myNOI The largest company in the Dayton region has acquired a former bank property. Speedway LLC recently purchased the former Community National Bank building at 50 Spring Valley Pike in Centerville for $700,000, according to Montgomery County property records. Steve Ireland of Miller-Valentine Group was one of the brokers in the transaction and said the 3,900-square-foot … Read more
Germany’s economic growth slowed in 2018 to the weakest rate in five years, adding to worries about a global downturn and the impact of trade conflicts.
British lawmakers overwhelmingly rejected Prime Minister Theresa May’s divorce deal with the European Union on Tuesday, plunging the Brexit process into chaos and triggering a no-confidence vote that could topple her government.
The founder of China’s Huawei, the world’s biggest supplier of network gear to phone and internet companies, says his company would not share secrets about its customers and their communication networks.
Global stock markets mostly rose Tuesday as after Chinese officials set out plans to support the world’s second-biggest economy through a slowdown. Investors were also looking at corporate earnings as well as a vote later by the British parliament on a Brexit deal that has drawn strong opposition at home.
Suddenly, cash is king again.
Doug and Mary Ketchum chose Memphis, Tennessee, as a place to live with their disabled adult daughter because it has clearer air than their former home in Utah.
The Environmental Protection Agency hit a 30-year low in 2018 in the number of pollution cases it referred for criminal prosecution, Justice Department data show.
An Arab economic development summit that Lebanon is hosting this weekend has been marred by controversy days before delegates arrive.
China plans to slash taxes, step up spending and provide ample financing to private and small enterprises to help counter the country’s worst slowdown since the global financial crisis and the impact of a bruising trade war with the U.S.
Gymboree Corp., which has five children’s clothing retail stores in Hawaii, is expected to file for bankruptcy protection this week and plans to close all 900 of its stores. The report of a planned liquidation would be the second bankruptcy in less than two years for Gymboree, which emerged from Chapter 11 reorganization in the … Read more
Working next to the old Highway 99 was “like living with your grumpy old, disheveled uncle (who’s) loud and obnoxious and never shuts up,” says a Miller Hull exec.
Jenai S. Wall, chairman and CEO of Hawaii-based Foodland Super Market Ltd., plans to step down from the board of Alexander & Baldwin Inc., citing a potential for an increasing number of transactions between her company and the commercial real estate company. In a letter dated Jan. 9, Wall told Alexander & Baldwin (NYSE: ALEX) … Read more
An 11-story downtown Milwaukee office building anchored by law firm Husch Blackwell secured the last major city approval needed before it can break ground in April.
Ongoing issues relating to water and sewer infrastructure have prompted a number of major homebuilders active in Charlotte to file a class-action lawsuit against the city and Charlotte Water. D.R. Horton, True Homes, Lennar Carolinas, CalAtlantic Group, David Weekley Homes and Shea Homes are among a group of developers that say they have paid unlawful … Read more
Par Pacific Holdings Inc., which owns Hawaii’s only operating oil refinery, has closed on its acquisition of U.S. Oil & Refining Co. and its refining and logistics businesses in the Pacific Northwest for $358 million. Par Pacific (NYSE: PARR) said Monday that the transaction was financed with proceeds from a $250 million Term Loan B … Read more
The Food and Drug Administration said it will resume inspections of some of the riskiest foods such as cheeses, produce and infant formula as early as Tuesday.
Imprint Hospitality, a Denver-based hotel management company, has acquired the Historic Taos Inn, the company announced in a press release this week. Imprint will take over management at the Inn and begin a 24-month renovation plan for the property. “We are planning many updates for the accommodations and the beloved Doc Martin’s Restaurant,” said Matt … Read more
The company that owns the Downtown Anasazi building has listed the unit’s first floor commercial space for sale.
Sears and Kmart are vacating commercial real estate spaces. Will Whole Foods take over some of those spaces?
The Omni Riverway Hotel, which reopened in November after suffering significant flooding during Hurricane Harvey, offers a completely reimagined nightclub, spa and wellness center, speakeasy-style whiskey lounge and more. The 378-room hotel’s multimillion-dollar renovation covered an entire rebuild and redesign of the first floor. The renovation was reported to be valued at $30 million, but … Read more
Broomfield submitted two sites for Amazon’s HQ2, according to information obtained by Denver Business Journal.
The partnership involves moving Arizona Department of Transportation’s Northern Arizona headquarters into a redeveloped former Harkins Theatres complex.
Remaking Cities director notes how downtown Pittsburgh is nearing or surpassing standards of vitality established by the Urban Land Institute
Will Whole Foods Markets take over some of the vacated spaces left by closed Sears and Kmart stores? It’s being considered, according to reports. According to YahooFinance, the Austin, Texas-based grocery store chain, now owned by Amazon.com Inc. (Amazon acquired Whole Foods in 2017 for $13.7 billion), is looking at moving into empty commercial real … Read more
Some of Houston’s most volatile submarkets were home to the city’s largest leases at the end of 2018.
A Bowser administration official has approved the long-planned transformation of the West Heating Plant in Georgetown into about 80 luxury Four Seasons condominiums, a key step toward ending a protracted debate over the World War II-era building’s historic redevelopment. Peter Byrne, a hearing officer for the D.C. Mayor’s Agent for Historic Preservation, issued an order … Read more
A Chinese court sentenced a Canadian to death in a sudden retrial of his drug smuggling case, while another Canadian man has been denied diplomatic immunity, ratcheting up the tensions following Canada’s arrest of a top Chinese technology executive last month.
British Prime Minister Theresa May made a frantic last push Monday to swing lawmakers’ support behind her seemingly doomed Brexit deal, warning that its defeat risked scuttling the U.K.’s departure from the European Union and “betraying the vote of the British people.”
The U.S.-China trade war has delayed but not derailed Chinese automaker GAC Motor’s plans to enter the American market, company officials said Monday.
Federal officials plan to ease restrictions on flying drones over crowds and at night.
A hedge fund-backed bid to buy Gannett Co., the publisher of USA Today and several other major dailies, is renewing fears of consolidation and job losses — as well as a decline in the quantity and quality of news coverage — in the already battered newspaper industry.
No U.S. city added more legal services jobs between 2015 and 2017, according to CBRE. Major national and international firms are opening offices in Austin or expanding their leases, and they aren’t afraid of the rising rents that have pushed some homegrown firms out of downtown.
New York-based burger chain Shake Shack Inc. (NYSE: SHAK) just opened its latest Houston location in December and is gearing up for its next. A spokesperson for the company confirmed that Shake Shack will open a 3,242-square-foot location at 702 Main St. this summer. The new location replaces the Brown Bag Deli at the corner … Read more
The full-service firm is leasing 10,000 square feet.
A Birmingham real estate company recently sold its senior living properties, including a major one in the Birmingham metro area. Dominion Partners sold a nine-property senior living portfolio, as well as its Somerby Senior Living operating company and brand. An affiliate of Bridge Investment Group was the buyer, as we reported. Financial terms of the … Read more
I’m excited to announce that I’ll be taking over the commercial real estate beat starting this week. But first, some background: I joined the Kansas City Business Journal as special sections editor about a year ago, after a year-long stint reporting in western Massachusetts. However, during the past six months, my job steadily included more … Read more
The entrepreneur and a co-founder of what had been known as Benjamin’s Desk will be involved in a proposed development project in University City.
U.S. Department of Veterans Affairs wants to lease approximately 4,700 square feet of Class A office space in Wichita.
Cielo Property Group has bought an undeveloped site in downtown Austin from the Episcopal Church. A mixed-use tower is in the works for the site next to the city’s primary homeless shelter.
A Birmingham bar offering funky and sour wild ales is relocating. The Sour Room at Avondale Brewing Co. closed New Year’s Eve and plans to reopen at 207 41st St. S. in about eight weeks. Build out work is expected to begin in a week’s time. Along with a new band green room, The Sour … Read more
Will Whole Foods Markets take over some of the vacated spaces left by closed Sears and Kmart stores? It’s being considered, according to reports. According to YahooFinance, the Austin, Texas-based grocery store chain, now owned by Amazon.com Inc. (Amazon acquired Whole Foods in 2017 for $13.7 billion), is looking at moving into empty commercial real … Read more
Suddenly, cash is king again.
This would be part of an industrial development boom in Broward County.
Last February, Thornwood developer Spence Ray told the Memphis Business Journal that the project’s 250-unit apartment complex and 148,000-square-foot mixed-use building were set to open by the end of summer 2018. That didn’t quite happen. “With the weather and the type of construction it is … we didn’t have our arms around the schedule as … Read more
A 37-unit condo building is planned in Virginia-Highland along the Atlanta Beltline. Architecture firm Square Feet Studio submitted a rezoning request for the project at 675 Drewry Street. It would take the site of a low-rise warehouse that currently houses studio space and would sit across the Beltline trail from the Home Depot store at … Read more
The developer that just bought 204 acres next to Chatham Park plans to ask the town of Pittsboro for mixed-use zoning on the site.
The city’s planning, design and development department is heading up a lobby renovation of the Charlotte Mecklenburg Government Center in uptown to build a “one-stop shop,” where a staff member from city departments involved in the often permitting process will be available to work with developers. The goal of the project in the city’s adopted … Read more
In January 2018, the Ocean Resort Casino had a new owner who called the more than $200 million purchase of the vacant former Revel a “dream come true.” A year later, Bruce Deifek is reportedly ready to hand the keys to the casino over to a new majority ownership group. The Associated Press reported last … Read more
The city of Cincinnati laid out conditions for its participation in the next phase of the Banks riverfront development – mainly that the county initially pay the total cost of the parking garages that need to be built to lift a potential music venue and park out of the floodplain. City Manager Patrick Duhaney described … Read more