Sears gets $5 billion 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 on Jan. 9, reportedly making a $5 billion bid. Sears, a 126-year-old retailer, filed for bankruptcy protection on Oct. 15. If it were to liquidate, hundreds of stores would close, and thousands of … Read more

Denver hotel group acquires historic Taos property

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

Legacy West opts for office space in next phase

Legacy West has swapped out plans for a hotel within its next phase, opting instead for office space, according to a report from the Dallas Morning News. What was previously announced as a boutique hotel with retail space has been tweaked to include 87,000 square feet of office space and more than 24,000 square feet … Read more

BlackRock cuts staff, hopes to streamline businesses

BlackRock Inc., with a major office in San Francisco, is cutting about 500 jobs as part of an effort to streamline parts of its business. The New York-based money manager (NYSE: BLK), touted as the biggest with $6.4 trillion in assets under management, began laying off staffers Thursday, according to The Wall Street Journal. The cuts … Read more

United Properties wins appeals in effort to build downtown Gateway tower

United Properties will be allowed to build a covered hotel vehicle entrance and sky-high sign for RBC Wealth Management on its planned downtown Minneapolis tower thanks to a decision by the Minneapolis Zoning and Planning Committee Thursday. The committee overruled several conditions that were placed on United Properties in its years-long effort to build what … Read more

Construction to begin on Soul Fish's fourth area location

A building permit valued at $300,000 has been filed for a popular restaurant’s new Wolfchase location. Soul Fish Café, which is known for its fried catfish and fresh vegetables, will open its fourth Memphis-area restaurant at 8413 U.S. 64 in the Wolfchase Galleria-area. The restaurant will be directly east of an existing McAlister’s Deli and … 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

Experts to talk opportunity zones at BBJ panel

Opportunity zones are expected to be one of the hottest topics in Birmingham’s business world in 2019. The new program, which is part of the federal tax reform package, allows individuals or corporations to roll unrealized capital gains into opportunity funds that can be used for investment in startups and small businesses, as well as real … Read more

Dayton-area bank to open new $2M branch

A Dayton-area bank is rebranding and will soon open its fourth location. New Carlisle Federal Savings Bank plans to build a second branch in Springfield on North Limestone Street. The 5,500-square-foot new building will be about a $2 million investment, according to NCF Savings Bank Marketing & Community Development Manager Jordan Tyler. The branch is … Read more

County facilities authority seeks bond agreement to finance $210M Hilton tower

As the development team comes together on the look for the new Hilton Columbus Downtown expansion, the plan to finance the project also is being refined. The Franklin County Convention Facilities Authority has approached Columbus and Franklin County officials with its plans to finance the $210 million, 28-story hotel tower with two sets of 30-year … Read more

Amazon will be a magnet for D.C.-area talent, a new survey finds. That's not good news for current employers.

Amazon.com Inc. will not have a problem finding qualified employees for its Arlington headquarters campus, according to a new survey. Actually, it might have to turn people away. Arlington, Virginia-based Eagle Hill Consulting enlisted Ipsos to survey a random sample of 1,007 Greater Washington workers on aspects of the HQ2 announcement and its impact on … Read more

NC legislation boosted Honeywell incentives package by up to $10M, records show

It was the hefty incentives package that North Carolina, Charlotte and Mecklenburg County put on the table that ultimately sealed the deal for Fortune 100 electronics manufacturer Honeywell International Inc. to relocate its headquarters to the Queen City. That’s not exactly new information. But public records submitted to Charlotte Business Journal from the N.C. Department … Read more

Sears gets $5 billion 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 on Wednesday in which a $5 billion bid was made, reports say. Sears, a 126-year-old retailer, filed for bankruptcy protection on Oct. 15. If it were to liquidate, hundreds of stores would close … Read more

BlackRock cuts staff, hopes to streamline businesses

BlackRock Inc. is cutting about 500 jobs as part of an effort streamline parts of its business. The New York-based money manager (NYSE: BLK), touted as the biggest with $6.4 trillion in assets under management, began laying off staffers Thursday, according to The Wall Street Journal. The cuts make up roughly 3 percent of BlackRock’s more … Read more

Colliers names new Phoenix office research director

Thomas Brophy has been named research director for the Colliers International Arizona office. “Tom brings an exciting level of expertise and energy to our team,” said Bob Mulhern, senior managing director of Colliers International in Arizona, in a statement. “His creative outlook on the future of data synthesis will significantly enhance our client service in … Read more

Nominations underway for inaugural Building San Antonio Awards

Nominations are being accepted online for the San Antonio Business Journal’s 2019 Building San Antonio Awards. The inaugural Building San Antonio Awards will be held May 9; the time and venue are to be determined. This new event aims to celebrate excellence in commercial real estate development in 2018, including those in professions vital to … Read more

Sears gets $5 billion 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 on Wednesday in which a $5 billion bid was made, reports say. Sears, a 126-year-old retailer, filed for bankruptcy protection on Oct. 15. If it were to liquidate, hundreds of stores would close … Read more

Newly released records reveal NC legislation boosted Honeywell incentives package by up to $10M

It was the hefty incentives package that North Carolina, Charlotte and Mecklenburg County put on the table that ultimately sealed the deal for Fortune 100 electronics manufacturer Honeywell International Inc. to move its headquarters to the Queen City. That’s not exactly new information. But public records submitted to the Charlotte Business Journal from the N.C. … Read more