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The Purple Line light-rail project linking New Carrollton with Bethesda is at least a year behind schedule, with delays adding upward of $215 million to the price tag, The Washington Post reported Thursday. The development team for the light rail line, Purple Line Transit Partners, has informed the state that opening by February 2023 is … Read more

Chevy Chase Pavilion could soon take on a new image. New York City-based Clarion Partners, owner of the mixed-use center at 5335 Wisconsin Ave. NW, is considering converting existing retail to medical office space, according to a Dec. 24 zoning determination letter issued by a D.C. zoning official. That’s because a portion of the nearly … Read more

In a story Jan. 9 about television ratings for President Donald Trump’s prime-time speech Tuesday, The Associated Press erroneously reported the estimated number of viewers. The Nielsen company’s public report about the number of viewers did not include people who watched on CBS, because the network’s contract with Nielsen expired at the end of last … Read more

U.S. long-term mortgage rates continued to fall this week, reaching their lowest levels in nine months.

American Airlines said Thursday that its fourth-quarter revenue and full-year 2018 profit will be lighter than previously expected, raising investors’ fears that airlines are discounting too many seats because of cheaper fuel.

Eight shovels, engrained with the name “Sunport South Business Park,” across the front, dug into the barren New Mexico dirt Wednesday afternoon, symbolizing the beginning of a massive development project. Over the years, the hope is that the dirt will turn into a massive business hub for e-commerce, warehousing, distribution, manufacturing and fabrication off Interstate 25. … Read more

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

Sustainable Development Partners already has transformed the former Westport Junior High into Plexpod Westport Commons, a bustling coworking campus with 600-plus members. Now, the developer is ready to breathe new life into the former Westport High School across the street.  Sustainable Development Partners detailed its plans Wednesday during Kansas City’s Planning, Zoning & Economic Development … Read more

The Vollman Co., one of the region’s oldest boutique commercial real estate brokerages, is under new ownership.

Plans changed when the company moved its headquarters to South Carolina and closed down its local operations.

Forget about “What have you done for me lately?” The big question investors will be asking companies this upcoming earnings season is: What will you do next?

This sector is the strongest it’s been in years.

A new brewery with a beer garden/patio is planned for a familiar spot in the Triad. Eric and Seth Kevorkian of Greensboro will open SouthEnd Brewing Co. in the former Gibb’s Hundred Brewing Co. at 117 W. Lewis St. in downtown Greensboro. Gibb’s moved to 504 State St. last spring. The property is owned by … Read more

Doctors who specialize in female pelvic medicine say lawsuits by four states, including Washington and California, over products used to treat pelvic floor disorders and incontinence might scare patients away from the best treatment options — or maybe even push the products off the market.

A $94 million project is planned on the site.

Charleston, S.C. developer Greystar wants to rezone 4.5 acres on Hill Street for a four-story apartment building with 172 active adult apartments. The project also includes eight townhouses

The building will feature decks overlooking the baseball field.

The Broken Sound Club in Boca Raton has unveiled a $30 million renovation and expansion plan for the membership-only country club. Not only is the Broken Sound Club connected to over 16,000 homes and a golf course, it’s near one of South Florida’s largest business parks, the Park at Broken Sound. Membership is mandatory for … Read more

Boston-based industrial REIT closes 2018 with second big December buy in region

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-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 employee … Read more

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 the Charlotte Business Journal from the N.C. … Read more

A project timeline hasn’t been set in stone yet, but a Margaritaville Beach Hotel is definitely on its way to Jacksonville Beach. Developer Elite Hospitality Inc. and architect ESa shared with the Business Journal a sneak peek of what the eight-story hotel, along with its restaurant, LandShark Bar & Grill, will look like once completed. … Read more

A medical office building in Cary has sold for the second time in nine months.

The Latest on Jaguar Land Rover’s job cuts (all times local):

A Dayton-area development firm is planning to revitalize around 12 acres in eastern Beavercreek. Beavercreek-based Synergy Building Systems & Mills Development acquired the acreage just north of Dayton-Xenia and North Fairfield Roads early last year as a speculative project. Synergy & Mills President and CEO Jerad Barnett previously told the Dayton Business Journal the company … Read more

A Chicago investor has bought complexes in Charlotte, Raleigh and Cary, with plans to upgrade the properties and raise rents.

Happy Thursday morning, Columbus. And then, after days of balmy January temperatures, it snowed. A few flakes here. A few flakes there. I’m no meteorologist, but I believe the term that applies is light flurries. I noticed them Wednesday morning on my way out of Clintonville, driving toward Rt. 315. Well, really, it was the … Read more

Another Capitol Square office building is set for an upgrade. The Capitol Square building at 65 E. State St. will get $2.5 million in renovations, including updates to the ground floor and lobby, with new lighting, seating, directory, green wall and artwork. Remodeling of the elevators, fitness center, public areas, patio and landscaping outside will … Read more

National Automotive Parts Association, or NAPA Auto Parts, will exit its distribution business at the 90,901-square-foot building at 4101 Wilkinson Blvd., and move to a larger one — about double the size — later this year.

Kentucky Downs claims it was not afforded due process and that the winning proposal violates statutory and regulatory criteria.

The apartments are near a public transit station.

It was supposed to be a great holiday shopping season. Many investors had expected department stores to enjoy robust sales in light of a U.S. economy buoyed by low unemployment, higher wages, strong consumer confidence and cheap gas.

Tax arrangements between sneaker giant Nike and the Dutch government are being scrutinized by European Union competition regulators, the bloc’s executive Commission said Thursday.

Dreisbach is with Stephen C. Gault Co. He tells what he loves about working in the commercial real estate industry.

Officials in Davos have authorized a protest by Socialist youth against U.S. President Donald Trump and other expected attendees of the annual World Economic Forum in the Swiss ski resort this month.

Challenging President Donald Trump to make good on his pledge to cut prescription drug prices, congressional liberals proposed legislation Thursday to bring U.S. prices in line with the much lower costs in other countries.

The headwinds buffeting the global auto industry made themselves felt in Europe on Thursday as mass-market carmaker Ford and luxury-focused Jaguar Land Rover announced sweeping restructurings that will cost thousands of jobs.

Two Dayton-area office buildings have been sold to an out-of-state investor.

An adviser to Europe’s top court says Google doesn’t have to extend “right to be forgotten” rules to its search engines globally.

Germany and Greece put years of tension over the painful Greek bailout program behind them Thursday, with Chancellor Angela praising the improvement of the country’s finances during a heavily policed visit to Athens.

Jaguar Land Rover said Thursday it will cut 4,500 jobs as the carmaker addresses slowing demand in China and growing uncertainty about the U.K.’s departure from the European Union.

A one-day strike by security staff at three German airports on Thursday is causing travel chaos for tens of thousands of travelers.

Four young men have gone on trial over the brazen theft of a 100-kilogram (221-pound) Canadian gold coin from a Berlin museum.

Nissan’s former chairman Carlos Ghosn has recovered from a fever, his lawyer Motonari Ohtsuru said Friday as the 64-year-old executive’s latest detention period was set to expire.

The rally in global stock markets faded Thursday after U.S. and Chinese officials wrapped up three days of trade talks in Beijing without any significant breakthrough.

A U.S. supplier of T-shirts and other team apparel to college bookstores has cut ties with a Chinese company that drew workers from an internment camp holding targeted members of ethnic minority groups.

The building will be updated to include restaurant space and creative offices for artists and craftworkers.

China’s ambassador to Canada accused the country Wednesday of “white supremacy” in calling for the release of two Canadians detained in China last month, while describing the detentions as an “act of self-defense.”

A U.S. judge in San Francisco is considering ordering Pacific Gas & Electric Co. to re-inspect its entire electric grid and cut off power during certain wind conditions to prevent wildfires.

The United States and China gave no indication of their next step after wrapping up talks aimed at resolving a tariff fight that threatens to chill global growth.