Take a look inside new River & Rich residential units in East Franklinton (slideshow)

Residents are moving into East Franklinton’s newest space. The $40 million River & Rich development features studio, one-bedroom and two-bedroom apartments from 501 square feet to 1,414 square feet that cost $959 to $2,349 a month. The space also features a small number of live-work units. River & Rich will have 230 one- and two-bedroom … Read more

Family company buys 10th Triad shopping center

A Triad shopping center has been purchased by a familiar owner of Triad commercial property. The Bedrin Organization of New Jersey purchased Club Haven in Winston-Salem for $7 million in a deal that closed Thursday. The shopping center is the 10th in the Triad owned by Bedrin, which acquired Gate City Shopping Center and Hunt … Read more

Councilman asking Terrace Plaza become local historic landmark

Cincinnati City Councilman David Mann is asking the Historic Conservation Board to make the Terrace Plaza Hotel a local historic landmark. Mann filed an application for local historic designation for the building, located at 15 W. Sixth St. The local historic designation would add a layer of protection to the building, Mann said. “It helps … Read more

Winston-Salem firm buys another Triad medical property for $1.9 million

A commercial real estate firm in Winston-Salem that’s active in the healthcare space has made yet another multi-million dollar purchase.  Medical Realty Advisors II LLC bought the building at 137 Mount Calvary Road in Thomasville from Davidson Professional Center LLC for $1.9 million, according to a deed filed with the Davidson County Register of Deeds. The … Read more

Massive At Home store landing in Leesburg

At Home, the big-box home décor store, will open its first Loudoun County outpost at the Peterson Cos.’ Compass Creek development. The 88,000-square-foot At Home (NYSE: HOME) will be located along Compass Creek Parkway, south of Battlefield Parkway, adjacent to a massive, 194,000-square-foot Walmart (NYSE: WMT) supercenter scheduled to open this year. Across Compass Creek … Read more

Whole Foods may take over shuttered Sears stores, reports say

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

Whole Foods may take over shuttered Sears stores, reports say

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

Biotech to create 170 jobs, invest $28M in new Rockville HQ

London-based Autolus Therapeutics said Monday it plans to create up to 170 jobs at its new U.S. headquarters and manufacturing facility in Rockville over the next three years and invest about $28 million in the 85,000-square-foot project planned for the Shady Grove Life Sciences Center. The project will get a boost from a $200,000 Economic … Read more

Baltimore again tops in U.S. for bed bugs

For the third straight year, Baltimore is No. 1 on Orkin’s list of the top 50 cities for bed bugs. The list is based on treatment data from the metro areas where Orkin performed the most bed bug treatments from Dec. 1, 2017 – Nov. 30, 2018. The ranking includes both residential and commercial treatments. Washington, D.C., again … Read more

Multifamily developer gets land loan for Galleria-area condo tower

Houston-based Pelican Builders Inc. has received a loan to buy land for a new condominium tower in the Galleria-Tanglewood area. Mission Capital Advisors’ Debt and Equity Finance Group arranged a $7.3 million non-recourse land loan for Pelican’s acquisition of 5656 San Felipe St., according to a press release. The 1.26-acre site currently houses several small … Read more

Larry Flynt debuts new ABQ retail store

Famed pornography producer and first amendment advocate Larry Flynt made an Albuquerque appearance Saturday to kick off the opening of his new Hustler Hollywood adult retail shop. Dozens of people lined up to meet the 76-year-old Flynt, some waiting for over an hour. While many brick-and-mortar chains are struggling, Vice President of Retail Philip Del … Read more

Amazon close to leasing space in the Chrysler Building

Amazon.com Inc. wants to take over about 10,000 square feet in the Chrysler Building. The Seattle-based e-commerce giant (NASDAQ: AMZN) — which already has N.Y.C. space at Hudson Yards and, potentially, in Long Island City — is close to leasing a large store in the renowned Midtown Manhattan skyscraper. The news, first reported by the … Read more

Biotech to create 170 jobs, invest $28M in new Rockville HQ

London-based Autolus Therapeutics said Monday it plans to create up to 170 jobs at its new U.S. headquarters and manufacturing facility in Rockville over the next three years and invest about $28 million in the 85,000-square-foot project planned for the Shady Grove Life Sciences Center. The project will get a boost from a $200,000 Economic … Read more

This is where Sen. Gillibrand would run a presidential campaign in downtown Troy

U.S. Sen. Kirstin Gillibrand picked a historic building on a prominent corner of downtown Troy as the headquarters for a presidential election campaign if she announces a run for the White House. The Albany Business Review learned Gillibrand, a Democrat, chose office space inside the Frear Building at the corner of Fulton and Third streets. … Read more

Report: Carroll not involved in downtown High Point hotel project

Roy Carroll won’t build the hotel near the BB&T Point stadium in downtown High Point after all, according to a report in the High Point Enterprise. The report says the Carroll Cos. of Greensboro is no longer involved in the $17 million, 120-room hotel that leaders of the downtown redevelopment initiative hope to open in … Read more

Montgomery County's new executive plans aggressive business recruitment efforts

When Marc Elrich served as an at-large member of the Montgomery County Council, he criticized the county for failing to proactively recruit businesses from outside the state. “They didn’t go to trade shows,” said Elrich, a Democrat who was elected county executive in November and replaced Ike Leggett who stepped down after 12 years. “They … Read more

Deals Day: Boston fitness concept makes first foray into DFW

After seeking millions of dollars in capital, a Boston-based fitness concept is entering the Texas market with two Dallas-Fort Worth locations. Fit Factory, which filed a Form D in October looking to raise $33 million, plans to build 10 facilities in North Texas ranging between 25,000 and 40,000 square feet. One, set to be located … Read more

Charter school will move into former McNally Smith building

The former McNally Smith College of Music building will be a school again later this year, as an east-side charter school takes up residence there. The Pioneer Press reports on the plans for Upper Mississippi Academy, which expects to begin classes in the downtown St. Paul college building this fall. The charter school currently has … Read more

Bridgeville developer seeks to add 9-story building to Strip District

RDC Design + Build, the Bridgeville-based developer behind the District 15 office building in the Strip District, has plans to construct an even larger building in the neighborhood. According to a report in the Pittsburgh Post-Gazette, the company is planning to construct a nine-story mixed use building at 15th and Smallman streets, right next to … Read more