Residential Foreclosure Activity Is Growing the Most in These Five States

Aug 19, 2024

Foreclosure activity in the U.S. is rising, with nearly 32,000 housing units facing default notices or repossessions in July 2024, an 18% increase from June and a slight 0.2% year-over-year rise. Delaware had the highest foreclosure rate, with a 7.37% increase, followed by Nevada, Utah, New Jersey, and Illinois.

Hyatt Nears End of $2 Billion Hotel Asset Sale Plan, Plans Brand Acquisitions

Aug 8, 2024

By Sean McCracken Hotel News Now Summary: Hyatt Hotels Corp. will remain active in the transactions market after completing a $2 billion hotel sales commitment. CEO Mark Hoplamazian highlighted the focus on strategic partnerships and acquisitions of hotel brands or...

Nation’s Biggest Homebuilder Posts Higher Earnings As Orders Surge

Jul 8, 2024

By Paul Owers CoStar News Summary: Lennar, the largest U.S. homebuilder, reported a nearly 20% surge in orders due to a nationwide housing shortage exacerbated by higher interest rates deterring moves. Despite challenges like builder confidence declines, the...

Downtown Dallas Parking Garage Designed for a Very Weighty Future

Jul 3, 2024

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...

Blackstone Alone Could Take CMBS Issuance Higher, Loan Downgraded on Twin Chicago High-Rises, Retail Property Values Fall Furthest Among Distressed Loans

Jun 27, 2024

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,...

Disney Locks in 15-Year Expansion Contract With DeSantis-Backed Florida Governing Board

Jun 24, 2024

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,...