Shipt inks huge lease downtown; skyscraper will become Shipt Tower in 2020
Shipt will soon add its name to a downtown Birmingham skyscraper after signing a massive lease in the building currently known as Wells Fargo Tower.
Shipt will soon add its name to a downtown Birmingham skyscraper after signing a massive lease in the building currently known as Wells Fargo Tower.
This international company has made a bet on the Jacksonville industrial market.
The Supreme Court seemed inclined Monday to side with drugmaker Merck & Co. in a dispute over the warning label on its bone-strengthening drug Fosamax.
Jim Yong Kim, the president of the World Bank, announced Monday he is resigning at the end of January.
Merriweather Post Pavilion is adding 30 suites in time for the summer concert season, the next phase of a $50 million, five-year renovation to the storied Columbia venue. The new premium seats are part of a $1.5 million permit filed by general contractor Costello Construction, which also shows the funds will be used for something … Read more
Jan. 4’s list takes a look at the suburban office centers Dayton-area businesses call home.
The California-based company Verily, formerly Google Life Sciences, is bringing an addiction treatment and mental behavioral health program to Dayton. Google has been preparing to enter the Dayton market for well over a year now, and those plans should come to fruition in 2019, including the possible design and construction of residential units as a … Read more
Former Hawaii Lt. Gov. Shan Tsutsui has been named senior vice president of operations of Mahi Pono LLC, the company that recently purchased 41,000 acres of former sugar cane land from Alexander & Baldwin Inc. Tsutsui, who stepped down from Gov. David Ige’s administration nearly a year ago to take a job on Maui with … Read more
One of the largest office buildings in downtown Dayton has been sold to a local investor. The Talbott Tower, located at 131 N. Ludlow Street, sold on Jan. 3 for $1.8 million, according to Montgomery County property records. The buyer is listed as Talbott Tower Holding LLC, which lists a mailing address in Dayton. Construction … Read more
The project is near a potential public transit corridor.
The county will also consider the expansion of a self-storage facility.
Phoenix Investors of Milwaukee added buildings in Missouri and Illinois to its growing portfolio of industrial properties that now spans 24 states. The two recently completed sales add 754,580 square feet to the company’s holdings, which now total about 24 million square feet, according to a Monday press release that did not disclose purchase prices. … Read more
Plans filed with the city contain new details about two six-story office and retail buildings that would likely be the second projects in Sacramento’s Railyards development.
Collision Care will expand its repair and auto body services at the property.
The CES 2019 gadget show is revving up in Las Vegas. Here are the latest findings and observations from Associated Press reporters on the ground as technology’s biggest trade event gets underway.
One day, finding an oven that just cooks food may be as tough as buying a TV that merely lets you change channels.
U.S. service firms grew in December at the slowest pace in five months, a possible indication that various headwinds from turbulent markets to trade tensions could be having an impact on economic activity.
Austin-based RedLeaf Properties is set to take over the Bell Boulevard project in Cedar Park — it would transform a plain section of U.S. Highway 183 into a thriving mixed-use area with parks, shops, offices and residences.
A parcel of southeastern Minnesota land once touted as the home of a $1 billion biotech industry park has been sold to the Prairie Island Indian Community for $15.5 million. The Star Tribune reports on the deal, for more than 1,000 acres of land near Pine Island, north of Rochester. The Prairie Island Indian Community … Read more
A group of area investors bought a Lee’s Summit shopping center. An investment group headed by Block & Co. Inc. bought the Valle Vista Shopping Center for an undisclosed price. The 44,330-square-foot center, located southwest of the intersection of Chipman Road and Missouri Highway 291, is fully occupied, according to a release. Tenants include IHOP, … Read more
Lawyer-turned-restaurateur Eric Silverstein is close to expanding his local hospitality holdings. The owner of The Peached Tortilla is set to open his latest business, Bar Peached, on Tuesday at 1315 W. Sixth St., in the Clarksville area just west of downtown. Silverstein left a lucrative attorney job and started The Peached Tortilla as a single … Read more
Plans for a 20-story condominium tower at 3723 Westheimer have been submitted to the the city of Houston. Houston-based urban planning firm Vernon G. Henry & Associates Inc. submitted a variance request for the project, according to the Jan. 3 Houston Planning Commission agenda. The project is for Houston-based multifamily developer Randall Davis Co., per … Read more
With astonishing range and rapidity, big-box retailers and corporate giants are using an aggressive legal tactic to shrink their property tax bills, a strategy that is costing local governments and school districts around the country hundreds of millions of dollars in lost revenue.
The 14-story Minnesota Center building at France Avenue and I-494 has been sold after a successful five-year effort to boost occupancy in the property.
The Philadelphia company is on a mission to shakeup the traditional residential real estate business.
An international distribution company is seeking $261,000 in city and state incentives to open a facility in Jacksonville. If approved by City Council, the company would, in exchange for the incentives, hire at least 87 full-time jobs at an average annual wage of $57,540, according to city documents. The company also plans to invest $50 … Read more
Publix Super Markets Inc. continues to expand its new GreenWise Market banner, this time with a location in Birmingham, Alabama. The Lakeland-based grocer said Friday that it is acquiring two leases from Western Market, a Birmingham-based grocery chain. One of those locations, in Vestavia Hills, will open as a traditional Publix store. The other, in … Read more
Real estate investment firm Crown Property Group acquired Lake Norman Commerce Center in Cornelius and Hickory Grove Business Park in east Charlotte in a deal worth about $20.2 million.
The House of Blues recording complex in Berry Hill has been sold to Universal Music Group. The studio sold in November for $4.33 million, The Tennessean reports. House of Blues opened at 518 East Iris Drive in 2009; prior to that, it was known as East Iris Studios.
Gallery on 43rd Street, an artist business mainstay that was an early cornerstone of Lawrenceville’s revitalization, is closing at the end of the month. Owner Mary Coleman announced the move on Facebook that she will close to the public on January 31, thanking customers and neighbors for their support. Specializing in showing the works of … Read more
One of Nashville’s largest office developers is under contract to buy a piece of a massive mixed-use development site in Antioch. Nashville Post reports that Eakin Partners has a deal in place to buy 30 acres of the Century Farms development site. That’s equal to about 10 percent of the 310-acre property located at exit … Read more
A year and a half after its appearance on “Shark Tank,” Raleigh “paint-and-sip” franchise Wine & Design is planning a new headquarters.
2019 People to Watch: Zena Howard
David Griffin Jr. is confident in future of the property.
Winston-Salem-based Novant Health will open three remodeled urgent-care locations in Charlotte as part of its partnership with GoHealth Urgent Care. Those locations are: Midtown, at 445 S. Kings Drive, opened Sunday Waverly, at 11840 Southmore Drive, opening Tuesday Matthews, at 9600 E. Independence Blvd., opening Thursday The three locations were already operating as Novant clinics. … Read more
The Cincinnati Planning Commission approved zoning changes and initial plans needed for FC Cincinnati’s Major League Soccer stadium on Friday, sending those items to the Cincinnati City Council, where they could face political turbulence. Vice Mayor Christopher Smitherman, a member of the commission, recused himself from the vote because Jostin Construction, a company owned by … Read more
Eli Lilly is spending about $8 billion in cash to buy Loxo Oncology, as the drugmaker bulks up on cancer treatments that target certain gene abnormalities.
The family-owned commercial subcontractor learned a valuable lesson during the Great Recession, and now it is stronger than ever
The Arizona Republic building and parking garage on Second and Van Buren Streets has been sold to ViaWest Group for $37.65 million. Gannett Co., the parent company of the Arizona Republic and azcentral.com, announced it would sell the 10-story office building and parking garage last June. The Republic, KPNX-TV Channel 12 and G/O Digital share … Read more
Britain is testing how its motorway and ferry system would handle a “no-deal” Brexit by sending a stream of trucks from a closed local airport to the port of Dover — even as some legislators try to pressure the government to rule out the scenario.
Security staff at Berlin’s two airports are staging a strike that is causing disruption to flights.
German factory orders dropped in November, dragged down by a fall in demand from other eurozone countries.
With no breakthrough in sight, President Donald Trump will argue his case to the nation Tuesday night that a “crisis” at the U.S.-Mexico border requires the long and invulnerable wall he’s demanding before ending the partial government shutdown. Hundreds of thousands of federal workers face missed paychecks Friday as the shutdown drags through a third … Read more
European markets retreated Monday as the focus turned to trade issues, with U.S. and Chinese officials discussing the tariffs dispute that has raised concerns about global growth.
Tesla Inc. broke ground Monday for a factory in Shanghai, its first outside the United States.
Welcome to the brave new world of investing, where every day in the stock market can feel like bedlam.
State land sales topped $330 million during 2018, a huge surge fueled by increased developer interest in Valley projects in moves that also help provide more money for state schools. Sales through the Arizona State Land Department easily surpassed the $44 million achieved during 2017 and represented about 10 percent of all Valley land sales, … Read more
A California data center operator recently purchased a 49-acre parcel near the city’s airport.
Facing a March deadline, talks aimed at ending a trade war between China and the U.S. are underway, with the world’s two biggest economies expressing optimism over the potential for progress but neither indicating its stance has changed.
Komatsu Mining Corp.’s new Milwaukee headquarters emerged as the biggest economic development project in southeast Wisconsin last year.