News Briefs

A commercial real estate services giant is adding a tech veteran to its C-suite.

Anuj Kadyan will join CBRE Group Inc. as chief technology & transformation officer on May 15. He is currently a senior partner at McKinsey & Company, where he serves as co-leader of the Technology Services practice.

At McKinsey, Kadyan has advised the world's leading AI, cloud and technology companies on their core strategies, M&A and commercial operations. In addition, he has led large-scale technology and AI transformations for major companies in other industries. 

“CBRE will benefit significantly from Anuj’s extensive experience across technology, transformation and strategy,” said CBRE chief executive Bob Sulentic. “This combination will be especially powerful in helping us to further differentiate our products and to operate our business more efficiently.”

Kadyan joined McKinsey in 2009 and has worked in the New Jersey, Atlanta, London, and Delhi offices. Prior to his current role, he led the Telecom, Media & Tech Practice in India and was the managing partner for the Gurugram office. He has an MBA from Northwestern University'd Kellogg School of Management and a bachelor’s in engineering from the National Institute of Technology in India.

[READ MORE: CBRE tapped for leasing at Alston Yards project in North Carolina]

“This is an exciting time to be joining CBRE,” said Kadyan. “Data, insight and scale – combined with the right strategy – are attributes that will define success in the future. CBRE is the sector leader across all these attributes, and I look forward to working with the team to help the company fully capitalize on them to drive growth and great client outcomes.”

Headquartered in Dallas, CBRE has more than 155,000 employees serving clients in more than 100 countries.

Costco Wholesale Club will unveil its first standalone gas station in June.

The membership warehouse giant will open the 17,000-sq.-ft. station in Mission Viejo, Calif., reported USA Today, on the site of a former Bed Bath & Beyond store. The 40-pump station will be Costco’s first fuel station that is not co-located with one of its stores. Similar to the retailer’s other gas stations, it will be open only to Costco members.

A second standalone Costco gas station is planned for Honolulu, the report said. It is slated to open in 2027.

At a time of rising gas prices amid the Iran conflict, industry analysts have described Costco’s gas prices as its secret weapon, sending more customers to its locations. The company’s gas is, on average, 10 to 30 cents cheaper a gallon than at other gas stations, according to U.S. News

Costco operated 747 gas stations globally at the end of fiscal 2025, which contributed 10% of its total net sales for the year, according to its annual report.

One Beverly Hills, a planned mix-use complex in Beverly Hills, Calif., has finalized $4.3 billion in financing to complete its development.

The financing was led by J.P. Morgan and VICI Properties Inc., and is among the largest of its kind in the last decade, according to a company release. Spanning 17.5 acres, One Beverly Hills will include 200,000 sq. ft. of retail and hospitality space situated throughout 10 acres of gardens and open space. There will also be a subterranean parking garage with room for 1.800 cars.

The development, sponsored by Cain in partnership with Eldridge Industries, will connect a refurbished Beverly Hilton — home of the Golden Globes and the Milken Global Conference — and Waldorf Astoria Beverly Hills. In addition, it will introduce Aman’s first urban residences (ranging from 2,550-sq.-ft. two-bedrooms to 25,000-sq.-ft. penthouses with sweeping views) hotel and members’ club to the West Coast. (Aman has a portfolio that spans 20 countries, with 15 of its resorts and residential developments located within or close to UNESCO-protected sites.)

“The demand we are seeing from residential buyers and global brands speaks to the rarity of this project, the strength of our hospitality partners and the enduring appeal of the Beverly Hills market,” said Jonathan Goldstein, co-founder and CEO of Cain. “Together with our partners and the City of Beverly Hills, we look forward to delivering one of the most exceptional real estate destinations in North America.”

Masterplanned by Foster + Partners, the development features Aman-branded elements from Kerry Hill Architects. Landscape architecture is being led by RIOS.

Construction of One Beverly Hills started in 2024, with phased openings expected to begin in 2028.

A new study shows consumers feeling a bit better about their finances compared to last year.

Nearly half (49%) of consumers say their household’s financial situation is currently good or very good, up 1% from January, according to Numerator’s Consumer Sentiment Tracking Index for February. The index provides a comprehensive monthly view of consumer confidence, spending & saving considerations, and future financial outlook. 

In other findings, 41% of consumers are very or somewhat comfortable spending money on discretionary purchases right now, also up 1% from January. However, 32% of consumers say they are spending less overall.

Other insights from Numerator’s Consumer Sentiment Tracking Index for February are below.

•To save money, consumers are cooking at home (38.4%), shopping for items on sale (38%) and using coupons / discount codes (37.6%).

•Consumers with spare cash say they’re putting it in savings (34%), paying down debts (31%), and using it for vacationing or traveling (28%). Twelve percent of consumers say they do not have any spare cash.

•Thinking about one year from now, more shoppers believe their finances will be better a year from now (26%) than those who think they’ll be worse (21%). But the majority (53%) believe their finances will be the same.

Last year, Chick-fil-A entered the Yonkers, N.Y. market with two new locations on the same street.

Soon, Trader Joe’s will be landing in Westchester County’s largest city on Central Park Avenue, an eight-and-a-half-mile stretch of retail that runs into the town of Scarsdale where the supermarket chain already operates a location, according to a report on the Lohud news website.

"Yonkers is a vibrant community, and it's been clear to us for a long time that this city deserves a Trader Joe’s," regional vice president Sunshine Haven told Lohud. "We’re thrilled to bring a new store here and look forward to being a welcoming, friendly spot for our Yonkers neighbors to shop."

Trader Joe’s will be the second specialty grocery store to open in Yonkers within a year. Last October, Lidl opened its second Westchester location about a block away from the site where Trader Joe’s will debut.

It will be the chain’s fifth store in Westchester. Other locations are found in Larchmont, Hartsdale and Yorktown Heights, as well as Scarsdale.

[READ MORE: Survey: Americans buying cheaper brands, fewer features]