By Candace Carlisle CoStar News Summary: Dallas County’s new 12-story parking garage, designed exclusively for electric vehicles and built with future expansion in mind, reflects a forward-thinking approach to urban infrastructure. Costing $66.8 million, it...
By Mark Heschmeyer CoStar News, June 27, 2024 Summary: Blackstone’s activities have the potential to significantly boost the issuance of commercial mortgage-backed securities (CMBS). Meanwhile, a loan for two high-rise buildings in Chicago has been downgraded,...
By Joshua S. Andino, CoStar News Summary: Walt Disney Parks and Resorts has reached an agreement with the Central Florida Tourism Oversight Board, allowing it to expand its presence in Orlando over the next 15 years. The deal, supported by Governor Ron DeSantis,...
By Moira Ritter CoStar News Summary: Lawrence Yun of the National Association of Realtors emphasized the urgent need for increased housing supply amid ongoing inventory shortages that have driven up home prices. Recent data indicates a slight increase in home...
By Katie Burke CoStar News Summary: Shorenstein, a San Francisco development firm, has handed back the Capella Tower, the second-tallest building in Minneapolis, to its lender MetLife after failing to sell the property amid market uncertainty. Despite efforts to sell...
By Paul Norman CoStar News Summary: Starwood Capital has restricted redemptions from its $10 billion Starwood Real Estate Income Trust (SREIT) to preserve liquidity amid a surge of investor exit requests. Starting in June, redemptions will be limited to 0.33% of net...
