Houston nonprofit to build 30,500 SF community center with UAE funds

Avenue CDC, a nonprofit focused on affordable housing, has unveiled plans to develop a new mixed-use community center just north of downtown. The project is expected to cost $11.3 million, a spokesperson told the Houston Business Journal. It will be funded in part by $2.6 million from the United Arab Emirates’ donation for Hurricane Harvey … Read more

Hotel developer tells residents of Palo Alto's President Hotel apartments to vacate by Jan. 31

The developer that last year bought the historic Presidents Hotel Apartments in downtown Palo Alto with dreams of turning the property into a boutique hotel has given remaining tenants until Jan. 31 to vacate, Palo Alto Online reports. The letter from Adventurous Journeys Capital Partners to residents arrived three days after the City Council on … Read more

Meridian's Boro District in Tysons just got a lot bigger

The Meridian Group has acquired the NADA headquarters building and an adjacent development site, adding to its growing Boro District near the Greensboro Metro station in Tysons. The privately held developer paid the National Automobile Dealers Association $33.7 million in late December for 8400 Westpark Drive, a 10-story office building with NADA’s logo prominently featured … Read more

Office Envy: Inside Showpad’s North American HQ in Chicago (PHOTOS)

Showpad, the Belgium-based sales enablement platform company that acquired a Chicago startup last year, has officially put down roots in Chicago with a brand new office. Showpad originally started its Chicago operations with just one person working at a local WeWork office in 2017. But in December, the tech company moved into a 20,000-square-foot office … Read more

Austin investor scoops up office building in Plano

An Austin investor has purchased more than 230,000 square feet of office space in Plano, as reported by the Dallas Morning News. Capital Commercial Investments scooped up a five-story office building in northwest Plano, roughly 30 minutes from downtown Dallas. The building was once home to Countywide Home Loans, and records show the property was … Read more

Golf concept at Metro North Crossing has name, estimate for opening

The golf entertainment complex coming to Metro North Crossing now has a name: T-Shotz.   Troon, a global leader in golf course management and development based in Scottsdale, Ariz., will operate the 52,000-square-foot complex. It will house 66 hitting bays and suites, according to a release by the company.   T-Shotz, now expected to open … Read more

D.C. Council to finally take up 'high priority' comp plan bill

D.C. Council Chairman Phil Mendelson said Monday that a long-delayed bill to amend the critical introductory chapter of the District’s comprehensive plan is back on his radar, saying it’s a “high priority” that will provide clarity for development in the city over the next 20 years. The legislation was introduced by Mayor Muriel Bowser last … Read more

Long-time commercial real estate executive remembered

Pittsburgh’s commercial real estate community is mourning the passing of Bill Burroughs, a long-time and well-known professional who made his mark on development projects from downtown, to the East End to the Mon Valley and beyond. “Bill was just an excellent real estate person. He knew how to get to deal points really efficiently and … Read more

After years of vacancy, the old Rathskeller space in downtown Chapel Hill has a new tenant

After years of sitting empty, the once-beloved Ramshead Rathskeller restaurant in a Franklin Street alley in Chapel Hill will soon be home to a Raleigh brewery looking to show off its expansive beer list. Gizmo Brew Works is planning a 4,500-square-foot taproom in the basement that was home to Rathskeller since the 1940s. Co-owner Bryan … Read more

GSA to shutter National Capital Region headquarters

The General Services Administration plans to shutter its National Capital Region headquarters and furlough most of its workers as it feels the pinch from the federal shutdown now in its third week. GSA senior managers were due to meet Monday morning to discuss the situation and dismiss the rank-and-file employees after that meeting, according to … Read more

Alexandria, Anchor Line kick off South Boston life-sciences project

Alexandria Real Estate Equities and Anchor Line Partners have proposed a six-story, 210,000-square-foot life-sciences building on A Street in South Boston in Jan. 3 letter of intent filed with the Boston Planning and Development Agency. The Business Journal first reported last month about the plans to transform a block of former Gillette industrial property into … Read more

Rezoning in works for Oak Creek building eyed by Astronautics

Oak Creek officials may rezone a South Howell Avenue manufacturing facility that is reportedly the latest that Astronautics Corp. of America is considering for its Milwaukee-area operations.  The manufacturer of flight and engine displays and other aviation tech is among the region’s largest, reporting 436 local employees in October, according to the Milwaukee Business Journal’s … Read more

Luxury apartments near completion in Silverton: SLIDESHOW

The largest development in Silverton’s history has opened its onsite leasing office for apartments at the property. The Residences at Ag47 is a 204-unit luxury apartment development. It is the first phase of a planned $50 million mixed-use project at the corner of Montgomery and Steward roads.  J.R. Anderson, vice president of development for Jeffrey … Read more