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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
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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
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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
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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
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By Katie Burke, CoStar News Summary: Elon Musk Elon Musk, co-leader of the newly formed Department of Government Efficiency, plans to enforce a full five-day workweek for all federal employees as part of efforts to slash government spending and regulations. Musk and... Read More
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The Citadel CEO owns a 4-acre site in Miami, but not a 22-story condo there. Now someone has been amassing units. By Deborah Acosta | Photographs by Martina Tuaty for WSJ | Nov. 18, 2024 5:30 am ET Summary: The article “Ken Griffin and the Big Miami Real-Estate... Read More