International tensions and nationalist politics can further weigh on the global economy this year and hinder efforts to deal with big issues such as climate change, the organizers of next week’s Davos forum warned Wednesday.
Wheels are in motion for more than $26 million in bonds. The City Finance & Government Operations Committee moved for a “Do Pass” on $26.4 million in metropolitan redevelopment bonds for the Marriott Springhill Suites project Monday night, which is a nearly 93,000-square-foot, 118-room hotel on Central Avenue. In addition, 20 rooms will be specifically … Read more
It’s the company’s fifth new market in 10 months.
The suburban company made a splash in 2017 when it paid $225 million for a new apartment tower in downtown Seattle.
The new Hilton Garden Inn on Union Avenue is set to open this week. Located, just across from AutoZone Park, the hotel’s 150 rooms feature views of the park and the proposed Canopy Hotel site. The hotel bar, The Greyhound, is an homage to the Greyhound Lines station that used to be located at the … Read more
The man who was running the busiest construction company in Nashville has agreed to run the Tennessee Department of Transportation under Governor-elect Bill Lee. On Jan. 15, Lee announced that he’s chosen Clay Bright to lead that department. Lee and his Cabinet members will be sworn into office Saturday. Bright, a Davidson County resident, was … Read more
D.C. Mayor Muriel Bowser has returned the D.C. Council’s short-term rental restriction bill unsigned and without a veto, seemingly allowing it to become law while warning the legislation may be unconstitutional. In her letter to the council, dated Jan. 15, Bowser said the Office of the Attorney General “has advised that the legislation is unlikely … Read more
Metro Council advanced an ordinance Tuesday night that would provide more than $15 million for infrastructure work at Nashville Yards, the sprawling project that is set to become home to Amazon.com Inc.’s new Nashville operations hub. Despite some pushback, The Tennessean reports that the ordinance cleared the critical second of three readings by an easy … Read more
First it was The Meridian Hill Hotel for Women, which housed young women who moved to D.C. to fill government jobs during World War II. In the late 1960s, it was transformed into Meridian Hill Hall, a 600-unit dorm that housed Howard University students for over four decades. The building at 2601 16th St. NW in D.C. … Read more
The Shoppes at Holly Springs have traded hands for the first time since 2011.
The lease comes as Amazon plans to add more Whole Foods grocery stores.
Longtime Austin restaurant and farm-to-table pioneer Eastside Cafe is closing later this month, and the building’s new owner plans to open something else in its place. The last day for Eastside Cafe at 2113 Manor Road will be Jan. 31, according to an announcement on the eatery’s website. Sam Hellman-Mass, owner of acclaimed new Mexican restaurant Suerte, … Read more
Fiserv is buying First Data in a $22 billion all-stock deal, creating a giant player in the payments and financial technology sector.
A member of the family that owns OxyContin maker Purdue Pharma told people at the prescription opioid painkiller’s launch party in the 1990s that it would be “followed by a blizzard of prescriptions that will bury the competition,” according to court documents filed Tuesday.
Austin has gained much in its recent meteoric rise as a major U.S. city — a booming technology sector, a downtown vibrant in commerce and nightlife, and a destination reputation bolstered by the likes of Austin City Limits and South by Southwest. But a top-league professional sports franchise has eluded America’s 11th-most populous city. No … Read more
Sprouts Farmers Market Inc. opens its new store in Clearwater on Wednesday — one of 15 new locations on tap for Florida. The Clearwater store, at U.S. 19 and Sunset Point Road, is the seventh Sprouts location in the state. Before the end of the second quarter, four more will open in Florida, in Naples, Wellington, … Read more
The project would include workforce housing and commercial space.
The center will house as many as eight retail tenants.
“There’s no conflict there. I want people to know that,” Qubein said.
First Watch Inc., a fast-casual restaurant chain, plans to open one of its eateries in the Gateway Shopping Center in Devon. The restaurant serves breakfast and lunch and offers a menu based on fresh ingredients for such items as avocado toast and egg white burritos. It will fill 3,333 square feet of space formerly occupied … Read more
Metro is cutting its portfolio of surplus property, announcing a fire sale of sorts of eight lots spanning D.C, Maryland and Virginia that the transit system deems “ideal for development.” The properties, ranging from less than a quarter acre up to nearly 40 acres, will be sold “to save money by reducing maintenance expenses on … Read more
Sprouts Farmers Market Inc. will open its first South Florida store March 20 — one of 15 new locations on tap for the Sunshine State. The supermarket chain’s latest Florida opening was in Clearwater on Wednesday. It’s the seventh Sprouts location in the state. Before the end of the second quarter, Sprouts will open in Naples, … Read more
Organizers of downtown High Point’s revitalization project have found a home for the $20 million Congdon Events Center, which will be bigger than originally planned. New plans for the events center call for building a 25,000-square-foot facility that will connect to two historic properties – The Factory and Plant Seven at the corner of English … Read more
An undisclosed company is considering downtown Burlington for its headquarters, creating 33 jobs with an average salary of $70,455. On Tuesday, the Burlington City Council voted to apply for a N.C. Commerce Building Reuse Grant of $325,000 for “Project Fiber.” If the state approves the grant, the council must approve a 5 percent local match … Read more
Sears will live on — at least for now.
Scientists say the world’s permafrost is getting warmer, with temperatures increasing by an average of 0.3 degrees Celsius (0.54 Fahrenheit) over a decade.
Britain’s Parliament has delivered a crushing verdict on Prime Minister Theresa May’s Brexit divorce deal, rejecting it by 432 votes to 202 — the biggest defeat suffered by a government in modern British political history.
New vehicle sales in Malaysia rebounded last year after two straight years of contraction, thanks to a three-month tax holiday, but growth is likely to remain flat this year amid uncertainties over government policies, an automotive group said Wednesday.
European Union leaders were pleading Wednesday with the U.K. to finally get its act together on Brexit, end internal strife and come up with a realistic plan to leave the bloc — well over two years after Britain decided to leave the EU and departure just 10 weeks away.
Venture X, a firm that provides shared office space, is opening a new location in Las Colinas, according to a report in The Dallas Morning News. The company has leased 12,000 square feet at 955 W. John Carpenter Freeway in Las Colinas, the report said. Florida-based Venture X will open the new location next week. … Read more
British Prime Minister Theresa May survived a no-confidence vote in Parliament on Wednesday to remain in office — but saw more of her power ebb away as she battled to keep Brexit on track after lawmakers demolished her European Union divorce deal.
The Latest on Brexit (all times local):
Delta Air Lines can’t get eight new aircraft in the air. Roughly a million government employees and contractors aren’t being paid. Some Americans who are trying to start small businesses face delays in obtaining the required tax identification number from the IRS.
Brexit has British business owners on edge — and that is great news for Lovespace, a storage and warehousing company outside London.
World shares were mostly higher Wednesday as investors shrugged off the parliamentary defeat of British Prime Minister Theresa May’s plan for leaving the European Union.
President Donald Trump’s nominee to lead the Environmental Protection Agency on Wednesday called climate change “a huge issue” but not the “greatest crisis,” drawing fire from Democrats at his confirmation hearing over the regulatory rollbacks he’s made in six months as the agency’s acting administrator.
The nation’s craft beer taps are being squeezed by the government shutdown, which has put new releases on hold, prevented new breweries from opening and stopped shipments of some suds across state lines.
The local news industry hasn’t been the subject of much good news itself, lately.
The Howard Hughes Corp. has told the city of Elk Grove it plans to demolish the dormant and partially constructed mall near Kammerer Road and Highway 99. Dallas-based Howard Hughes (NYSE: HHC) owns the project formerly known as the Outlook Collection at Elk Grove on the southeast side of the city just off Highway 99. … Read more
Airbnb will open its first South Bay office location in downtown San Jose as part of an effort to “grow its workforce and presence across the Bay Area.”
The Offices at Chandler Viridian, a 250,000-square-foot office building, is the final piece in a $250 million master-planned mixed-use development.
Manaolana Partners has hired Ian MacLeod, whose background includes working with high-end luxury real estate brands such as Ritz-Carlton, as director of sales for the $1 billion project.
Following a series of departures in the past year, a group of real estate attorneys are now leaving Foster Pepper for Stoel Rives.
Airbnb will open its first South Bay office location in downtown San Jose as part of an effort to “grow its workforce and presence across the Bay Area.”
The Latest on Britain’s exit from the European Union (all times local):
Interest in Oakland has been warming for years, but the 355,000-square-foot deal puts a stamp of legitimacy on the office market’s ability to compete with San Francisco.
The new pair plans to develop more than 1,200 residential units across the D.C. region.
Alexander & Baldwin Inc. has purchased two industrial warehouse buildings in Kapolei for $40 million, the first acquisition financed by the Hawaii real estate investment trust’s $262 million sale of former sugar plantation land on Maui. The two adjacent parcels located on Opule Street in the first phase of Kapolei Business Park total 6.45 acres … Read more
United Airlines reported Tuesday that its fourth-quarter profit slipped 20 percent due to higher fuel and labor costs, but its profit and revenue both beat analysts’ expectations.
Pacific Gas & Electric Co. said this week it will file for bankruptcy, raising concern that rates for electricity and gas will rise and victims of California wildfires who are suing the nation’s largest utility won’t get all the money they may be owed.