Bham firm moves HQ to The Tower
The building atop Red Mountain landed another local company.
The building atop Red Mountain landed another local company.
Key Construction’s work on Colorado Derby Lofts project earns recognition.
Another day, another FedEx building permit has been filed for the Memphis World Hub. A building permit was filed Dec. 18 for 2788 Sprankle Dr., part of the Memphis-based logistics and delivery provider’s footprint at the Memphis International Airport. The permit was valued at $2.2 million and was for “two new glycol tank facilities for … Read more
Last March, The Hickman Building at 240 Madison Ave. wasn’t a pretty sight. Vacant for 46 years, it was home to rot, junk, and not much else. Today, the historic building stands with a stone-laden lobby, Class A office space, and 40 apartments — 90 percent of which are occupied. The 5,000 square feet of … Read more
A former Blackwater security contractor has been convicted of murder at his third trial in the 2007 shooting of unarmed civilians in Iraq.
Plans for a development in Gahanna, which had been stalled, look to be moving again. Developers David Glimcher and Lenni Male, and their Berkshire Township-based Blue Horseshoe Development LLC, are moving ahead with a new plan for the previously announced Hamilton Towne Centre development at 4574 N. Hamilton Rd. The project had been put in … Read more
Planning for the development began as far back as 2012.
A 35-story condo was previously planned on the site.
The lawsuit aims to void an $18 million property sale.
The Piedmont Angel Network was an earlier investor in the Charlotte-based automatic payments company that has announced a $41 million expansion plan.
Interest in buying Greater Cincinnati commercial real estate continues to be high, as overall sales of commercial real estate are up 15 percent compared to a year ago. Through the first three quarters of 2018, nearly $2 billion worth of properties and portfolios of $2.5 million or more were sold. To put that in perspective, … Read more
The University of Florida’s new baseball stadium will break ground in February, according to a University Athletic Association release. The UAA board approved the budget for the $65 million project on Wednesday. The facility will be located on 13.63 acres of land on Hull Road adjacent to the Donald R. Dizney Stadium. It is planned … Read more
One of the buildings is a fractured condo.
A look at some of this week’s real estate goings-on.
Houston-based Encino Energy LLC recently signed a long-term lease for multiple floors in San Felipe Plaza. However, the company is already operating out of temporary space in the building, at 5847 San Felipe St., according to executives with building owner Parkway Property Investments LLC. Encino previously was headquartered at 675 Bering Drive. The new lease … Read more
The Education Department’s independent watchdog said Wednesday that it plans to investigate Secretary Betsy DeVos’ decision to reinstate a troubled accrediting agency that was shut down by the Obama administration over allegations of lax oversight.
Reporter Natalie Kostelni – our resident expert on all things commercial real estate – picks the biggest stories she worked on this year. HInt: Her list includes HQ2, Dranoff and Comcast.
The redevelopment has begun at three century-old buildings in Niagara Falls that sit almost directly across from the Seneca Niagara Resort & Casino. Crews from TM Montante Development have started work on the $5 million project that will see the structures at 7th and Niagara Streets transformed into a mixed-use complex. The project — named 616 … Read more
Crow Holdings’ real estate investment firm is partnering with a local developer to add 1.1 million square feet in industrial space to southern Fort Worth. Crow Holdings Capital-Real Estate and Fort Worth-based Rob Riner Companies plan to build a four-building industrial park that will include two cross dock facilities spanning 394,000 square feet and 294,000 … Read more
Village of East Side location of Performance Bicycle holds closing sale as 41-store chain negotiates Chapter 11 bankruptcy process
Memphis Made Brewing could be coming to the Edge neighborhood as part of the new Ravine park, developers of that project said Tuesday. Ethan Knight, of Development Services Group (DSG), said Memphis Made Brewing Co. is considering a move into 17,000 square feet of the former glass factory at 435 Madison Ave. and would retain … Read more
Dunkin’ Donuts franchise building new office and training center near established restaurant in Forest Hills.
A Cincinnati design-build general contractor is helping to bring antique cars back to Kings Island. Cintech Construction is constructing all of the buildings that will be part of Kings Mills Antique Autos. Ryan Wade, marketing manager for Cintech Construction, said this will be the company’s 20th project at Kings Island. He said even though Cintech … Read more
A hotel near the Ohio State University campus is getting some big energy efficiency upgrades. The Marriott Hotel & Residence Inn at 3100 Olentangy River Rd. will get $16.3 million in upgrades funded through Commercial Property Assessed Clean Energy, or C-PACE financing. The 354-room property is owned and managed by UPH Holdings, LLC, an affiliate of … Read more
A fire broke out at Fidelity Investments’ downtown Boston headquarters Wednesday afternoon, prompting an evacuation. The Boston Fire Department had ordered two alarms to 245 Summer St. as of 12:32 p.m. Wednesday, reporting heavy smoke in the rear of the building and “confirmed fire.” The Boston Police Department is directing traffic outside the 12-story office. … Read more
The area got millions of dollars worth of free publicity due to the region’s win of Amazon.
The Federal Reserve raised its key interest rate Wednesday for the fourth time this year to reflect the U.S. economy’s continued strength but signaled that it expects to slow its rate hikes next year.
Asian stock markets sank Thursday after the Federal Reserve raised U.S. interest rates and Wall Street dived to a 15-month low.
The Latest on the Federal Reserve’s monetary policy meeting (all times local):
Facebook gave companies such as Apple, Amazon and Yahoo extensive access to users’ personal data, effectively exempting them from the company’s usual privacy rules, according to a New York Times report .
If earthquakes struck in slow motion, the results might be visible in a place like the Greek village of Anargyri, a hardscrabble enclave in a black landscape gutted by coal mining.
ServiceMac, a mortgage subservicing company, is moving its operations to a 100,000-square-foot office in Bailes Ridge Corporate Park in Indian Land, South Carolina. The move is expected to create 1,000 jobs in the region over the next five years. ServiceMac is investing $24 million in the project. “We are proud to celebrate economic diversity in every … Read more
The developer canceled the lease in October after claiming the Sonic franchisee defaulted on the agreement for the fast-food restaurant at 800 Route 146.
One of the firms behind Norton Commons is working on the master plan for the site.
The 8-acre warehouse property was purchased for $4.6 million.
Dallas is crowded with cranes as area construction booms. But even as the Metroplex grows, price volatility is a fact of life. “It’s been trending upward,” says Larry Knox, executive vice president at Bob Moore Construction. Price volatility for construction materials, such as steel, is a national issue, driven by both economic growth and tariffs … Read more
If you’re familiar with the concept of barn raising, you know that tilt-up construction isn’t new. But innovators have taken it far beyond a group of neighbors building a barn. “It’s an industry filled with innovation,” says Mitch Bloomquist, executive director of Tilt-Up Concrete Association. “There’s just innovation all over the place. It’s very inspiring.” … Read more
Developers of The Ravine, a new park planned to connect Downtown Memphis and the Medical District, see their project as a key amenity for an area that has become part of Memphis’ economic engine. “The way that we look at real estate is: It’s part of a commercial real estate ecosystem. Everyone talks about the … Read more
The deal between the city of Austin and Precourt Sports Ventures for a Major League Soccer stadium is complete. In a Wednesday morning city memo, Deputy Chief Financial Officer Greg Canally said the two sides have finalized and executed a lease and development agreement for McKalla Place, a 24-acre city-owned property in North Austin, just … Read more
The sale of the three-story red brick building settled last week.
Global security firm IDEMIA will relocate its North American headquarters from a town north of Boston to Reston, a move that will bring at least 90 new jobs to Fairfax County. IDEMIA — a Paris-based company — already has offices in Chantilly and Alexandria. Its new Reston headquarters will occupy 18,000 square feet at One … Read more
The European Commission said Wednesday it has reached an agreement with Italy on its budget plans, which the EU’s executive arm had warned could break the euro’s rules and lead to legal action.
The Consumer Financial Protection Bureau has decided to abandon a controversial renaming plan, in one of the first big decisions by its new permanent director.
As business owners struggle to fill job openings, they’re using their company culture to attract talented candidates.
Enchanted Circle Brewing Co. has been wanting to expand to the Albuquerque market since it initially opened in 2016. Now, it looks like that plan is coming into fruition. The Angel Fire-based brewery has found a second home at 6001 San Mateo Blvd. NE, a 3,100-square-foot space that formerly was an I Love Sushi restaurant. … Read more
The founder of public relations agency Vitamin has bought a building in a prime location across from the Maryland Science Center on Light Street in Federal Hill. A.V.M. Real Estate, which is registered to Vitamin COO and founder Michael Karfakis, bought the building at 720 Light St. for $725,000. The 6,000-square-foot, three-story building was sold … Read more
“The Abell Mansion is a special part of Baltimore’s history and I am thrilled for the new owners to continue the legacy,” said Charlie Hatter, the listing agent.
The developer behind San Jose’s massive Coleman Highline development has purchased several large pieces of neighboring land from the city, the Mercury News reports, citing property records and city documents. Cupertino-based Hunter Storm on Dec. 14 paid $24.8 million for 12.7 acres of land next to its main Coleman Highline mixed-use development, which sits near … Read more
The River House apartments near downtown Milwaukee sold for $58 million to Washington state investor Weidner Apartment Homes, which through several recent acquisitions is quickly becoming one of the largest housing landlords in the city. The River House property is on the Milwaukee River at 1785 N. Water St., and includes two apartment buildings that … Read more
Sand Hill wants to tear down part of a massive East Palo Alto apartment complex it owns near Amazon’s newest office in the city and rebuild it with hundreds more units. The developer is promising to do all that without displacing a single resident — here’s how.