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Both companies are family owned and privately held.

It will be the second new Triad location for the chain in the last year.

The plans, if approved, would be a big change in a neighborhood of older, multi-family homes rented by college students and small businesses such as bars and restaurants.

On Tuesday morning, it appeared that Sears Holding Corp. was moving closer to liquidation, after Reuters reported that Sears executives planned to ask a bankruptcy judge if the retail chain can proceed with liquidation. But by Tuesday afternoon, CNN reported that following delays at a morning hearing in bankruptcy court, attorneys for Sears said the … Read more

An entity related to Wiese USA, a St. Louis, Mo.-based material handling equipment company, has paid $4.8 million for two Eden Prairie industrial buildings in a move to acquire Minnesota Supply Co. Minnesota Supply, a 100-year-old material handling equipment supplier, is based in Eden Prairie and employs 80 people. The deal with Wiese will not … Read more

A pair of uptown high-rise apartment buildings was acquired by an investor that bought another uptown building earlier in 2018.

One of St. Louis’ favorite barbecue spots will add its third location in St. Charles this spring. Build-out on the new restaurant is underway. Salt + Smoke, which already has locations in the Delmar Loop and the St. Louis Hills neighborhoods, will open at 501 S. Main Street in historic downtown St. Charles in the … Read more

An office building on West Mockingbird Lane in Dallas has changed hands. According to a report from the Dallas Morning News, Mockingbird Office Park has been picked up by a partnership owned by New York’s Center Court Partners. The six-building campus, located at 1515 W. Mockingbird Lane, is only a few miles from the entrance … Read more

Birmingham-based commercial real estate company GCP sold a large industrial property in Charlotte, N.C., for $19.55 million. GCP said it sold 2100 The Oaks Parkway, a two-building 125,213-square-foot Class A warehouse and office campus. The buyer was the tenant at the property, Vallen Distribution Inc. “Vallen is an ideal tenant, and we are pleased with … Read more

The World Bank is downgrading its outlook for the global economy this year, citing rising trade tension, weakening manufacturing activity and growing financial stress in emerging-market countries.

Sears received another possible lifeline Tuesday when the company’s chairman and largest shareholder promised to line up the necessary financing to keep the struggling department store chain afloat.

Industrious to take 38,000 square feet in Liberty Center, including larger Canvas Suites among coworking offering

The development team behind The Parks, the overhaul of a 66-acre portion of the Walter Reed Army Medical Center, has closed on construction financing and lined up its equity partners for the first two ground-up, market-rate buildings. Hines, Urban Atlantic and Triden Development Group, the master development team, will partner with PGIM Real Estate on … Read more

The property is currently used for agriculture.

London’s Heathrow Airport briefly halted departing flights on Tuesday after a reported drone sighting — a development that came just three weeks after multiple reports of drone sightings caused travel chaos at nearby Gatwick Airport.

Ads for prescription drugs appeared 5 million times in just one year, capping a recent surge in U.S. medical marketing, a new analysis found.

The Latest on Britain’s impending departure from the European Union (all times local):

WeWork has purchased Waller Park Place from McCourt Global, according to Travis County records. The transaction was consummated on Dec. 17 — fast forward about a month and the coworking giant has disclosed a new $2 billion investment from SoftBank and a major rebranding as it diversifies into areas such as housing.

Real estate deals continue to abound in the Bronx. Just days after two separate deals were confirmed, Foxy Management — a property management and development company based in the borough — snagged the financing needed to develop a new senior living development. Located in the Belmont enclave of the Bronx, the Arthur Avenue Apartments are … Read more

The leader of the county’s overflowing domestic violence shelter is excited about a new, larger facility opening soon, but not primarily because it will provide better security or more privacy for the women and families staying there. Those considerations are no doubt important to Sue Villilo, executive director of Choices for Victims of Domestic Violence, … Read more

Founded in 1972, this local company now has an out-of-state owner.

The project will cost $260 million.

The new Robinson Cocktail Room offers mixed drinks with names such as Kiwi, Do You Love Me and Wildish Bambino.

Cape Cod Community College has received a $5 million donation — its largest-ever gift — as part of its construction of a new science and engineering building. The donation is the largest in the history of the two-year college, located in West Barnstable. It comes from Maureen Wilkens, a longtime benefactor who, with her husband, … Read more

Facing a tight labor pool, developers, public officials and community organizations are using commercial projects to provide residents with careers in construction.

Fairfax County is kicking off the second phase of the Lorton prison redevelopment by seeking input from developers who could transform 50 acres home to the Workhouse Arts Center into a destination for everything from new commercial buildings and apartments to makerspaces, restaurants, small businesses and food halls. In December, Fairfax issued a request for … Read more

Sylvan Supply, the new name of the former Madison Mill Inc. property, is set to debut by the end of this year.

The Latest on a reported drone sighting at London’s Heathrow Airport (all times local):

The project is estimated to cost $16 million with a groundbreaking set for fall 2019.

The 128-year building holds 189 luxury apartments with an occupancy rate of about 95 percent.

The developer of the Fire Blocks project has acquired the oldest high-rise building in downtown Dayton.

Milwaukee developer Irgens hired Mark Nicholson as general manager of the 25-story BMO Tower that is under construction downtown.

On Tuesday morning, I broke the news that Cincinnati Center City Development Corp. has acquired Fountain Place from Cincinnati Development Group and planned a mixed-use redevelopment of the building. Here’s why the deal was done.

The developer was drawn to the site due to its architecture and location near the Peabody Place tower, Majestic Grille, Beale Street, and a trolley stop.

SoftBank is once again increasing its ownership stake in WeWork. The Japanese conglomerate — led by billionaire Masayoshi Son — invested $2 billion in New York-based WeWork, according to reports. That amount is far less than the $16 billion that it was previously considering. SoftBank itself inked the deal, not the company’s so-called Vision Fund. … Read more

The company is launching three new for-lease neighborhoods within the next year.

One of Southwest Ohio’s fastest-growing companies just got bigger.  Beavercreek-based Woolpert Inc. has acquired Waller, Todd & Sadler Architects, an architecture firm located in Virginia Beach, Va.  The addition bolsters the architecture, engineering and geospatial firm’s design and planning capabilities. Terms of the deal were not disclosed. Scott Cattran, Woolpert’s president and CEO, said as … Read more

The large building will bring nearly 200 residential units to the heart of the historic neighborhood near the University of Alabama at Birmingham.

Cincinnati Center City Development Corp. has acquired the former downtown Macy’s store.

The developer of the Fire Blocks project has acquired the oldest high-rise building in downtown Dayton.

The site totals 4.1 acres.

Harry’s Hofbrau, the cavernous, 42-year-old cafeteria and bar in West San Jose, will permanently close its doors to the public later today, to make way for new housing. The 16,000-square-foot restaurant in San Jose was part of a family-owned chain that first opened in the 1950s in Redwood City and helped pioneer the “hofbrau” concept: … Read more

The former operator of the Rasselas Jazz Club has filed a lawsuit in the U.S. District Court for the Northern District of California, alleging that city officials including Mayor London Breed contributed to fraud at the Fillmore Heritage Center costing about $100 million in failed investments. In a November 9 filing, Agonafer Shiferaw claimed that … Read more

The Birmingham-based Somerby Senior Living Services, and its nine-property portfolio, has been acquired by the New York City- based, Bridge Seniors Housing Fund Manager LLC, an affiliate of the Bridge Investment Group.  Financial terms of the deal were not disclosed. David Grady, president of Somerby, will continue to lead the company post-acquisition. Somerby currently has … Read more

A Miami Township billing services firm has been sold to a Virginia-based company. First Billing Services — A subsidiary of real estate investment company The Connor Group — recently sold for $57.5 million to Paya, a Reston, Va.-based company described as a “leading provider of integrated payment and commerce solutions.” Founded in 2011 by Connor … Read more

Shares extended gains in Asia on hopes for progress in resolving the tariffs battle between the U.S. and China as talks appeared to have been extended in Beijing.

U.S. job openings fell in November from the previous month, but the number of available positions remained healthy.

Being acquired by WGI, which has 600 employees and annual revenue of about $100 million, will allow Big Red Dog to grow nationally and bid for much bigger projects. Find out why Big Red Dog founder Will Schnier went with this deal after passing on many others, including some that offered more money.

Boston-based Advent International has acquired a majority stake in Plano, Texas–based third-party hotel operator, according to a release. The two have entered into a definitive agreement for Advent to purchase the majority interest in Aimbridge Hospitality of Plano, Texas. Aimbridge will retain its minority stake. Advent is buying the majority interest from private equity firm … Read more

The property is near a major sports venue.