myNOI Thousands of Peruvians marched in protest again Tuesday decrying the attorney general’s dismissal of a team investigating the sweeping Odebrecht corruption case in a move that President Martin Vizcarra decried as “profoundly damaging.”
I’ve never been a big fan of grandiose big-stories-of-the-year pieces. Big events tend to have long tails, so reciting a list of the most significant stories means cramming together months worth of coverage. Besides, do you really need reminded that Sprint may merge with T-Mobile? Picking a list of my favorite stories of 2018 is … Read more
The latest plunge in oil prices has dealt a heavy blow to Iraq’s stagnating economy, threatening the new government’s ability to rebuild after the war with the Islamic State group and provide basic services to areas roiled by recent protests.
Germans hoping to do some New Year’s shopping may find themselves without the cash to do so amid a strike by security van drivers.
President Donald Trump on Tuesday invited congressional leaders to a White House briefing on border security as the partial government shutdown dragged on over funding for a border wall, with Trump tweeting, “Let’s make a deal?”
As another year goes into the books, it’s worth examining exactly who’s going to make a big splash as the calendar turns to January. This year’s roster of business leaders to watch in the upcoming year includes an outspoken city official, a local surgeon who’s aiming to reform health care for three of the country’s … Read more
2019 may bring another department store in retreat, dueling building booms in the city, and signs of life for two major brownfields.
Far gone are the days when the stereotypical profile of a construction worker actually held true. Today, there is not one single face of the industry. Construction professionals today show diversity in age, race, ethnicity, gender, and socioeconomic status, and with efforts underway to strengthen the industry by enhancing heterogeneity, it will become even more … Read more
Major national and international real estate players and investors have dominated the Boston real estate market for the last several years. With rising costs for land, labor and materials and fierce competition for tenants, the question arises as how local real estate players survive. Three successful companies provide answers to that question: The Grossman Companies, Intrum and Chapelbridge … Read more
Maui County closed on a $6 million purchase of 262 acres of Alexander & Baldwin’s agriculture land in the lower Pulehu/Omapio area on Monday. The county said it secured $5 million in general obligation bond funds through the state of Hawaii in addition to $1 million from its own funding to acquire the land, which … Read more
Ivanka Trump is set to launch a White House effort aimed at women’s global economic empowerment in early 2019.
A California utility’s role in igniting wildfires last year could allow a judge to find that it violated terms of its criminal sentence in a 2010 gas pipeline explosion that killed eight people, federal prosecutors said Monday.
The Minnesota-based corporation plans to build 500,000 square feet of manufacturing space in the West Valley.
The property, originally built in the early 1900s, is home to more than 50 companies, including Fran’s Chocolates, REI and Elysian Brewing Co.
What began as a seven-story hotel has morphed into a high-rise with apartments.
A Panamanian car carrier heading from Japan to Hawaii caught fire in the Pacific Ocean, with some crew members abandoning the ship and the U.S. Coast Guard and other vessels heading to its rescue Monday.
Wall Street started 2018 strong, buoyed by a growing economy and corporate profits. It didn’t end that way.
Where is Birmingham’s next restaurant most likely to open?
Fastenal Co. (Nasdaq: FAST), a Minnesota-based distributor of industrial and construction supplies, paid $20 million for Ralph Lauren Corp.’s building at Piedmont Centre Business Park last week. According to records with the Guilford County Register of Deeds, the deal closed Friday for the 69 acres at 4100 Beechwood Drive, which has a tax value about … Read more
The PGA National Resort & Spa in Palm Beach Gardens sold for $217.96 million, making it the priciest hotel sale of the year in South Florida. Opened in 1981, the PGA National is one of the most famous golf resorts in the world. It has hosted the PGA Championship, the PGA Senior Championship, the Ryder … Read more
A new report from Dodge Data & Analytics shows Orlando-area construction companies pulled permits valued at $136.76 million in November, an 80 percent decrease compared to $673.14 million in November 2017 value for commercial projects in Orange, Seminole, Osceola and Lake counties. Area homebuilders fared better in November, pulling permits valued at $421.18 million compared with $399.88 million … Read more
San Rafael-based Seagate Properties has bought the Senator Hotel office building in downtown Sacramento, at a price almost 50 percent higher than when it last changed hands three years ago. Seagate, making its second purchase in the Sacramento region, bought the 180,123-square-foot building of nine stories at 1121 L St. for $46.9 million. Swift Real … Read more
Real estate investor Ethan Conrad has bought another mall outside the Sacramento region, this one in the college town of Chico.
Jay Scott, who developed and sold a Best Buy store in Eagan 12 years ago, has re-acquired the building.
Related Cos. also bought the land from the city.
Charlotte commercial real estate in 2018 saw significant sales across multiple sectors but most prominently in the urban office and multifamily sectors.
The Warner Building has officially changed hands. JBG Smith Properties Inc. (NYSE: JBGS) has sold the 621,000-square-foot office building, located at 1299 Pennsylvania Ave. NW, to an affiliate of CBRE Global Investors for $376.5 million, according to the D.C. Recorder of Deeds. The 13-story Warner building is the 23rd-largest office building in Greater Washington, per … Read more
A Cambria Hotel & Suites will rise a block from the beach in Fort Lauderdale after a developer obtained an $18 million construction loan. Coral Gables-based Marquis Bank awarded the mortgage to Hotel Motel Inc., with managing member Jai Motwani as the guarantor. It covers the 1.11-acre site at 2201, 2202, 2221, and 2231 N. … Read more
Forecasters have been predicting the end of a commercial real estate boom for a couple years now, and so far the market remains hot. That means 2019 could be another big year for development in the Twin Cities. Here’s what I will be watching in 2019.
A longtime Portland commercial real estate leader has stepped down from a Portland Business Alliance committee, and the Alliance itself, after making racially insensitive comments. As first reported by the Oregonian, J. Clayton Hering, who retired after a long stint of leading the Norris, Beggs & Simpson commercial real estate firm, resigned from both the … Read more
Its satellite-manufacturing arm sells building, explores options as geostationary satellite market shrinks.
The historic building in downtown Raleigh has traded hands for the first time in four decades and the new owners are planning $15 million in renovations.
CBRE New England, the region’s largest real estate brokerage, will have a new member of its leadership team effective Jan. 1. Jodie Poirier, who previously led a CBRE office in the South Bay area of Los Angeles, will be managing director in Boston, joining Andy Hoar, Kevin Doyle and Steve Purpura. Her appointment follows CBRE … Read more
Plans include a bigger office space inside Port San Antonio.
Louisville Business First gives you an inside look at spiffy new office spaces in town. Here are nine new offices we toured in 2018. In early March, we got inside the new East End digs of Office Resources Inc. after it moved into a 45,000-foot-facility. ORI previously was located downtown. In May, we visited new … Read more
The Netherlands-based Ikea, one of the world’s largest furniture distributors, closed on more than 100 acres in Generation Park. Ikea bought a 117.41-acre tract from McCord Development, according to documents filed with the Harris County Clerk’s office. The deal closed on Nov. 6. Ikea also bought an additional 26.02 acres in Generation Park that will … Read more
The latest new construction office sale in Charlotte closed last week in a deal worth more than $200 million.
A new report found Houston had the fourth-slowest apartment rent growth among large cities in 2018. The nation’s fourth-largest city saw rents grow 1.7 percent year-over-year, or about $18, to an average rent of $1,093 per month, according to the national apartment research site RentCafe’s year-end report that compared 2017 year-end data to 2018 findings. … Read more
“We are in active negotiations on probably half to two-thirds of the space,” said a Foulger-Pratt exec.
The entire eminent domain process was wrapped up in about six months, which is significant given that some of these legal wranglings can take years to work out.
The pace of the Columbus region’s growth may surprise those who haven’t been paying attention as Ohio’s capital became the most-dynamic city in the Midwest outside of Chicago. MORPC in December updated its population estimates for Central Ohio, concluding the 15-county region added 43,000 people in 2018 alone. The region is now projected to grow … Read more
After nearly 13 years in business, a Grandview-area sports bar and restaurant is closing. King Avenue 5, which opened in 2005 at 945 King Ave., announced on Facebook that Monday would be its last day of business. No reason was given for the closing and the owners had not yet responded to questions. Owner Nick … Read more
Plans include a bigger office space inside Port San Antonio.
A $3.8 million project is about to break ground in Amelia Island Plantation, a master-planned community in Nassau County. The Amelia Island Plantation Community Association will begin construction on a two-story, 11,230-square-foot center community center on Wednesday, the association announced. The center will be located at the former site of the community’s Property Owners Club, … Read more
When San Jose’s aviation director, John Aitken, looks at the world of possible nonstop international destinations from the airport he runs, he tries to see it from the perspective of civic and business leaders who’ve told him he needs to play in that world because so much of the business they do is worldwide.
Alta Developers secured a $43.1 million construction loan for an apartment complex in Boynton Beach. Pacific Western Bank awarded the mortgage to Alta Boynton LLC, an affiliate of Miami-based Alta Developers, led by Henry Pino. The Alta @ Cortina will have 324 units on Audace Avenue, on the west side of Renaissance Commons Boulevard. General … Read more
Florida Power & Light Co. sold a 70.8-acre potential development site in Palmetto Bay for $33 million, according to brokers at Avison Young. The property, at 6525 S.W. 152nd St., which is near Biscayne Bay just north of the Charles Deering Estate, was sold to a company led by Oscar Barbara, CEO and chairman of … Read more
Crocker Partners LLC was the seller. The Boca Raton, Fla.-based real estate company paid $105 million for the property in 2012. Prominence was one of several Buckhead towers on the market in the latter half of the year.
This past year was a turning point when it comes to commercial real estate in Louisville. We saw long-awaited projects finally open their doors while the city’s hotel boom firmly took hold as new rooms opened in downtown, NuLu, the East End and Southern Indiana. None was bigger than the 30-story Omni Louisville Hotel, which … Read more
The 30-story Omni Louisville Hotel dramatically altered Louisville’s skyline when it debuted downtown this March. The $315 million project was one of dozens that injected new life and vitality into our city. The Omni will no doubt be a strong contender for one of our 2019 Commercial Real Estate Champions awards. The annual Commercial Real … Read more