Other News
This bid for one of Boston’s largest office towers shows how the value hits keep coming
By Katie Burke CoStar News Summary: The One Lincoln St. office tower in Boston was sold for $400 million at a foreclosure auction, a sharp decline from its $1 billion valuation in 2022. The building’s previous owner, Fortis Property Group, struggled with high... Read More
Legislators look to fine-tune Florida’s affordable housing law
By Joshua S. Andino CoStar News Summary: Florida lawmakers are updating the state’s affordable housing law, the Live Local Act, to address challenges developers face and streamline housing construction. The law, introduced in 2023, provides tax incentives for... Read More
AT&T’s $850 million sale-leaseback deal serves as model for future transactions
By Candace Carlisle CoStar News Summary: AT&T has sold over 13 million square feet of underutilized real estate to Reign Capital for more than $850 million in a sale-leaseback deal. The transaction involves 74 central offices across 23 states, which were... Read More
Advance Auto Parts puts more than 200 stores on the market
By Linda Moss CoStar News Summary: Advance Auto Parts has engaged Hilco Real Estate to sell over 200 of its stores and leases across 46 states, as part of a strategy to downsize its physical footprint. This portfolio includes both owned properties and leased... Read More