Senior apartments in Palm Beach sold for $21M

The Joseph’s Village senior living apartment complex in West Palm Beach was sold for $21.4 million, five years after the property was foreclosed upon. The 252-unit apartment complex was sold by 2210 N. Australian Ave LLC, managed by Scott Daiagi in Oakland Park, to GPAI Uptown 22 LLC, an affiliate of Denver-based apartment investor Grand … Read more

Toll Brothers inks deal to build apartments near FIU

The student housing division of national homebuilder Toll Brothers has formed a partnership to build an apartment project near Florida International University in Sweetwater. The Horsham, Pennsylvania-based developer (NYSE: TOL) plans the project on the 1.72-acre site on the southeast corner of Southwest 110th Avenue and Southwest 7th Street. The property at 705 and 795S.W. … Read more

Marc Lasry on keeping Bucks in Milwaukee, arena district development and Bill Clinton (Video)

About 400 people packed The Pfister Hotel Friday morning for the Milwaukee Business Journal’s latest Power Breakfast event, which featured a conversation with billionaire business exec and Milwaukee Bucks co-owner Marc Lasry. Lasry, who took ownership of the team four years ago with a group of co-investors, talked with Milwaukee Business Journal editor-in-chief Mark Kass … Read more

Developer confirms buzzy local restaurants for massive downtown project

The $450 million development taking shape at the site of Nashville’s former convention center will officially include two popular locally based restaurant chains, the project’s developers confirmed today. OliverMcMillan and Spectrum | Emery LLC, the development partnership spearheading the 6.2-acre Fifth + Broadway mixed-use project, announced plans for Hattie B’s Hot Chicken and Slim & … Read more

Church sanctuary above Urban Artifact to be rehabilitated, turned into events center

The sanctuary of the historic, 145-year-old church in Northside where Urban Artifact brewery is located is being renovated and turned into an events center to host weddings, concerts and other community events. The former St. Patrick’s Church, 1662 Blue Rock St., received $159,000 in state historic tax credits toward the $1.1 million project. The project … Read more

Katy-area industrial parks: Hines cancels project, Clay to break ground

One industrial park in the Katy area has been called off, but another one nearby is about to break ground. Houston-based Hines has canceled plans to develop Pintail Crossing with land owner Katy Partners Ltd., Community Impact reports. Plans for the 150-acre Class A business park were announced in May. The Houston Business Journal reached … Read more

Apple upstages Amazon in selecting new tech hub locations

One tech giant strung dozens of North American cities through a circus-like contest that led mayors and governors to desperately pitch their regions — and offer huge sums of public money — in hopes of landing a gleaming new corporate campus. The other swept in quietly before making its big move.

Combined Properties breaks ground on Aldi-anchored South Alex. Here's when it will deliver.

Combined Properties Inc. has started construction on the South Alex development in the Alexandria section of Fairfax County. The $135 million, 502,000-square-foot mixed-use development will feature 400 apartment units and more than 43,000 square feet of retail, anchored by a 20,000-square-foot Aldi store. Apartments at South Alex will range from $977 to $2,665 per month. … Read more

WeWork bringing 1,400-plus desks to Rosslyn

WeWork has made it official: The coworking space provider is expanding, in a big way, into Rosslyn. Its newest location, expected to open in the second quarter of 2019, will include more than 1,400 desks across four floors of JBG Smith Properties’ CEB Tower, 1201 Wilson Blvd. The WeWork space includes a 3,000-square-foot terrace on … Read more

Future HQ of Alexion, PTC sells for $455M to Norges Bank, American Realty

The future Seaport District headquarters of Alexion Pharmaceuticals (Nasdaq: ALXN) and PTC (Nasdaq: PTC) has sold for $455 million to a joint venture of American Realty Advisors and Norges Bank Real Estate Management. The seller was Skanska USA Commercial Development, which built the 17-story, 450,000-square-foot elliptical building at 121 Seaport Blvd. Skanska acquired the land … Read more

CRE partners team up with hopes of building communities that define Atlanta

The consensus among area owners and real estate developers is that Atlanta remains a healthy market for urban development, and strong economic fundamentals point to continued growth in urban submarkets for the foreseeable future. A simple drive through Atlanta’s urban core and around the perimeter would more than support this bullish contention. Juneau Construction Company … Read more

Year in Review: Plans show how four high-rises would change downtown's skyline

2019 could bring the first new addition to Columbus’ skyline in over a decade. The last addition to downtown’s high-rise profile came after the completion of the 20-story Condominiums at North Bank Park a decade ago, and before that, it was the 26-floor Miranova Condominiums. Developers had wondered aloud if Central Ohio would ever see … Read more

Restaurant, bar concepts named for major entertainment hub in Huntsville

Several restaurant and bar concepts have been named for a large mixed-use redevelopment project in the Rocket City.  Kamado Ramen, Oh Crêpe, Pourhouse and Mazzara’s Italian Kitchen are taking space in the food garden at the 1929 Stovehouse building, according to the Huntsville Business Journal. Japanese-inspired Kamado Ramen and Oh Crêpe are members of the … Read more

That 'live check' promises cash, but there's a catch

Have you received a preapproved offer in the mail this holiday season that looks like a check, made out to you and ready to cash? Before you rush to the bank, visions of presents dancing in your head, know that it’s not free cash. Rather, it’s more likely an expensive loan.

Developers planning 15,000-seat cricket stadium in Allen

In what would be another major sports-centered development in North Texas, a McKinney developer is planning a 15,000-seat cricket stadium in Allen. Thakkar Developers and Global Sports Ventures of Philadelphia are planning a news conference for Tuesday afternoon to discuss a project dubbed “Allen Sports Village,” according to a release. Per Thakkar Developers’ website, in … Read more

Dick's Sporting Goods considering buying up old Sears stores

The Sears Holding Corporation is looking to sell off some of its 649 retail locations in the United States, and Dick’s Sporting Goods could be a possible buyer, according to a report in Bloomberg. The Coraopolis-based sporting goods retailer is one of several companies that expressed interest in purchasing former Sears locations, Bloomberg reported. Other … Read more

Aldi opens at former Rainbow Foods

The site of a shuttered Rainbow Foods along Lake Street in Minneapolis has become the latest outpost for European grocery chain Aldi.   The Star Tribune reports on the new Aldi store at 2913 26th Ave. S., which opened on Thursday. The Rainbow store didn’t survive the 2014 shakeout of the chain’s exit from the Twin … Read more

Austin developer lands construction financing for HEB-anchored mixed-use project in Kingwood

Austin-based Stratus Properties Inc. (Nasdaq: STRS) plans to begin construction on its first Houston-area project this month now that construction financing is lined up. The developer said in a press release this week that subsidiary Stratus Kingwood Place LP entered into a construction loan agreement with Dallas-based Comerica Bank for about $32.9 million. That will … Read more