Hogan says Maryland will invest $56.5M to bolster federal opportunity zones

A total of $56.5 million in several state and federal incentives will be used across Maryland to attract opportunity zone investments as a national competition for such dollars heats up. Gov. Larry Hogan detailed the package on Thursday in an opportunity zone in West Baltimore next to Coppin State University. There, a $20 million redevelopment … Read more

With slump in iPhone sales, are we post Peak Smartphone?

Behind Apple’s disconcerting news of weak iPhone sales lies a more sobering truth: The tech industry has hit Peak Smartphone, a tipping point when everyone who can afford one already owns one and no breakthroughs are compelling them to upgrade as frequently as they once did.

Renovation in the works for downtown Fort Worth high rise

A mid-century high-rise in the heart of Fort Worth is getting a facelift. The former Bank of America Center, which has been renamed First on 7th, will undergo a renovation process aimed at bringing the building up-to-date while preserving its architectural integrity, said Jack Clark, president of Red Oak Realty. “Our plans are based on … Read more

Foxconn buys historic downtown Racine office building

Foxconn Technology Group bought a historic downtown Racine office building from a real estate affiliate of the county’s other manufacturing giant, S.C. Johnson & Son Inc. A Foxconn affiliate acquired the property at 601 Lake Ave. in late December for $1.2 million, according to state records. That building, a former Elks lodge dating to 1912, … Read more

David S. Brown Enterprises taps new leasing team for office portfolio

David S. Brown Enterprises hired a new team to focus on leasing its office space. Abeshouse Partners LLC and David S. Brown Enterprises have mutually parted ways, said a spokesman for David S. Brown on Thursday. David S. Brown executives Kevin M. Keane and Brent Mangum began managing commercial office leasing and marketing in Maryland … Read more

Newsmaker of the Year: Holly Sullivan was Nashville's inside track to Amazon

When Jeff Bezos decided to create a $5 billion second corporate headquarters with 50,000 jobs, one of the people he trusted most was Holly Sullivan. Amazon’s director of worldwide economic development, Sullivan was born and raised in Nashville, graduated from Harpeth Hall School, and returned after college to spend 13 years leading job-creation efforts in … Read more

CorePower Yoga coming to Adams Morgan

Yoga studio chain CorePower Yoga will join a new bar and restaurant from the Fainting Goat team in the new building at 1773 Columbia Road NW.  The project, which includes luxury apartments and retail space at the site of a former Payless ShoeSource, is across the street from the buzzy Line D.C. hotel and comes … Read more

Report: Montco adds retail space, more on the way

Montgomery County has 143 shopping centers and, recent data shows, most of them – a cluster of 13 – are in Abington while Montgomeryville has a dozen. Both Upper Merion and Lower Merion each have 11 shopping centers, according to recent Montgomery County Planning Commission data. But Upper Merion, home to the King of Prussia … Read more

Viewpoint: Amazon’s cons are outweighed by its pros

Since Amazon announced its decision to build part of its second headquarters right here in D.C.’s backyard, I’ve been asked daily — by both Cvent employees and other area tech leaders alike — about whether this is good for our city. My answer has been an unequivocal yes. In fact, the governor’s office reached out … Read more