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
The firm will move its entire staff to the new space in February or March.
The Greater Sacramento Economic Council CEO said at a recent meeting that the proposed relocation of the Sacramento Zoo caused major companies to back away from locating on the site of the shuttered Sleep Train Arena.
It’s getting harder to find a $4 lunch in downtown Minneapolis. The Star Tribune reports on the shift of fast-food chains like McDonald’s and Arby’s away from the downtown core, noting that Arby’s shut down its lone downtown location just before Thanksgiving. The downtown Arby’s had been at Northstar Center for decades, but the restaurant … Read more
Search engine behemoth Google announced Monday it will spend $1 billion to build a new campus in New York, according to a company blog post. “Today we’re taking the next step in our commitment to our New York City presence by investing over $1 billion in capital improvements to establish a new campus, Google Hudson … Read more
A $50 million, nine-story office building could break ground in April in downtown Milwaukee as law firm Husch Blackwell LLP has committed to lease its top three floors. The 153,000-square-foot building is planned for a parking lot at North Broadway and East Clybourn Street, where a historic section of downtown meets the 3rd Ward. The … Read more
The project might include an upscale gourmet grocery store that could serve FDA employees.
Construction started last week on the first precious metals depository in the country that will be administered by a state. Austin-based general contractor MHT Constructors LLC broke ground Dec. 12 on the 40,000-square-foot Texas Bullion Depository on Heritage Grove Road near U.S. Highway 183 in Leander. The depository will be operated by Lone Star Tangible … Read more
“These run-down houses, these shacks, were perfect for fledgling music businesses. But those little houses just don’t cut it today,” says Ray Stevens, who turns 80 next month. The building Hall Emery plans to develop, Stevens said, “would bring music back that had to leave, because there was not a business building to house them.”
Apple Inc. is buying into one of the worst-kept secrets in Austin real estate, Robinson Ranch. As Austin Business Journal reported in April, the Robinson family earlier this year issued a request for interest and qualifications to feel out what developers might want to do with the roughly 7,000 acres north and east of Parmer … Read more
A Cambria Hotel has opened near BWI Airport, part of the company’s growth in the region.
Government Properties Income Trust (NASDAQ: GOV) has completed the $167 million sale of a southern Virginia portfolio it picked up through its acquisition of First Potomac Realty Trust to a buyer that’s more than familiar with the commercial real estate. DSC Partners LLC co-founders Doug Donatelli and Nick Smith, after all, previously acquired the very … Read more
A condo in Oceana Key Biscayne sold for $11 million. Oceana Key Biscayne Corp., managed by Morella Rincon, sold units LPH4N and LPH6N in the condo at 350 Ocean Drive to Hoceana LLC, managed by POA Management, which is based in Tortola, British Virgin Islands. The condo totals 3,969 square feet with two bedrooms and … Read more
A record number of companies are leaving California for states with a better business climate. Texas is the No. 1 destination, and it’s not just because of taxes.
The $380 million renovation of the Gateway Arch National Park grounds and museum continues to attract national attention, this time in a Wall Street Journal architecture review. The project, listed among the best architecture of 2018 by reviewer Julie Iovine, solved the problem of the popular National Parks system destination being cut off from downtown. … Read more
Foundry Commercial has expanded its footprint in and around Research Triangle Park, buying the office building at 2530 Meridian Parkway for $17.9 million. The real estate firm acquired the 104,400-square-foot facility from JPB Holdings. The Rochester, New York-based investor previously bought the building in 2015 for $15.2 million, with plans to upgrade its common area … Read more
D.C. Councilman Vincent Gray, D-Ward 7, plans to introduce a proposal this week to resolve issues that have cast the creation of a new hospital on the St. Elizabeths campus in Southeast in doubt. GWU Hospital, which has pursued an exclusive deal with the District to develop and operate a new East End hospital to … Read more
Cyprus is on course for its best tourism year in terms of arrivals after official figures showed that the number coming to the east Mediterranean island nation has surpassed 3.8 million for the first time.
The California-based institution has signed a lease for a second location in the region, to complement its Newton office.
The Chattahoochee River National Recreation Area has just been expanded. The Trust for Public Land and the National Park Service announced the acquisition of 18.5 acres of key riverfront property in Forsyth County. It will add nearly 1,000 feet of frontage along the Chattahoochee River in Cumming. The property will be an addition to the … Read more
The buyer is a real estate firm from New York.
Publix Super Markets Inc. has acquired its new store in downtown Tampa’s Channel district from the developers who built it. The Lakeland-based grocer paid $7.69 million for the 37,600-square-foot store, which fronts Meridian Avenue between Twiggs and Madison streets. It is part of the Channel Club, a development that also includes a 21-story apartment tower. … Read more
Lutheran Services buys independent living building.
The company will remain a tenant in the building.
The end of each year inevitably brings … lists. And so begins Triad Business Journal’s look back at 2018. In the coming days, we’ll publish a smorgasbord of lists, including the priciest home sales, the biggest building permits and the top commercial transactions – including a separate list just for the sale of apartment communities. … Read more
Google is rolling out a major expansion in New York City, spending more than $1 billion on a new campus along the Hudson River that will allow it to double the number of people it already employs here.
The Union Dallas, a major mixed-use project in downtown, has added two tenants to its office tower at 2300 N. Field St. TH Real Estate, a real estate investment manager, signed on for roughly 3,600 square feet. Chris Joyner with Fischer represented TH in the lease. “We believe the amenities and best-in-class design will provide … Read more
China and the United States clashed again over their respective trade policies Monday at a time the two countries are trying to iron out their differences so further U.S. tariffs are not imposed on Chinese goods.
The Kremlin has welcomed the decision by the World Economic Forum to renew invitations for three high-profiled Russians after an initial snub.
Brookfield Properties is courting prospective retailers including a bowling alley-type entertainment tenant like Pinstripes to complement Wegmans at its 36-acre development by the planned Reston Town Center Metro station. The Toronto-based developer recently signed Wegmans Food Markets Inc. to an 80,000-square-foot lease at the $1.4 billion, mixed-use project it is now branding as Halley Rise, … Read more
Prosecco, the fruity sparkling wine made in the northeastern hills of Italy is gaining in global popularity — and producers of Champagne, for so long the dominant bubbly wine, are taking note.
The use of armed drones in the Middle East, driven largely by growing sales from China, has grown significantly in the past few years with an increasing number of state and non-state actors using them in regional conflicts.
Malaysia filed criminal charges against Goldman Sachs and two former executives on Monday for their role in the alleged multibillion-dollar ransacking of state investment fund 1MDB.
World markets were mixed on Monday as British Prime Minister Theresa May prepares to address the House of Commons over a messy exit deal. Most Asian indexes rose on hopes that the Federal Reserve would re-evaluate its hawkish stance at a meeting later this week, following signs of slower global growth.
Nissan’s board met Monday but failed to pick a new chairman to replace Carlos Ghosn, who was arrested last month on charges of violating financial regulations, saying more discussion was needed.
Asian markets rose Monday on hopes that the Federal Reserve would re-evaluate its hawkish stance at a meeting later this week, following signs of slower global growth.
Developers are moving forward with a $150 million project that will bring 175,000 square feet of office space to rapidly changing West Midtown. Developers Jim Meyer of Atlantic Capital Properties and Mack Reese of Gateway Ventures have secured about $60 million in construction financing from Preferred Office Properties that will allow the office development to proceed … Read more
A quick look at three Valley commercial real estate deals from the past week: Mountain View Marketplace, a shopping center that includes a vacant Safeway store that will soon be a VASA Fitness, sold for $8.3 million. The center, located at 3131 E. Thunderbird Road in Phoenix, was bought by Fortis Development LLC from Mountain … Read more
A surge of development is taking place across Gwinnett County. From unincorporated areas to town centers, retail, residential, offices and hotels are taking shape.
Some Fred’s employees are now sporting email signatures that feature a new office address — in Dallas. The Memphis Business Journal recently obtained the emails of “category leader” employees for the general merchandise and pharmacy chain; those emails listed 2001 Bryan Street in Dallas, Texas, as part of their signature. Fred’s headquarters is currently — … Read more
A real estate investment firm co-founded by President Donald Trump’s son-in-law and adviser, Jared Kushner, is betting big on the administration’s Opportunity Zone tax breaks but isn’t that interested in steering its investors to the poorest, most-downtrodden areas that the program seeks to revitalize.
Yellow vest protesters occupied dozens of traffic roundabouts across France on Sunday even as their movement for economic justice appeared to be losing momentum on the fifth straight weekend of protests.
Supporters of British Prime Minister Theresa May dampened suggestions Sunday that the government is planning a second referendum on whether to leave the European Union, arguing that another Brexit vote would exacerbate divisions in the U.K., not heal them.
After months of delays, the U.S. Air Force is about to launch the first of a new generation of GPS satellites, designed to be more accurate, secure and versatile.
‘The land baroness of Fremont’ has turned over major investment decisions to her son, but she remains active in the Fremont Dock Co. and has no plans to develop apartments.
The past year has seen some major upheaval in the business landscape across the Milwaukee area, and that goes well beyond the considerable amount of recently completed real estate development that has changed the city’s skyline. Nationwide, brick-and-mortar retailers are on the decline and a few big business conglomerates like General Electric Co. are breaking … Read more
The ownership of WestShore Plaza wants to replace Sears and a sea of surface parking with multiple buildings — including a few high rises — that could be home to anything from condos and apartments to office space to a grocery store. Washington Prime Group (NYSE: WPG) is asking the city rezone the entire mall from … Read more
Almost 200 nations, including the world’s top greenhouse gas producers, China and the United States, have adopted a set of rules meant to breathe life into the 2015 Paris climate accord by setting out how countries should report their emissions and efforts to reduce them.
The German government anticipates a drop in asylum applications in 2018, even including the thousands of babies born to recent migrants.
While a Huawei executive faces possible U.S. charges over trade with Iran, the Chinese tech giant’s ambition to be a leader in next-generation telecoms is colliding with security worries abroad.