Stock markets around the world posted solid gains Wednesday ahead of an expected interest rate hike from the U.S. Federal Reserve. More interest though will be on the statement accompanying the decision and the press conference of Fed Chair Jerome Powell.
Nearly two dozen consumer, privacy and public health groups are urging U.S. regulators to investigate whether children are being endangered by deceptive apps in Google’s app store for smartphones running on its Android software.
The Howard Hughes Corp. (NYSE: HHC) has found a tenant for the former CB&I headquarters that it acquired earlier this year. Arena Energy signed an 87,231-square-foot lease in Building 1 of the campus, now called Lake Front North, according to a Howard Hughes Corp. press release. The oil and gas producer, which focuses on lower-risk … Read more
The U.S. government said Tuesday that it is reviewing reports of forced labor at a Chinese internment camp where ethnic minorities are sewing clothes that have been shipped to the U.S. market.
The D.C. Council on Tuesday approved a $5.2 million property tax break for Chemonics, handing a victory to the for-profit international aid company that plans to consolidate its headquarters in a new office building at The Yards. The Local Jobs and Tax Incentive Amendment Act of 2018, approved 10-3, also gives EAB Global Inc., a … Read more
The D.C. Council unanimously approved a bill that requires major disclosures from individuals with ownership interests in any limited liability corporation in the District, a move expected to create sweeping implications for the business community. The bill requires any individual with at least a 10 percent interest or authority to make financial or day-to-day decisions … Read more
Target (NYSE: TGT) signed a 10-year lease for the 124,450-square-foot warehouse last month.
The type of space WeWork is leasing for its first Capitol Hill location suggests it could also become the site of WeWork’s first Seattle retail store.
The launch of a new GPS satellite was postponed for one day Tuesday because of an unspecified problem with the SpaceX Falcon 9 rocket that will put the satellite in orbit.
SoftBank Group Corp.’s Japanese mobile subsidiary suffered a bitter debut Wednesday on the Tokyo Stock Exchange, slumping 15 percent, hurt by a recent service outage and concerns about the use of parts from Chinese telecom giant Huawei.
Google and Facebook have agreed to pay $455,000 to settle allegations that they failed to keep proper records about who was paying for campaign ads on their sites, Washington state Attorney General Bob Ferguson said Tuesday.
In less than a decade, the tech industry doubled its real estate footprint in the Bay Area growing to 200 million square feet of office and research and development space, according to a report from brokerage firm CBRE. That means the industry occupies 42 percent of the region’s total office and R&D space. The Bay … Read more
A well-known local pizza chain is planning a move from midtown Sacramento to downtown, while a concept from Hawaii will take its place.
The Niagara Frontier Transportation Authority has taken the first step toward the oft-discussed redevelopment of the historic DL&W Terminal, the Buffalo River landmark that could serve as a bridge linking Canalside with the city’s Cobblestone District. The NFTA late Tuesday issued requests for proposals to the development community, with bids due back by Feb. 19. … Read more
In less than a decade, the tech industry doubled its real estate footprint in the Bay Area, growing to 200 million square feet of office and research and development space, according to a report from brokerage firm CBRE. That means the industry occupies 42 percent of the region’s total office and R&D space. The Bay … Read more
The project will include a 15-story office tower and either a residential or hotel development.
Ground has finally been broken – at least in a ceremonial sense – on FC Cincinnati’s $250 million soccer stadium in the West End. The team poised to move up to Major League Soccer as an expansion franchise next season held the groundbreaking ceremony on Tuesday afternoon with several hundred fans in attendance and a … Read more
President Donald Trump and leaders in Congress appeared to be pulling back Tuesday from a government shutdown over his $5 billion request for border wall funds, with the first signs of movement toward a possible end to the standoff.
The Houston company that bought Sunset North two years ago is asking the city to rezone 7.2 acres for transit-oriented development.
The 21-story condo tower a South Florida developer proposed on Bayshore Boulevard is moving forward as Hyde Park House. Kolter Group, based in West Palm Beach, has filed a site plan for the project with the city and anticipates a decision on the proposal from the Architectural Review Commission in early February, said Truett Gardner, … Read more
The condos are priced in the high $4 million range.
The business park south of DIA has gained another tenant.
Joel Weinshanker, the head of Elvis Presley Enterprises, appeared to offer the City of Memphis a peace offering during Tuesday’s Memphis City Council meeting. “Let’s take a step back and allow the people who really care about Memphis to see if we can come to an agreement in the next 30 days,” Weinshanker said. “We’re … Read more
Looking back on our Bay Area real estate coverage this past year reconfirmed that readers love superlatives. The most popular stories (as measured by online traffic) touched on blockbuster leases, record-breaking office sales, ultra-expensive homes and transformative megaprojects. Readers were also fascinated with skyrocketing construction costs and how they shaped what did — and didn’t … Read more
FedEx Corp. delivered a disappointing earnings report Tuesday and said it plans to offer buyouts to some of its workers and reduce spending to make up for weak international shipping, especially in Europe.
It’s a high-stakes game of whack-a-mole with no end in sight.
Vatterott Educational Centers Inc. said Monday that all its locations, including three in the Memphis area, would close, effective immediately. The private chain of vocational schools said in a letter to students that changes in “economic and regulatory conditions in recent years” prompted the move. It said it couldn’t continue operations “under these restrictions” and … Read more
For someone interested in investing in opportunity zones but concerned about not being an expert in that area, Kansas City-based AltCap plans to offer a solution.
Axon will eventually move and consolidate its offices from its current Scottsdale offices at 17800 N. 85th St., about 10 miles from the proposed new headquarters building.
Franklin-based The Parkes Cos. Inc. is spearheading the 54-acre Avalon project, which would involve development all the way around the traffic circle at McEwen Drive and Cool Springs Boulevard.
The 12-story court facility to replace the aging Herman Marion Sweatt Courthouse would feature a cafe, court rooms, offices and a child care center, according to city documents. A 14-story office building on the same lot is also a long-term possibility.
Rachel Thomas-Murphy’s small business is ready to expand.
Northland Properties, a Canadian company headed by Dallas Stars owner Tom Gaglardi, is planning two hotels in Irving. As reported by the Dallas Morning News, Northland has purchased 7.5-acre sites for the lodgings at a 36-acre mixed-use project on the corner of State Highways 141 and 161 in the Las Colinas neighborhood. The acreage is … Read more
“It’s a great piece of property with frontage on the river.”
Allegations of a financial oversight at SABOR were first brought to light in a letter written by ousted CEO Shane Johnson to the organization’s board of directors.
Prada is no longer selling a line of accessories and displays following complaints they featured blackface-style imagery.
Fears of a recession have been mounting with the U.S. stock market appearing to be headed for its worst December since 1931 — during the Great Depression.
The new owner of a prominent Capitol Square office tower says he wants it to be a leader in the resurgence of downtown’s austere office giants. Birmingham, Michigan-based ValStone Partners hasn’t said much since it acquired the $46.9 million loan to the Fifth Third Center at 21 E. State St. early this year. But that … Read more
Texas once again opened the checkbook to win an economic development prize from California. In the latest foray from the Lone Star State, Williamson County leaders have approved incentives for the large campus that Apple Inc. (NASDAQ: AAPL) plans to build in North Austin. County commissioners voted unanimously Tuesday to enter into a so-called Chapter … Read more
A massive portfolio of Harlem apartment buildings has been sold for more than $250 million. According to The Real Deal, Sugar Hill Capital Partners bought a collection of about 50 buildings, all located north of the northwest corner of Central Park. Jay Solomon, Sugar Hill’s chief creative officer, told the publication: Sugar Hill also owns … Read more
The sales price breaks down to $97 per square foot.
About a year after wrapping up the first phase of its 1 million-square-foot regional office project at Legacy West, JPMorgan Chase & Co. plans to expand its campus. According to a report from the Dallas Morning News, JPMorgan Chase (NYSE: JPM) filed preliminary plans for the hub’s second phase with Plano’s planning and zoning department. … Read more
The D.C Council voted in unanimous support of a TIF bond to fund up to $47 million in public infrastructure for a 1.9 million-square-foot mixed-use Rhode Island Avenue project in Ward 5. The vote hands a victory to developer Bethesda-based MidCity Financial Corp., which has been working for years to drive the mixed-use project forward. … Read more
A North Texas business communications company is relocating its headquarters within the Plano market. Mitel announced it will move its U.S. corporate office from 5850 Granite Parkway in Plano to The Campus at Legacy, located at 5360 Legacy Drive in Plano. It will occupy 82,464 square feet at the development. “As Mitel continues to drive … Read more
Texas has once again opened the checkbook to win an economic development prize from California, this time with local leaders approving incentives for the large campus that Cupertino iPhone giant Apple plans to build in North Austin.
The fitness center, which will look out toward Target Field and the Mississippi River, will likely be the highest in Minneapolis because most office buildings use lower levels for their amenities.
One piece of major redevelopment slated for Alexandria’s west end got the go-ahead from the City Council on Saturday, though the project isn’t likely to start anytime soon. The council unanimously approved the first phase of Pickett Place, which Greenhill Capital Corp. plans to develop at South Van Dorn Street, Edsall Road and South Pickett … Read more
Catamount Constructors Inc. are set to deliver the entire TJX Companies 1.7 million-square-foot warehouse in January.
Move will be complete at the end of January.
Avison Young, a global commercial real estate broker with offices in Manhattan, is marketing the property as a 4.2 million-square-foot mixed-use development.