myNOI The ongoing troubles of Sears has led to another round of store closures that will take place in late March, including two in Durham. The Sears stores at Northgate Mall and at the Streets of Southpoint are shuttering, along with the accompanying Sears Auto Centers at those locations, according to a statement from the company. … Read more
A new Burger King restaurant is in the works near the University of Dayton.
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.
In 1993, Denise Purrier joined property management firm Nelson Properties Inc. as a temp worker helping with accounting. Just over a quarter of a century later, she’s the company’s new president.
North Miami-based IMC Equity Group acquired Peppertree Plaza in Margate for $45.5 million. LSREF3 Peppertree, an affiliate of Dallas-based Lone Star Funds, sold the 267,254-square-foot shopping center at 5400-5688 W. Sample Road to Peppertree Plaza LLC, an affiliate of IMC, which is led by President and CEO Yoram Izhak. Loancore Capital Partners provided a $31.85 … Read more
The redevelopment of Broadway Market’s south shed will include dramatic new lighting, a large indoor bar and an inviting outdoor patio. That’s what a set of new renderings show in the first close-up details of a new 275-seat restaurant, The Choptank. The renderings were released last week by Atlas Restaurant Group ahead of a comprehensive … Read more
Although San Francisco, Seattle, Boston and New York dominate when it comes to where tech companies most often launch their companies or put their offices, new data shows Chicago is still a popular choice when those same companies are looking to expand. Data from real estate firm CBRE shows that Chicago was the second most … Read more
2018 turned into a strong year for leasing across the Bay Area, from San Francisco to Silicon Valley to the Peninsula to the East Bay. This list of 11 leases is by no means exhaustive for all the large deals tenants inked this year. The deals compiled here show a cross section of some of … Read more
The Warehouse District, a series of older industrial buildings in West Palm Beach that were converted into creative, food and beverage space, sold for $18.5 million. The six buildings totaling about 85,000 square feet, including 1220 Elizabeth Ave., were sold by Johnstone Capital Partners affiliates Johnstone Dixie Partners, 1300 Elizabeth Avenue, 1400 Elizabeth Avenue, 1500 … Read more
The buyer has made several recent acquisitions in the Triad.
2018 turned into a strong year for leasing across the Bay Area — from San Francisco to Silicon Valley to the Peninsula to the East Bay. This list of 11 leases in the gallery above is by no means exhaustive for all the large deals tenants inked this year. The deals compiled here show a cross … Read more
One transaction brought the number of units that Morgan Properties owns in Pennsylvania to 7,000.
Wall Street closed out a dismal, turbulent year for stocks on a bright note Monday, but still finished 2018 with the worst showing in a decade.
Dollar General is planning a new location for downtown Trussville. The retail chain recently presented its plans to the city’s Design Review Committee for the freestanding location that will be built in the 400 block of Main Street in 2019, according to the Trussville Tribune. The committee recommended that architectural interest be added to the … Read more
Two of Baltimore’s five largest banks are also among the top SBA lenders in the area. M&T Bank and Wells Fargo both rank on this week’s List of the top 25 SBA lenders in Greater Baltimore. M&T Bank, for example, remains the top SBA lender in the region with $39.13 million in local 7(a) loans … Read more
For the government officials of the 18 jurisdictions that lost the contest for Amazon’s new second headquarters, the final decision was a real-life lesson on game theory. On Oct. 13, Amazon announced that it would split the proposed “HQ2” between Long Island and Arlington, Virginia. All told, some 238 contestants made at least an … Read more
In local news: As the Charlotte region’s growth continues to reach farther into the suburbs, one neighboring county appears to be bustling with activity. Several reports from the Gaston Gazette point toward increased economic activity there, from the hiring of Gastonia’s first-ever staffer to oversee events and resources, particularly in the downtown area, to six … Read more
There are 27,537 proposed units in 93 properties in Houston, up from 69 proposed apartment projects in July.
With dozens of options, gym shopping in Albuquerque can be quite a workout. There are a variety of health clubs and fitness centers in Albuquerque, costing anywhere from $10 a month all the way up to around $100. If getting into shape is on your list of New Year’s resolutions, check out our slideshow of … Read more
The U.S. ambassador to Britain has cast doubts on whether a major bilateral trade deal can be reached if Parliament approves the Brexit proposal from Prime Minister Theresa May.
2019 is set to be a year of major change for Europe, with big decisions that will affect the continent’s economy.
The latest new construction office sale in Charlotte closed last week in a deal worth more than $200 million.
Another disappointing end to a football season wasn’t the only source of grumbling for Minnesota Vikings fans Sunday. There’s also the question of where everybody is going to tailgate next year. The Star Tribune reports on the issue, a side effect of a flurry of apartment and office construction in downtown Minneapolis and city leaders’ … Read more
Key projects include incentivizing at least two multifamily developments, creating a walking trail through the neighborhood, increasing transportation options for cyclists and creating a program to help develop infill townhomes on city-owned properties.
However, a shortage of skilled workers could slow the construction industry in 2019.
The developers of 545wyn, the largest new office building in Miami’s Wynwood neighborhood, obtained a $81 million construction loan. Arkansas-based Bank OZK (NASDAQ: OZK) awarded the mortgage to 545 WYN LLC, a partnership between Chicago-based Sterling Bay and institutional investors advised by J.P. Morgan Asset Management. The developers recently acquired the 1.45-acre site at 537-557 … Read more
A swath of undeveloped land in Research Triangle Park that Apple had been targeting for a new campus has sold.
Brazilian billionaire Jose Isaac Peres, who is already building the 57 Ocean condominium in Miami Beach, has obtained another development site in the city – this one on the famed Ocean Drive. Sea Spray Development, managed by Yair Wolf in Fort Lauderdale, sold the vacant 11,650-square-foot property at 304 Ocean Drive to 312 Ocean Park … Read more
A joint venture between Stiles Corp. and Ferber Co. has acquired a shopping center development site in Miramar, and obtained a construction loan. Monarch Towne Center, managed by Frank A. Ferraro in Stuart, sold the 22.5-acre site, near the northwest corner of Miramar Parkway and Flamingo Road, for $15.3 million to Miramar Investment Partners, a … Read more
This past year brought its share of company expansions and new users hitting the market, and it culminated in large lease deals, particularly on the industrial side. In the attached slideshow, you can find the largest office and industrial lease deals in Jefferson County, as recorded by Louisville real estate firm Cushman & Wakefield-Commercial Kentucky. … Read more
The latest new construction office sale in Charlotte closed last week in a deal worth more than $200 million.
A Fairfield Inn & Suites by Marriott is under construction in Deerfield Beach after the developer obtained an $11.39 million construction loan. Boca Raton-based Legacy Bank of Florida awarded the mortgage to Hotels of Deerfield LLC, an affiliate of Indianapolis-based MHG Hotels, led by President and CEO Sanjay Patel. It recently broke ground on the … Read more
This year the Baltimore Business Journal published a story and slideshow that has since become our most-viewed article of all time — beating out our previous top article, a first look at Under Armour’s planned Port Covington headquarters from January 2016. The article was a relatively simple one about a massive home in Deep Creek … Read more
The Arcade project, one of the largest and most ambitious redevelopment initiatives in downtown Dayton, is moving ahead with financing and tenant agreements. The developers behind the project, led by Baltimore-based Cross Street Partners and its two partners, the Model Group of Cincinnati and St. Louis-based McCormack Baron Salazar, now own eight of the nine … Read more
The biggest articles the Baltimore Business Journal published this year were primarily related to real estate. A look at the 10 most-viewed articles of 2018 showed that expensive residential homes up for auction, and news of large commercial real estate projects, drew the widest numbers of readers. As did coverage of sports apparel retailer Under … Read more
Breckenridge Apartments, a 308-unit apartment complex near Bell Road and Seventh Street, sold for $32.8 million. Bill Hahn, Trevor Koskovich, and Jesse Hudson of NothMarq represented both the seller and the buyer. The buyer was Phoenix-based 3rd Ave Investments LLC and North Park Management LLC and North Park Condominium LLC of Dallas were the sellers. … Read more
From Amazon.com Inc.’s expansion plans to seismic changes at General Electric Co. to breakthroughs in science and health care, it was a year of upheaval in the Boston business community — and the Business Journal had it covered every step of the way. As 2018 comes to a close, the BBJ went back to see … Read more
Urban Bricks is the latest build-your-own pizza chain to enter the Houston market. The San Antonio-based company opened a location at 12161 Westheimer Road, on Dec. 21, according to a press release. The fast-casual restaurant offers dine-in, take-out and drive-thru options. Customers can choose from more than 30 ingredients to build their own pizza, pasta, … Read more
China’s factory activity shrank in December for the first time in more than two years, an official survey showed Monday, intensifying pressure on Beijing to reverse an economic slowdown as it enters trade talks with the Trump administration.
House Democrats unveiled a package of bills Monday that would re-open the federal government without approving funding for President Donald Trump’s border wall with Mexico, establishing an early confrontation that will test the new power dynamic in Washington.
Stock markets mostly rose Monday on the last day of a volatile year, after U.S. President Donald Trump said he expected to resolve trade friction with China after speaking with Chinese President Xi Jinping.
Shares were mostly higher Monday in subdued New Year’s Eve trading. U.S. futures were higher after President Donald Trump tweeted that he expected to reach a deal to help result trade friction with China after speaking with Chinese President Xi Jinping.
Former Nissan chairman Carlos Ghosn will be detained at least through Jan. 11, the Tokyo District Court said Monday, as the once revered auto industry figure faces allegations that have marked a stunning downfall.
A federal judge in Texas who recently declared the Affordable Care Act unconstitutional has stayed his ruling to allow for appeals.
There’s enough development already on the books to lend confidence in a healthy 2019.
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.
From blockbuster new leases to major retail store shutterings, it’s been a boisterous year for Bay Area business. Like in years past, The San Francisco Business Times celebrated 2018’s Most Influential Women, peeked inside the Bay Area’s coolest offices, catalogued the region’s fastest growing private companies and showcased the best places to work. Beyond these … Read more
Verizon customers can continue to watch ESPN, ABC and other channels owned by Disney after the two companies announced a deal over programming fees.
In the final weekend of 2018, “Aquaman” still led the pack at the box office, but other films like “Mary Poppins Returns,” ”The Mule” and “Second Act” enjoyed post-holiday bumps too, even amid an onslaught of new Christmas offerings like “Vice,” ”Holmes and Watson,” ”On the Basis of Sex” and the Netflix phenomenon “Bird Box.”
The Latest on partial shutdown of the federal government, now in its second week. (all times local):