myNOI A small business loan program is helping companies expand in the city of Troy. Since its inception in 2007, the Small Business Development Revolving Loan fund has awarded nearly $2 million to a variety of companies, from manufacturers to restaurants. In all, 20 loans have been allocated to these businesses to support expansion efforts, equipment … Read more
JPMorgan Chase & Co. CEO Jamie Dimon has a good idea of what other cities he wants to expand to after Greater Washington. Dimon was in Boston last week to celebrate the opening of the financial juggernaut’s first retail branch in Massachusetts when he was asked to identify what markets the bank was targeting after … Read more
Akridge and Stars REI have Fannie Mae surrounded. The pair just acquired 1025 Vermont Ave. NW, a Class B office building two blocks east of Fannie Mae’s new headquarters, for $48.5 million, according to the D.C. Recorder of Deeds. The seller in the deal, recorded Wednesday, was Carr Properties — the developer of Midtown Center, … Read more
Benderson Development has increased its real estate holdings in the San Francisco Bay area by acquiring a closed Babies R Us location. And the Buffalo company’s West Coast footprint is growing with a similar deal in Portland, Oregon. Terms were not disclosed for the 50,000-square-foot store located off Interstate-580 in the Hacienda Crossings plaza just … Read more
The Gwinnett County Board of Commissioners approved a $72.9 million construction management contract for the renovation of the Infinite Energy Center in Duluth. The expansion includes a new entrance, 50,000 square feet of expanded exhibit hall space and renovations to the performing arts center and grand ballroom, along with building an outdoor plaza. Infinite Energy … Read more
Retailers are looking for buildings to operate distribution centers near densely populated areas for same-day delivery service.
New York-area startups and venture capitalists are making funding deals with the hopes of creating the next profitable company. Here’s one deal announced Wednesday: Who gets: The Wing, a network of work and community spaces designed for women, secured new funding. Amount raised: $75 million in series C funding. The new round brings the company’s total … Read more
As Kevin Townsell continues to focus on building his Hofbrauhaus Buffalo location, he has renewed his effort to sell the now-closed Shannon Pub. Townsell has retained Dennis Dargavel and Karl Puzio from Hunt Commercial Real Estate to sell the Shannon Pub property at 2250 Niagara Falls Blvd. in the Town of Tonawanda. The 4,350-square-foot building, constructed … Read more
The Milwaukee owners of Schlitz Park have an agreement to sell the downtown office campus to investors Crestlight Capital and TPG Real Estate. The sale will involve five office buildings and three parking structures on 32 acres along the Milwaukee River. Crestlight, based in Detroit, and TPG Real Estate, with several U.S. offices, will acquire … Read more
Apple is pulling older models of its iPhone from German stores after losing two patent cases brought by chipmaker Qualcomm, the company said Thursday.
A report on Twitter by the human rights group Amnesty International is gaining traction and the company’s shares were punished Thursday, suffering one of their worst declines this year.
Racine aldermen unanimously backed an $18.7 million incentive package to help Royal Capital Group build hundreds of apartments near the downtown harbor.
A planned infill apartment project in Pendleton received a thumbs down from the Historic Conservation Board this week.
The restaurant and banquet room on Wolf Road in Colonie will close Dec. 30 because the costs of running a 17,500-square-foot business became too much.
St. Louis saw another solid year in commercial real estate deals.
The proposed National Museum of Intelligence and Special Operations, to be constructed within the 424-acre Kincora development in Loudoun County, has picked up a $10 million lead gift from The Starr Foundation. The $72 million museum, honoring the “fascinating history of American intelligence and special operations,” is an effort of the nonprofit OSS Society. The … Read more
This List is ranked by a wealth index score that takes into account median household income; percent of households with income of $200,000 or more; median home value; percent of adults 25 or older with bachelor’s degrees; and other factors. The wealth index score was created by American City Business Journals, the parent company of … Read more
Construction started last week on the first precious metals depository in the country that will be administered by a state. Austin-based general contractor MHT Constructors LLC broke ground Dec. 12 on the 40,000-square-foot Texas Bullion Depository on Heritage Grove Road near U.S. Highway 183 in Leander. The depository will be operated by Lone Star Tangible … Read more
Bank of America has donated $500,000 toward a revitalization effort in West Baltimore spearheaded by Bon Secours Baltimore Health System and Kaiser Permanente. The gift will help pay for the construction of a community resource center that will include a financial well-being center for residents in the 21233 ZIP code in West Baltimore. The center … Read more
U.S. long-term mortgage rates slipped this week, reflecting the stock market decline and rush by investors to Treasury notes.
President Donald Trump’s administration miscalculated the potential benefits of putting better brakes on trains that haul explosive fuels when it scrapped an Obama-era rule over cost concerns, The Associated Press has found.
Asian stocks fell further Friday after Wall Street slid on recession fears, putting markets in Shanghai, Tokyo and Sydney on track to end 2018 down more than 10 percent.
JPMorgan Chase & Co. CEO Jamie Dimon was in Boston last week to celebrate the opening of the megabank’s first retail branch in Massachusetts. While there, he was asked to identify markets Chase was targeting following moves earlier this year into Washington, D.C., Philadelphia and Boston. “Get a list of the top 50, 75 [cities] … Read more
There’s just a bit more than a week to go in 2018, so it’s perfectly appropriate to look back and give some further consideration to what’s happened over the last (almost) 12 months. And by that, we mean it’s time to take a look at how accurate we were a year ago with our commercial … Read more
JPMorgan Chase & Co. CEO Jamie Dimon was in Boston last week to celebrate the opening of the megabank’s first retail branch in Massachusetts. While there, he was asked to identify markets Chase was targeting following moves earlier this year into Washington, D.C., Philadelphia and Boston. “Get a list of the top 50 — 75 … Read more
JPMorgan Chase & Co. CEO Jamie Dimon was in Boston last week to celebrate the opening of the megabank’s first retail branch in Massachusetts. While there, he was asked to identify markets Chase was targeting following moves earlier this year into Washington, D.C., Philadelphia and Boston. “Get a list of the top 50 — 75 … Read more
Facebook has shared users’ private messages, contact information and other personal data with companies such as Microsoft and Spotify, according to a New York Times report that was alarming even in light of previous disclosures about the social network’s practices.
U.S. officials on Thursday said two alleged Chinese hackers carried out an extensive campaign on behalf of Beijing’s main intelligence agency to steal trade secrets and other information from government agencies and “a who’s who” of major corporations in the United States and nearly a dozen other nations.
New York City-based Bond Collective is the latest coworking company to enter the Houston market. The company leased 25,871 square feet on the first two floors of Pennzoil Place, at 711 Louisiana St., according to a press release from Houston-based Transwestern. Bond Collective is expected to open the downtown Houston location after the build-out is … Read more
Austin is again getting great ink from Inc. magazine for its startup atmosphere, which was labeled the best in the U.S. Inc. worked with innovation policy company Startup Genome to examine the top 50 markets in the U.S. and crunched data on seven key indicators — from early-stage funding metrics to job creation — to … Read more
A Virginia-based developer is readying to break ground on a new senior living facility in Montgomery’s Eastchase area. The $27 million project by Smith/Packett will include separate areas for independent living, assisted living and memory care residents, according to the Montgomery Advertiser. Located at 2251 Eastchase Lane, the facility also will include libraries, a barbershop, … Read more
Hospitals and rehabilitation centers across the state are planning expansions and major construction projects, in an effort to modernize facilities and keep up with shifting needs among Maryland patient populations. The Maryland Health Care Commission is tasked with reviewing and approving such major building projects or expansions planned by licensed health care facilities across the … Read more
Celebrity chef Bryan Voltaggio owes more than $3 million in rent and loan payments on two now-shuttered restaurants in downtown Baltimore, according to judgments recently recorded in the city’s Circuit Court. The rulings stem from two civil lawsuits filed in October 2017 by entities connected with the Cordish Cos., which operates the properties where Voltaggio … Read more
The Pamunkey Indian Tribe is in negotiations with the city of Norfolk to open the first casino in Virginia. The tribe, which has ties to Pocahontas and received federal recognition in 2016, is looking to purchase about 20 acres near downtown Norfolk, according to The Virginian-Pilot. The Pamunkey casino could be a major competitor for … Read more
JPMorgan Chase & Co. CEO Jamie Dimon was in Boston last week to celebrate the opening of the megabank’s first retail branch in Massachusetts. While there, he was asked to identify markets Chase was targeting following moves earlier this year into Washington, D.C., Philadelphia and Boston. “Get a list of the top 50 — 75 … Read more
Denver’s pockets of prosperity extend across the metro, from the southwest suburbs of Jefferson and Douglas counties to Boulder and northeast Denver.
The University of Texas Health Science Center at Houston hosted a ribbon-cutting ceremony on Dec. 19 for a new $15 million building set to open in January. The new UTHealth School of Biomedical Informatics building features an innovation lab, coffee bar and break room as well as 230 employee workspaces and five classrooms, some with … Read more
Placer County’s largest public events space will start construction in Roseville in a matter of weeks.
A German technology magazine is reporting that Amazon sent recordings made by its Alexa voice-activated assistant to the wrong user, raising fresh privacy concerns about the use of digital devices.
Airbus shares are sinking on a French news report that the U.S. Department of Justice has opened an official investigation into alleged corruption by the European plane-maker.
San Diego, Calif.-based OliverMcMillan developed and manages the project, which features more than 50 stores and restaurants across six blocks in the Buckhead Village.
Chris Jacobs wants to bring five market-rate apartments into a nearly 100-year-old downtown building he owns.
Unit sizes will range from 480 to 880 square feet.
A North Texas firm took the top spot on Commercial Property Executive Magazine’s annual list of the country’s top commercial development firms. At No. 1 is Trammell Crow Co., which is credited with completing more than 34.54 million square feet between 2015 and 2017. Nationally, it also had more than 37.14 million square feet under … Read more
The developer plans to break ground in early 2019.
Old City, South Philadelphia, Grays Ferry – a few more city neighborhoods are set to get a Chase location.
The developer prides itself on “redeveloping iconic buildings into catalytic destinations,” according to its website.
The project is expected to cost $1.46 million and the building would be two-and-a-half times larger than the existing building that Vida-Blend leases in nearby Amsterdam.
Records detailing Charlotte’s pursuit of Amazon’s second headquarters were released late Wednesday, revealing the city and Mecklenburg County offered a combined $270.6 million total to lure the online retail giant here. The city of Charlotte proposed a package totaling $100.1 million with another $170.5 million offered by Mecklenburg County, both in grants to be delivered … Read more
“This is a connector from Brentwood and Cool Springs all the way to I-24. … The people who are moving in, they are not poor people like Antioch used to have. It’s middle-class, a little bit upper-middle-class.”