Hoopili on the map

After more than 10 years of planning and 18 months of construction, turning over the first key was more than a business transaction for Bruhl,

MoCo's new county exec 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

What the government shutdown means for your mortgage

The partial federal government shutdown is complicating the already complicated process of getting and managing a mortgage. For one thing, the political storm is like severe weather at a major airport: You can expect minor delays or worse. And if you’re among the 800,000 federal employees going without a regular paycheck, it could mean trouble … Read more

Gap to close store at CambridgeSide Galleria

Gap Inc. will close its store at the CambridgeSide Galleria mall in East Cambridge on Jan. 28, a representative from the company has confirmed. The Gap (NYSE: GPS) at CambridgeSide is located on the mall’s third floor, where New England Development plans to convert 140,000 square feet of retail into office space. It’s not clear … Read more

Spike Mendelsohn's latest venture opens inside The St. James

Greater Washington is flush with celebrity chefs and high-end fitness centers. The St. James, as of this week, has both. Chef Spike Mendelsohn has opened Vim & Victor, a full-service restaurant and grab-and-go counter, at the mammoth sports, wellness and entertainment center in Springfield. “I have a real passion for sports and leading an active … Read more

NHL legend Ron Francis joins Raleigh real estate firm

The Triangle’s commercial real estate scene has a new recruit. Ron Francis, who played 23 seasons in the National Hockey League and became general manager of the Carolina Hurricanes, is changing careers. He will join NAI Carolantic Realty, which Chairman Steve Stroud founded in 1972. “It’s been a long time since I’ve been the rookie,” … Read more

Rotunda retail space almost fully leased with new tenants on the way

Local smoothie shop Pure Raw Juice, frozen custard chain Rita’s and fitness studio Club Pilates are all on the way to The Rotunda in Hampden as the shopping center fills its final retail spaces. Storefronts at The Rotunda are 94 percent leased, according to Alli Oliver, who recruits retail tenants for the center. Since anchor … Read more

Pr. George's shopping center acquired by New York investment trust

A New York-based real estate investment trust has entered Greater Washington with the acquisition of East Gate Shopping Center in Lanham. ShopOne Centers REIT Inc. says part of its acquisition criteria for shopping centers includes national anchors and regional tenants and being well-positioned within the market’s strongest retail corridor. While the terms of the acquisition … Read more

OP will consider first building at Brookridge: a 6-story mixed-use tower

The Overland Park Planning Commission on Monday will weigh plans for the first construction on the proposed $1.8 billion redevelopment of the former Brookridge Country Club. The six-story building would have 13,000 square feet of ground-floor retail topped by 317 apartments, the Shawnee Mission Post reports. It also would include a multilevel “residential clubhouse” and … Read more

KC moves ahead on two big downtown projects

The Kansas City Council pushed forward two big building projects — one at 13th and Main streets and one at Third Street and Grand Boulevard in the River Market — after taking a timeout on the proposals in December. The projects eventually could house as many as 1,800 jobs, and the council signed off on … Read more

Strong Atlanta office market forecasted for 2019

The past year was a period of adjustment for the Atlanta office market. The rapid expansion seen from 2015 through 2017 slowed considerably, several corporate consolidations brought large blocks of space back on the market, and rent growth continued in the core submarkets. The resulting market fundamentals reflected this “pause.” Sentiment, though, lies in stark … Read more

2019 forecast for new research labs: Construction innovations help accelerate scientific discoveries

Researchers and other scientists who have access to high-performance research laboratories are pioneering breakthrough discoveries in medicine, science and biotechnology. From the medical solutions that are the hallmark of Washington University to the vital research that will take place at the National Bio and Agro-Defense Facility (NBAF) in Manhattan, Kansas, sophisticated lab environments support the … Read more

Aveda to sell Aveda Institutes in Minneapolis, New York

The Aveda Institute in Minneapolis, one of the brand’s more prominent operations from its days as a Twin Cities-based beauty empire, will be sold to a distributor that already runs many of Aveda’s beauty schools.  The Star Tribune reports on the move by Neill Corp. of Hammond, La., which will take over the Aveda Insitute … Read more

Nominate your Nashville commercial real estate power player

Know someone helping to sketch Nashville’s new skyline? Nominate them today. Nominations for the Nashville Business Journal’s 2019 Power Leaders of Commercial Real Estate awards are now open, and we need your help to find this year’s winners. After nominations close on March 10, we’ll open a round of closed voting for the nominees to … Read more

Sears gets $5B offer from former CEO's hedge fund

Hedge fund manager Eddie Lampert has increased his bid for Sears Holding Corp. Through ESL Investments, Lampert met a 4 p.m. deadline Wednesday in which a $5 billion bid was made, reports say. Lampert, who founded ESL Investments, also is the former CEO of Sears, though he remains chairman. Sears, a 126-year-old retailer, filed for … Read more

Apartments near Regency Square Mall sold for $23.2 million

A 262-unit apartment community near the Regency Square Mall in Arlington has sold for $23.2 million. Moncler Landings, at 401 Monument Road, was purchased by Tampa-based Carter Multifamily. It was previously sold in 2014 for $13,525,000. CBRE’s Shelton Granade, Cliff Taylor and Joe Ayers represented seller Woodcreek LLC in the most recent sale, which closed … Read more

RedLeaf tapped to bring new life to Cedar Park's Bell Boulevard; Offices, shops, homes on tap

Cedar Park City Council voted unanimously Thursday to pick Austin-based RedLeaf Partners LLC as master developer for the Bell Boulevard revitalization project. The city and RedLeaf will spend much of the rest of 2019 hammering out an exclusive negotiation agreement and then a master developer agreement. Assistant City Manager Katherine Caffrey said the vote represented … Read more

Maryland health care provider expands in Prince George’s

Maryland health care provider CCI Health & Wellness Services is expanding to meet the growing demands of its patients. The Silver Spring-based nonprofit, which has 15 offices in Maryland, is moving into a new 13,000-square-foot facility in Greenbelt for its Women, Infants and Children — or WIC — programs, and medical services. The practice will … Read more

Popular Midtown Trader Joe’s shopping center, cinema sold

The new owner of Krog Street Market has acquired another popular intown property.  Charlotte, N.C.-based Asana Partners bought Midtown Promenade, a busy shopping center near Piedmont Park and the Atlanta Beltline that includes Trader Joe’s and the Midtown Art Cinema, along with restaurants such as MetroFresh and Apres Diem. The price was not disclosed. Ackerman-Midtown … Read more

Perhaps the best falafel joint in NYC is expanding to D.C.

New York City’s popular falafel chain Taïm is coming to Georgetown. Taïm, which operates in five Manhattan locations, has agreed to lease 1,619 square feet at 1065 Wisconsin Ave. NW. H&R Retail’s Sebastian Restifo and Lawrence Hoffman represented the tenant. The fast-casual falafel company made headlines early last year when its founder, Israeli-born Chef Einat … Read more

Health care group relocating headquarters in southwest Fort Worth

A health care provider is picking up its headquarters and relocating to a newer building in southwest Fort Worth. Caregiver, Inc., which specializes in intellectual and developmental disabilities, is moving its main operations into a 22,511 square-foot building at 4800 Overton Plaza, less than a mile from its current location at 4100 International Plaza. “Culture … Read more

Report: Gillibrand leasing Troy office for possible presidential run

Representatives of Sen. Kirsten Gillibrand signed a lease for a 5,000-square-foot office in downtown Troy as the New York Democrat considers running for president in 2020, according to The Times Union. The newspaper cited an unnamed local Democratic operative as its source. The report followed an Associated Press story Thursday afternoon that Gillibrand was considering … Read more

Largest Milwaukee-area building maintenance firms

Information was gathered from surveys and interviews with building maintenance firm representatives and is ranked by average square feet cleaned daily in the seven-county Milwaukee area. Only those firms that responded by press deadline and supplied the ranking criteria were considered. Circled items indicate prior rank. NA – Not available.