US long-term mortgage rates dropped to 4.55 pct. average
U.S. long-term mortgage rates fell this week, offering a slight degree of relief to would-be homebuyers after the stock market has tumbled.
U.S. long-term mortgage rates fell this week, offering a slight degree of relief to would-be homebuyers after the stock market has tumbled.
U.S. consumer confidence tumbled this month as Americans began to worry that economic growth will moderate next year. But consumer spirits are still high by historic standards.
With more than 2,100 acres to play with, it would be about three times the size of Mueller. Find out how developers are proceeding at City Hall, and how they’re trying to allay concerns about environmental impact.
Home Depot likes its spot in a historic downtown building — where it works on innovating — while a big commercial builder is moving across town and another startup relocates from Silicon Valley.
The financial institution’s transaction leads 2018’s notable commercial real estate projects and announcements.
The developer of a mixed-use project at Lenexa City Center received unanimous approval to obtain tax increment financing (TIF), the Shawnee Mission Post reports. The Renner 87 Flats project sits on more than 7 acres and will feature a multi-story apartment building with about 250 units and about 10,000 square feet of retail as well … Read more
In January 2018, a Boston Properties executive said that demand from growing technology tenants in the city was “as strong as we’ve ever seen it.”
A little over a year after moving into a new Kansas City office, Knight Nicastro LLC is ready for a larger space. The full-service law firm, based in Boulder, Colo., specializes in transportation and insurance defense as well as employment law disputes. In October, it expanded its insurance defense practice in Kansas City with four … Read more
Greater Boston’s building boom continued churning this year, with major groundbreakings in almost every neighborhood and with future proposals that could keep the cycle churning into the next year.
A top Russian official says the nation’s new strategic weapon has made any missile defenses useless.
The university also plans to build a new two-story structure to house its honors college.
The developer behind the Fire Blocks project in downtown Dayton is starting to see its vision come to life as progress continues on a loft-style apartment complex with first floor amenities.
The deal closed earlier this month.
Plans for the future home of Fluor Enterprises Inc.’s Sugar Land campus are moving forward. Sugar Land City Council approved rezoning the nearly 50.31-acre site at a Dec. 18 meeting, and the company aims to break ground in March, Community Impact reports. The subsidiary of Irving, Texas-based Fluor Corp. (NYSE: FLR) currently has a Sugar … Read more
New construction and expansion were big in the health care sector in 2018.
Developer Tony Giarratana used an electronic billboard to reveal the look of Paramount Tower, a residential high-rise he envisions for downtown Nashville. Nashville Post reports that a rendering of the tower, which would be the tallest in Nashville, debuted on The Nashville Sign (located at the Broadway and West Avenue split in Midtown) on Christmas … Read more
Raleigh-based Dominion Realty Partners broke ground on a $129 million, 29-story tower in uptown Charlotte this week. FNB Corp. (NYSE: FNB), based in Pittsburgh, will anchor the tower at 401 S. Graham St. and take more than 40,000 square feet including a ground-floor retail branch. The project, dubbed FNB Tower-Charlotte, is on a 0.7-acre site … Read more
Germantown’s huge former Neuhoff slaughterhouse property is “seemingly under contract to be sold,” Nashville Post reports. Citing multiple anonymous sources, the Post reports that tenants operating at the industrial site “are being asked to prepare to move.” The prospective buyer of the nine-parcel property is unclear, the Post reports. The property is owned by members … Read more
The city of Denver has suspended Mortenson from bidding on construction projects until a board can review the company’s qualifications. Golden Valley-based Mortenson was one of the companies bidding to be the contractor for the Colorado Convention Center expansion project, which was put on hold Dec. 11 after the city determined the process was tainted … Read more
Patrick Sutton moved to Baltimore in 1985 to spend a year building his architecture career in then blue-collar Fells Point. He never moved on — and is still there today leaving a signature on highly visible landmarks in the increasingly upscale waterfront community. Sutton calls part of his work “engaging the human spirit” and some … Read more
The commissioner of the Metropolitan Police has suggested that Britain’s departure from the European Union will be costly and could have a damaging effect on public safety.
Premier Health has opened a $4.5 million medical office building in the city of Monroe, which includes areas of Butler County and Warren County. The 19,300-square-foot building at 35 Overbrook Blvd. is about five miles southwest of Atrium Medical Center in Middletown, which is part of Dayton-based Premier Health and one of the largest hospitals … Read more
A shopping center in Marietta has been sold for $44.2 million. InvenTrust Properties Corp. said Wednesday it has purchased Sandy Plains Centre, a 124,000-square-foot center anchored by The Kroger Co. and Pets Supply Plus. “Through this transaction, we expand our existing shopping center portfolio in Atlanta,” said Christopher Covey, senior vice president of transactions for … Read more
As the Water Street construction continues, downtown Tampa commuters will begin feel the impact. Portions of Channelside Drive between Jefferson Street South and Meridian Avenue South, as well as Old Water Street between Franklin Street South and Florida Avenue will be closed for road and utility construction. One westbound lane will remain open during construction … Read more
The Washington Business Journal produces important journalism. As 2018 has proven, sometimes you need to see it to believe it. Our reporters hit the road to take you inside the newest developments. They dive deep into filings to bring you the coolest renderings of planned projects. They speak to hundreds of business leaders, young and … Read more
Last month, the company announced plans to invest $500 million in Phoenix-area projects.
Did you know the well-known developer also has business interests in methadone clinics and car dealerships?
An east Dayton medical marijuana cultivator is moving forward with plans to open its facility.
The Ohio EPA has issued an air permit for a potential cracker plant along the Ohio River, several miles south of Wheeling, W.Va. The permit is one of the final regulatory hurdles for the project to clear before the two companies overseeing the plant — Thailand-based PTTGCA and South Korea-based Daelim Industrial Co. — make … Read more
Rents for industrial real estate are rising at double-digit rates in more than a dozen US markets.
For all the grandiose development plans that get pulled off, there’s occasionally a few projects that never make it to the groundbreaking stage. In 2018, several bold proposals ended up in the wastebasket.
For the purposes of this list, commercial development refers to all nonresidential projects, and may include improvements on or to a parcel of land, including drainage, utilities, subdividing, access, buildings, etc.
China’s government said Thursday it has made plans with Washington for talks in January aimed at ending a tariff battle that threatens to depress global trade.
It took less than a week for the Trump administration to kill the considerable buzz created Jan. 1 when California’s broad marijuana legalization law took effect, creating the largest legal U.S. cannabis marketplace.
The last year was a 12-month champagne toast for the legal marijuana industry as the global market exploded and cannabis pushed its way further into the financial and cultural mainstream.
More wild market swings appeared imminent Thursday, with U.S. stocks heading sharply lower after the largest single-day point gain in history for the Dow.
Thousands of Taiwanese, taking a page from France’s yellow vest movement, protested Thursday for the third time in a week to demand lower taxes and the fair handling of tax disputes.
The Buffalo firm has worked on everything from Northland Workforce Training Center to Seneca Buffalo Casino.
Name: Vanessa Calderón-Rosado Title: Chief Executive Officer, Inquilinos Boricuas en Acción Age: 54 Education: Bachelor’s degree in education, Universidad de Puerto Rico, 1986; Doctorate in public policy, University of Massachusetts Boston, 2000 Residence: Milton In the center of Boston’s South End stands Villa Victoria, a thriving Puerto Rican community formed in 1968 by housing activists … Read more
After sealing a deal marking one of the largest office leases ever in Oakland, CIM Group is close to selling off five Oakland office buildings to two buyers.
Developers pitched high rise residential towers left and right in downtown Minneapolis in recent months, most of them gaining approvals just before the City Council was about to pass an inclusionary zoning policy that will require affordable units in such projects.
West Sacramento and Yolo County are selling separate properties to each other with a goal of benefiting both government entities.
An Oregon foundation that has helped bring to life everything from public libraries to classical music, college scholarships and more is now lending a big hand to a new art center in Beaverton. The Oregon Community Foundation has awarded the Patricia Reser Center for the Arts a $250,000 grant. The funds will help support the … Read more
Here are the biggest stories that affected the Boston-area business community in the past year: Companies we gained, business leaders we lost and the deals that got the most attention.
Here’s a timeline of the biggest events in Boston-area business in 2018
The Gap Inc. said Wednesday that it will close its massive three-level Gap store on New York’s Fifth Avenue on Jan. 20. The company declined to discuss why the former flagship store was closing, when asked by the San Francisco Business Times today. But Gap (NYSE: GPS) CEO Art Peck told investors last month that … Read more
Call it the 2019 Tower 301 U.S. tour, brought to you by the Greater Sacramento Economic Council and CBRE.
The Hardware Store is next to another renovation project the company completed in October.
The City of Denver has suspended Mortenson from bidding on construction projects until a board can review the company’s qualifications. Mortenson was one of the companies bidding to be the contractor for the Colorado Convention Center expansion project, which was put on hold Dec. 11 after the city determined the process was tainted from what … Read more
City Manager Spencer Cronk is reorganizing the upper levels of Austin government. There’s a new point person for real estate, economic opportunity and affordability, plus a new leader overseeing “health, culture, environment and lifelong learning.”