CoStar News

?? Mortgage rates have been steady in recent weeks, with the 30-year fixed-rate averaging 6.65%, encouraging some homebuyers to enter the spring housing market. That's showing up already as pending sales rose 2% in February thanks to lower borrowing costs and more available listings. Learn more here: https://bit.ly/4iJSLZb

The impact of something new: Netflix House is expected to draw visitors and shoppers back to Galleria #Dallas by transforming a former Belk department store into an immersive entertainment destination with themed dining, live events, and exclusive merchandise. David Pratt and Daniel Goldware of Trademark Property Company, Katie Rambie of SHOP Companies, and Joel Stephen of CBRE played key roles in securing the deal, which earned a 2025 #CoStarImpactAward for lease of the year. ??

Dollar Tree Stores is offloading Family Dollar at a bargain basement price, roughly $1 billion, after spending about a decade of unsuccessfully trying to turn around the chain and finally searching for a buyer. The discount giant has agreed to sell Family Dollar to Brigade Capital Management, LP and Macellum Capital Management, activist private equity firms that previously attempted to take department store retailer Macy’s private. The deal is expected to close in the second quarter, possibly by June. Read the full story below.

The UK #realestate market appears to be on the upswing, with average yields tightening and office leasing showing strong momentum at the end of 2024, though performance varies across sectors and regions — a topic CoStar’s Patrick Scanlon explores in-depth during his interview with GRI Club CEO Gustavo Favaron. Gain more insights here: https://bit.ly/4c4aMix

? ?? Could a former house of worship become your dream home? As shrinking congregations put more churches on the market, buyers are increasingly drawn to these unique homes, featuring Gothic windows, thick stone walls, and spiral staircases leading to former bell towers. When churches are no longer used for worship, they are most often converted into residences, a “tried and true” approach that typically yields strong returns, according to Ward Miller of Preservation Chicago. Learn more about why these unique properties are drawing heightened interest: https://bit.ly/42ejffz

Net Lease Office Properties, a spin-off of real estate investment trust W. P. Carey Inc., has listed for sale an iconic piece of #LosAngeles #architecture known as the Binoculars Building, with the roughly 79,000-square-foot office property testing the market as it struggles to regain its post-pandemic footing. Read more here: https://bit.ly/423jnNx

?? Bought a home for the first time? We want to hear from you, the homebuyer who discovered loopholes, downpayment assistance programs or thought of creative ways to turn a goal into a reality. ?? Share your experience by Monday, March 31: https://bit.ly/4288zOl

Stay up-to-date on the latest hirings and promotions in the #CRE industry, ?? Kristina D’Amico joined JLL as a vice president in the real estate services firm's hotels and hospitality group. ?? Newmark expanded its valuation and advisory services practice by promoting Jay Booth, Norm LeZotte, MAI, and Robert Vodinelic, MAI, MRICS to regional managing directors for the West, South, and Midwest-Northeast regions, respectively. ?? Multifamily developer Aventon Companies hired Jeff Furman as senior managing director as it looks to expand operations in North Carolina and other states in the Southeast. Discover more here: https://bit.ly/41ITT9w

?? ?? New home sales are on the rise, likely the result of a dip in mortgage rates combined with homebuilder incentives to drum up demand, with February's seasonally adjusted annual rate reaching 676,000—up 1.8% from January and 5.1% year over year. Learn more here: https://bit.ly/41YLxt5

Major U.S. #office markets, including New York, San Francisco, Austin, Washington, D.C., and Miami, are showing signs of stabilization as a push for in-office work and renewed corporate leasing help drive recovery, though the rebound remains highly localized and concentrated in top-tier buildings and prime locations. "We have clearly reached a point of stabilization that has helped the path to recovery emerge," Jessica M., CBRE’s U.S. director of office research. Click below for more insights into the largest U.S. office markets.