CoStar to Build a 400,000 Square Foot Tower and Triple its HQ Staff
The Costar Group, whose stock soared by 77 percent in 2019, says that it will triple its staff at its Richmond, Va. headquarters. The company […]
Commercial
Newmark Knight Acquisition Strengthens its Valuation Services
Newmark Knight Frank, announced it has acquired the assets of HVS, Inc., which operates under the name Hopkins Appraisal Services (“Hopkins”), a national leader in […]
WeWork Sells Tech Startup Teem
WeWork has sold off the meeting space technology company Teem, which it acquired in 2018, reported Bisnow. Workplace solutions firm iOffice announced it had acquired […]
The Latest Updates from WeWork
WeWork to Terminate 10-15 Percent of its LeasesWeWork is reviewing about 100 leases around the globe and could pull out of some of them as […]
The Biggest Property Owners in Silicon Valley
According to a recent report by the San Jose Mercury News, the top 10 property owners in Silicon Valley own over $59 billion in total […]
Updates from the Corporate Real Estate World: CBRE, JLL, Zillow and Others
CBRE Q3 Results Beat EstimatesThe world’s largest real estate firm reported revenue of $5.93 billion for the quarter, compared to analyst estimates of $5.73 billion, […]
CBRE: Tech Accounted for 21 Percent of Office Leasing Activity in 1H 2019
According to CBRE’s annual Tech-30 Report, tech companies accounted for 21 percent of major office-leasing activity in the first half of this year, up from 11% […]
U.S. Office Market Continues Growth Pattern Amid Concerns About the Future
Driven by a decade of consistent economic growth, major U.S. metro areas added 682 million square feet of office space between 2008 and 2018, according […]
New Report Reveals the Impact of Public Transit on Property Values
A new report from the National Association of Realtors (NAR) and American Public Transportation Association (APTA) found that residential properties within a half mile of […]
Blackstone Group to Buy the Bellagio Hotel for $4.25 Billion
MGM Resorts International on Tuesday announced it will sell its Bellagio Hotel and Casino in Las Vegas to the Blackstone Group, and then lease back […]