myNOI The Palm Lake Mobile Home Park near West Palm Beach was acquired for $49 million, and the buyer plans to keep it as a senior mobile home park for the foreseeable future. Palm Lake Cooperative, a cooperative formed by the 468 collective lot owners on the property at 7272 42nd Way North, sold the site … Read more
The hotel would have a rooftop pool deck.
The Tampa Convention Center has filed plans for expanding with the city. A Dec. 17 filing shows the center is seeking to add on two levels of meeting rooms at the Riverwalk side of the center, which are scheduled to start construction in July 2019. It also entails demolition of existing roof overhang which will … Read more
“When you’re a growth company — when you’re 100 people, but you need space for 200 or to grow into 200 — the cost of that can be cost-prohibitive. So, a lot of the time, you need to be really creative, and you need somebody who buys into that vision and believes in your company, … Read more
December’s packed zoning meeting on Monday night saw several rezoning petitions approved, but one petition that would have brought affordable housing to Steele Creek was denied. Charlotte City Council voted 10-1 against a petition by Elmington Capital Group, a developer out of Nashville, Tennessee, that would have added up to 231 apartments south of the … Read more
With the real estate market in one of the longest unbroken up cycles in history, commercial real estate professionals from all disciplines are wondering what 2019 has in store.
Tens of millions in incentives for Honeywell’s headquarters relocation to Charlotte were approved by City Council on Monday night. As part of the council’s zoning meeting, the business investment grant — $17.1 million over 15 years — was approved 10-1 by council, with council member Ed Driggs voting against. Monday’s vote also authorized City Manager Marcus … Read more
The company began looking for new space after its Greensboro location sustained damage from an April tornado.
A Southern hotel brand known for daily duck marches is planning a North Texas location. The Peabody, a historic lodging in Memphis, Tennessee, is slated to bring a hotel to Roanoke, near Texas Motor Speedway, reported the Dallas Morning News. The project could break ground next year and construction could take up to three years, … Read more
When Northland Securities Inc. moved into its new space in downtown Minneapolis’ Fifth Street Towers in February, the contrast to its previous location couldn’t have been more striking. “The spaces really are night and day,” said CEO Randy Nitzsche. The firm’s previous office was a product of a different work era — darker, with plenty … Read more
Pioneer Cos. of Syracuse submitted an application to the Albany Industrial Development Agency outlining the request for a 132-room, eight-story Hyatt Place hotel that would be built at the corner of Montgomery and Spencer streets.
The government’s top doctor is taking aim at the best-selling electronic cigarette brand in the U.S., urging swift action to prevent Juul and similar vaping brands from addicting millions of teenagers.
The chairman of Huawei challenged the United States and other governments to provide evidence for claims the Chinese tech giant is a security risk as the company launched a public relations effort to defuse fears that threaten its role in next-generation communications.
Wade Westfall has seen a lot in the real estate world since he bought his first house at 17. Four decades later, he’s got such a soft spot for downtown Troy that the developer has decided to call it home. Westfall’s Four Sons Development is well underway on the first new housing to hit the … Read more
Britain’s government ramped up preparations Tuesday for the possibility that the country could leave the European Union in 101 days without a divorce deal — putting soldiers on standby and warning thousands of businesses and millions of households to get ready for the worst.
Worries are growing about the strength of the German economy, Europe’s largest, after a key indicator suggested fears about trade wars and Brexit are hitting business activity and after the country’s main stocks index slid into a bear market.
World stocks stabilized Tuesday, with Wall Street expected to edge up after heavy losses the day before, as traders prepare for a likely interest rate hike by the Federal Reserve.
Forget Robert Mueller.
President Donald Trump launched the Pentagon’s new Space Command Tuesday, an effort to better organize and advance the military’s vast operations in space that could cost as much as $800 million over the next five years.
China will never pursue hegemony, President Xi Jinping said Tuesday as global concerns persist over the country’s growing economic influence.
The Baltimore County Council unanimously approved a $78 million grant Monday night to fund infrastructure at the 3,100-acre Tradepoint Atlantic development. The deal is a shift from the $150 million tax increment financing request Tradepoint had proposed earlier this year. Under the grant, $34 million would go toward road construction and up to $44 million … Read more
Five conservation groups filed a lawsuit Monday seeking to block oil production from a proposed artificial gravel island in federal Arctic waters.
The Tampa real estate investors who acquired the Tampa Bay Times’ flagship office building in downtown St. Petersburg have sold the property to an Orlando firm. A joint venture of Convergent Capital and Denholtz Associates said Monday that it has sold the 239,537-square-foot office building at 490 First Ave. S. to Lincoln Property Co. The … Read more
A proposed tax break to support the consolidation of an international development company’s regional offices at The Yards will be tested Tuesday as a D.C. Council member will move to kill it. Councilwoman Elissa Silverman, I-At Large, said Monday she will propose an amendment at Tuesday’s legislative meeting that would strike the $5.2 million property … Read more
The 300,000-square-foot property was completed in 2015.
President Donald Trump has authorized the Agriculture Department to launch the second and final round of $11 billion in trade mitigation payments to farmers hard hit by tariffs.
The chains join existing restaurants at Las Estancias, which include AMC IMAX, Baskin-Robbins, Dion’s and Starbucks.
A Valley business has 640 acres in escrow with a group of international investors in the area west of Phoenix.
Alphabet Inc. said Monday it will spend $1 billion on a new New York City campus. The move will allow the Mountain View, California-based tech giant and owner of Google Inc. to double its staff in N.Y.C. within a decade. The new campus, dubbed Google Hudson Square, will be based on Manhattan’s West Side near … Read more
Longtime San Francisco broker Mark Geisreiter is joining Newmark Knight Frank after spending the last five years at CBRE. Geisreiter will focus on sales and development sites on the capital markets team led by Steven Golubchik, vice chairman of Newmark Knight Frank. “He brings a high caliber of industry recognition and a unique depth of … Read more
According to hotel backers, the Hyatt Regency at the Oregon Convention Center has prompted 25 conventions to come to Portland that otherwise would have booked elsewhere.
Great Wolf Resorts plans to enter Maryland with a $200 million, 44-acre lodge and waterpark next to the Hollywood Casino Perryville to open by summer 2022. The national chain of indoor and outdoor waterparks is expected to break ground on the 450,000-square-foot project on 40 acres in Chesapeake Overlook just off of Interstate 95. The … Read more
Commercial real estate brokerage CBRE has been helping clients reimagine their workplaces and is now doing the same in San Francisco. A few months ago, the firm moved more than 200 employees into new offices on the 45th and 46th floors of Salesforce Tower at 415 Mission St., the city’s tallest office building. The new … Read more
Avery Dennison Corp., which moved out of an industrial building on 16th Street purchased this fall by Brady Services, has leased an 11,827-square-foot space on the first floor of the 1250 section at Revolution Mill near the smokestacks.
The man charged with turning the Golden State Warriors’ new home into “the Madison Square Garden of the West Coast” will be taking off for a new show with the company redeveloping Seattle’s arena. Chase Center COO Stephen Collins will join Los Angeles-based Oak View Group in July with the same title. The move will … Read more
CBS announced Monday that former CEO Les Moonves will not receive his $120 million severance package after the board of directors concluded he violated company policy and was uncooperative with an investigation into sexual misconduct allegations.
The Port of Seattle real estate director is working to increase the size of the site near the successful Des Moines Creek Business Park by around 25 percent.
Alphabet Inc. said Monday it will spend $1 billion on a new New York City campus. The move will allow the Mountain View-based tech giant and owner of Google Inc. to double its staff in N.Y.C. within a decade. The new campus, dubbed Google Hudson Square, will be based on Manhattan’s West Side near the … Read more
The $26.6 million was raised among 39 investors, according to a regulatory filing.
As it celebrates 15 years in Dallas, Greenberg Traurig LLP is growing its presence in the city. The law firm is expanding to more than 43,000 square feet in Chase Tower, a 55-story skyscraper in downtown. The expansion includes adding another floor of space, which will encompass offices and client rooms. Greenberg opened its Dallas … Read more
As North Texas continues to grow and home prices continue to climb, developers are looking far outside the urban core to build master-planned projects. And, in a break with the past, homebuyers seeking out affordable communities are opting for experiences and diversity over square footage.
One of the industries that is already undergoing significant shifts may have more on the horizon. That’s because a majority of contractors said they expect more change in the construction industry in the next five years than has happened in the past 50 years, Construction Dive reports on the findings from a survey by Associated … Read more
Alexandria Real Estate Equities filed a lawsuit claiming that the son of company founder and Executive Chairman Joel S. Marcus is using Alexandria’s name and logo as he pitches investors and companies for his lab space venture in Europe.
The Kansas City Council on Thursday is scheduled to take up a long-discussed project that would turn a block of surface parking in the River Market into a transit-oriented development. On the council’s agenda is an ordinance authorizing the city manager to to negotiate a development agreement with the Kansas City Area Transportation Authority (KCATA) … Read more
The Mills Building at 1700 Pennsylvania Ave. NW is a vestige of planning days long gone by, with a facade dominated by large sections of precast concrete and a retail arcade that sets back storefronts far from the street. Akridge, on half of the building’s longtime owner, has filed plans with the District to modernize … Read more
Russians seeking to influence U.S. elections through social media had their eyes on Instagram and the black community.
The latest on developments in financial markets (all times local):
A proposal to develop 1,556 residential units on about 436 acres of land in Rosemount will be heard by the city’s Planning Commission on Monday.
What an exciting couple of days this week will bring, for fans of hoagies and tacos and caffeine and alcohol-infused frozen Pepsi products. Wawa announced Monday it will open its second D.C. location Thursday, in Georgetown at 1222 Wisconsin Ave. NW. As usual, the event will feature free coffee and a sampling of Wawa fare, … Read more
Margaret Carciobolo has owned Nicole’s Restaurant for 33 years. She started catering small events but expanded into weddings about 25 years ago. She now has $2.2 million in catering sales, mostly from weddings.