor Terminal, 48-acre tract of industrial land running along the Mississippi River. The concept was to be outlined Thursday evening by Minneapolis development firms United ...
    August 17