Sears to close another 80 stores nationwide, including an Arizona Kmart

Another 80 Sears and Kmart stores will be shuttered nationwide as part of the bankrutpcy restructuring by Illinois-based Sears Holding Corp. That means the Kmart store in Tucson at 7055 East Broadway has been targeted to close. While five Arizona Sears stores were included in the first round of 142 store closures announced in October … Read more

Farmers risk loss of federal payments, loans, from shutdown

The end of 2018 seemed to signal good things to come for America’s farmers. Fresh off the passage of the farm bill, which reauthorized agriculture, conservation and safety net programs, the Agriculture Department last week announced a second round of direct payments to growers hardest hit by President Donald Trump’s trade war with China.

Two Durham Sears locations to close in March

The ongoing troubles of Sears has led to another round of store closures that will take place in late March, including two in Durham and three others in North Carolina. 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 … Read more

San Antonio-based pizza chain enters Houston market

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, near Phoenicia Specialty Foods, 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 … Read more

Building at Broad and High has new owner

An eye-popping office building in the heart of downtown has changed hands.  Developer Michael Tomko said he has purchased the Broad and High office building at 10 N. High St. for $6 million. It’s the building emblazoned with marquees and screens at the northeast corner of Broad and High, across the street from the Statehouse. … Read more

New York firm buys Birmingham apartment complex in $56M deal

A New York private equity firm has purchased Wildwood Crossings Apartments for $56 million. Wildwood Crossings is a 520-unit Class B garden-style property that had been managed by MDIC Management since its construction in 1998. Senior Managing Director David Oakley, Senior Director David Wilson and Associate Directors Caleb Frizzell and Abe Maddox of Berkadia’s Birmingham office worked on … Read more

Big retail redevelopment planned for Dunwoody

A retail center near Perimeter Mall in Dunwoody could get redeveloped with a new grocery store.  An affiliate of Branch Properties LLC filed plans in Dunwoody to redevelop 10 acres it owns across Ashford Dunwoody Road from a Walmart Supercenter. The project would add retail and restaurant uses, improve the streetscape and introduce patio seating, … Read more

National retailer coming to long-vacant Cincinnati Walmart

A large national retailer is taking over a Greater Cincinnati Walmart that has sat vacant for most of the past 12 years. Appliance Factory & Mattress Kingdom signed a lease to locate in the former Tri-County Walmart at 600 Kemper Commons Circle. With the exception of a brief occupancy by Home Emporium, that location has … Read more

January is always slow for business. The government shutdown could make it even tougher.

The effects of the partial federal government shutdown will become even more pronounced in the new year. Despite hundreds of thousands of federal employees being furloughed or working without pay since Dec. 22, workers will still receive a paycheck between between Dec. 28 and Jan. 3, although it will be smaller than normal, according to … Read more

Gap prepares to close 5th Ave. store in January

Gap Inc. plans to close one of its largest New York stores in January. The San Francisco-based clothing retailer (NYSE: GPS) — which also owns Old Navy and Banana Republic — will shut down the three-story store at 680 5th Avenue on Jan. 20, according to Bloomberg. The 5th Avenue store is within close proximity … Read more

Publix at The Prado to close Dec. 29

The Publix store at Sandy Springs shopping center The Prado will shut its doors tomorrow, Dec. 29., at 10 p.m. “After nine years at The Prado shopping center, Publix has decided to close this location because it has been underperforming for some time,” said Publix spokeswoman Brenda Reid. She said all the associates have been … Read more

Project to watch in 2019: Wilmington Air Park developments

Wilmington Air Park has had its share of ups and downs. The Clinton County site made national headlines in 2008 when German shipping company DHL Express announced it would cut thousands of jobs at the air park, which formerly housed a distribution center. Almost a decade later in February 2017, it suffered another blow when Amazon.com decided to … Read more

Cane Rosso to close one of its Houston pizzerias

Dallas-based pizzeria Cane Rosso will close one of its two Houston locations before the end of 2018.  The last day of service for Cane Rosso’s Montrose restaurant, at 4306 Yoakum Blvd., will be Dec. 30, according to a Facebook post. However, the Heights location, at 1835 N. Shepherd Drive, will remain open. The company plans … Read more

Greetings & Readings north of Baltimore to close after 49 years

Greetings & Readings will close its 30,000-square-foot book and gift store located north of Baltimore on Jan. 20 after 49 years in business. Members of the family-owned business in Hunt Valley Towne Centre told the 80-member workforce Thursday that the independent book and gift store would shutter after sales had slumped 15 percent this year. … Read more

Areu Bros. buy 57-acre former Tyler Perry Studios in Atlanta for $12M

A new film company led by the former president of Tyler Perry Studios purchased the Atlanta film mogul’s former 57-acre complex in southwest Atlanta for $12 million. Areu Bros. in a news release said the company finalized purchase earlier this month of Tyler Perry’s former studio complex — a 205,751 square-foot studio located at 2769 Continental Colony Parkway … Read more

Scooter corrals? Arlington tests out ways to handle flood of dockless vehicles.

Arlington County is testing out a solution to an increasingly pressing challenge: How to fold in the growing number of dockless scooters and bikes into the urban landscape. One possible answer? So-called “corrals” of painted areas with scooter and bike symbols within which people can park their dockless vehicles without blocking business entrances, ramps or … Read more

Memphis public company buys out New York partner

A Memphis-based public company is continuing to execute on its long-term strategy with a recent property acquisition in New York.   Jernigan Capital Inc., which provides financing for self-storage developments across the United States, announced Dec. 26 it had “acquired the membership interest of its developer partner” in a newly completed self-storage development on Long Island. … Read more

Trump EPA orders rollback of Obama mercury regulations

The Trump administration has targeted an Obama-era regulation credited with helping dramatically reduce toxic mercury pollution from coal-fired power plants, saying the benefits to human health and the environment may not be worth the cost of the regulation.

Forgot a Christmas gift for special someone? This restaurant auction has everything, including a walrus head.

The first day of 2019 will be a bittersweet one for Herndon, as one of its longstanding businesses, the Ice House Café, closes its doors. Less than 10 days later, virtually all of its wares will have been sold by Rasmus Auctions. The upside: Here’s your chance to own a walrus head. Or a moose … Read more