Top news for real estate pros
Why Hines might have Toronto's newest towers for years to come
Hines executive Avi Tesciuba suggests the market for what he calls AAA towers, the highest-end properties, may be undersupplied, with the first tower of the 3 million-square-foot CIBC Square in Toronto fully leased and the second nearly leased out.
End of an era: How Taylor Swift's historic tour rewrote the rules for the hotel industry
Hoteliers saw occupancy and rates surge during Taylor Swift's Eras Tour stops, with cities like Indianapolis, Warsaw, New Orleans, and Toronto reporting year-over-year rate increases exceeding 100%, according to CoStar data.
Office-to-residential conversions will become old hat as other types of transformations emerge, Gensler says
Office-to-residential conversions have dominated commercial property adaptations post-pandemic, but Gensler predicts a broader range of conversions will emerge, driven by improved financing, updated zoning laws, and advanced design tools.
How Hollywood plans on cleaning up its act
Hollywood is working to revitalize its economy and image with updated zoning, development incentives, and a tourism tax for safety measures as it prepares for major events such as the 2028 Olympics, following setbacks from the pandemic and industry strikes.
Albertsons sues Kroger, ending blockbuster grocery merger
Just a day after a federal judge blocked their proposed $24.6 billion merger, Albertsons Companies filed a breach-of-contract lawsuit against Kroger , seeking a $600 million breakup fee and billions of dollars in damages.