Raleigh, North Carolina

Prospects for future Bay Area hotel development look good after last year’s surge in hotel proposals and construction projects,

Over 300 units are now under construction.

The LLC recently purchased Apple Rock’s original home at 1200 Eastchester Drive in High Point for $951,000.

United Properties will be allowed to build a covered hotel vehicle entrance and sky-high sign for RBC Wealth Management on its planned downtown Minneapolis tower thanks to a decision by the Minneapolis Zoning and Planning Committee Thursday. The committee overruled several conditions that were placed on United Properties in its years-long effort to build what … Read more

Austin-based Hopdoddy Burger Bar is on a roll in Houston. The popular burger and beer joint opened its fourth and fifth Houston-area locations within the past few months and will open its sixth later this month. The Heights Waterworks location is set to open Jan. 21 at 11 a.m., according to a press release. It’s … Read more

A building permit valued at $300,000 has been filed for a popular restaurant’s new Wolfchase location. Soul Fish Café, which is known for its fried catfish and fresh vegetables, will open its fourth Memphis-area restaurant at 8413 U.S. 64 in the Wolfchase Galleria-area. The restaurant will be directly east of an existing McAlister’s Deli and … Read more

The homes are priced from $589,900.

The empty hallways and storefronts of the Morrisville Outlet Mall near Raleigh-Durham International Airport could soon get a makeover.

The Triangle’s commercial real estate scene has a new recruit. Ron Francis, who played 23 seasons in the National Hockey League and became general manager of the Carolina Hurricanes, is changing careers. He will join NAI Carolantic Realty, which Chairman Steve Stroud founded in 1972. “It’s been a long time since I’ve been the rookie,” … Read more

This company has been eyeing Orlando for four years, seeing the city grow as a hot spot for entrepreneurs.

Opportunity zones are expected to be one of the hottest topics in Birmingham’s business world in 2019. The new program, which is part of the federal tax reform package, allows individuals or corporations to roll unrealized capital gains into opportunity funds that can be used for investment in startups and small businesses, as well as real … Read more

Every year, the CES gadget show brings more devices promising to make life a little bit easier for harried parents.

Treasury Secretary Steven Mnuchin plans to tell lawmakers in a classified briefing Thursday that the Trump administration will keep strict U.S. sanctions on the Russian oligarch Oleg Deripaska and any companies he owns.

A Dayton-area bank is rebranding and will soon open its fourth location. New Carlisle Federal Savings Bank plans to build a second branch in Springfield on North Limestone Street. The 5,500-square-foot new building will be about a $2 million investment, according to NCF Savings Bank Marketing & Community Development Manager Jordan Tyler. The branch is … Read more

As the development team comes together on the look for the new Hilton Columbus Downtown expansion, the plan to finance the project also is being refined. The Franklin County Convention Facilities Authority has approached Columbus and Franklin County officials with its plans to finance the $210 million, 28-story hotel tower with two sets of 30-year … Read more

The Jeffersontown hotel and conference center has had a difficult financial past under numerous owners and flags.

Giant Food Stores is scheduled to open its first Heirloom Market, a new grocery concept, at 2303 Bainbridge St. in the Graduate Hospital neighborhood of Philadelphia on Jan. 25.  The company announced last fall that it intended to open the store at that location but had not scheduled a date. The Bainbridge store will total … Read more

Harbor Freight Tools has a 15-year lease for the 15,000-square-foot store, which opened in fall 2017.

Amazon.com Inc. will not have a problem finding qualified employees for its Arlington headquarters campus, according to a new survey. Actually, it might have to turn people away. Arlington, Virginia-based Eagle Hill Consulting enlisted Ipsos to survey a random sample of 1,007 Greater Washington workers on aspects of the HQ2 announcement and its impact on … Read more

New tenants have signed leases at Canton’s Can Company in the wake of a gussy up at the development by its new owners. The deals will bring the 205,865-square-foot retail and office complex at 2400 Boston St. to almost full capacity, a spokesman for property manager and part-owner MCB Real Estate said Thursday. One of … Read more

“This is going to clean up basically all the blight that is left between South City and Downtown.”

It was the hefty incentives package that North Carolina, Charlotte and Mecklenburg County put on the table that ultimately sealed the deal for Fortune 100 electronics manufacturer Honeywell International Inc. to relocate its headquarters to the Queen City. That’s not exactly new information. But public records submitted to Charlotte Business Journal from the N.C. Department … Read more

California Gov. Gavin Newsom released a state budget proposal Thursday that seemingly does it all — boosts spending toward his ambitious campaign promises and sets aside significant contributions toward debts and savings.

Hedge fund manager Eddie Lampert has increased his bid for Sears Holding Corp. Through ESL Investments, Lampert met a 4 p.m. deadline on Wednesday in which a $5 billion bid was made, reports say. Sears, a 126-year-old retailer, filed for bankruptcy protection on Oct. 15. If it were to liquidate, hundreds of stores would close … Read more

What Shipt’s new downtown lease means for the future of Birmingham office real estate.

BlackRock Inc. is cutting about 500 jobs as part of an effort streamline parts of its business. The New York-based money manager (NYSE: BLK), touted as the biggest with $6.4 trillion in assets under management, began laying off staffers Thursday, according to The Wall Street Journal. The cuts make up roughly 3 percent of BlackRock’s more … Read more

Seven years, $765 million — here’s what’s happening with phases I and II of National Western Center redevelopment.

Thomas Brophy has been named research director for the Colliers International Arizona office. “Tom brings an exciting level of expertise and energy to our team,” said Bob Mulhern, senior managing director of Colliers International in Arizona, in a statement. “His creative outlook on the future of data synthesis will significantly enhance our client service in … Read more

Nominations are being accepted online for the San Antonio Business Journal’s 2019 Building San Antonio Awards. The inaugural Building San Antonio Awards will be held May 9; the time and venue are to be determined. This new event aims to celebrate excellence in commercial real estate development in 2018, including those in professions vital to … Read more

What Shipt’s new downtown lease means for the future of Birmingham office real estate.

The coworking space provider is D.C.’s largest private tenant.

Hedge fund manager Eddie Lampert has increased his bid for Sears Holding Corp. Through ESL Investments, Lampert met a 4 p.m. deadline on Wednesday in which a $5 billion bid was made, reports say. Sears, a 126-year-old retailer, filed for bankruptcy protection on Oct. 15. If it were to liquidate, hundreds of stores would close … Read more

Scorecard checks back on our headlines from a year ago. This is an update to the Dec. 4, 2017, story “Charlotte developer pursues huge site owned by prominent Nashville investor.”

Federal Reserve Chairman Jerome Powell said Thursday that the central bank has the ability to be “patient” in determining when to hike interest rates.

A day of back-and-forth trading Thursday ended with the fifth gain in a row for U.S. stocks. Industrial companies like Boeing and General Electric rose while retailers fell as Macy’s suffered its biggest loss of all time.

Fiat Chrysler agreed on Thursday to pay hundreds of millions of dollars, including a $300 million fine to the U.S. government, to settle allegations that the Italian-American automaker cheated on emissions tests.

The property was last assessed for $36.8 million by the Bexar County Appraisal District.

The goal is to attract biotech tenants in the Boston-Cambridge area.

The coworking space provider is D.C.’s largest private tenant.

Duke Energy buys former theater in Florence

It was the hefty incentives package that North Carolina, Charlotte and Mecklenburg County put on the table that ultimately sealed the deal for Fortune 100 electronics manufacturer Honeywell International Inc. to move its headquarters to the Queen City. That’s not exactly new information. But public records submitted to the Charlotte Business Journal from the N.C. … Read more

Caledonia officials are trying to jump on the redevelopment wave in Racine County and attract a project to more than 20 acres that sit vacant along Lake Michigan.

The Purple Line light-rail project linking New Carrollton with Bethesda is at least a year behind schedule, with delays adding upward of $215 million to the price tag, The Washington Post reported Thursday. The development team for the light rail line, Purple Line Transit Partners, has informed the state that opening by February 2023 is … Read more

Chevy Chase Pavilion could soon take on a new image. New York City-based Clarion Partners, owner of the mixed-use center at 5335 Wisconsin Ave. NW, is considering converting existing retail to medical office space, according to a Dec. 24 zoning determination letter issued by a D.C. zoning official. That’s because a portion of the nearly … Read more

In a story Jan. 9 about television ratings for President Donald Trump’s prime-time speech Tuesday, The Associated Press erroneously reported the estimated number of viewers. The Nielsen company’s public report about the number of viewers did not include people who watched on CBS, because the network’s contract with Nielsen expired at the end of last … Read more

U.S. long-term mortgage rates continued to fall this week, reaching their lowest levels in nine months.

American Airlines said Thursday that its fourth-quarter revenue and full-year 2018 profit will be lighter than previously expected, raising investors’ fears that airlines are discounting too many seats because of cheaper fuel.

Eight shovels, engrained with the name “Sunport South Business Park,” across the front, dug into the barren New Mexico dirt Wednesday afternoon, symbolizing the beginning of a massive development project. Over the years, the hope is that the dirt will turn into a massive business hub for e-commerce, warehousing, distribution, manufacturing and fabrication off Interstate 25. … Read more

Hedge fund manager Eddie Lampert has increased his bid for Sears Holding Corp. Through ESL Investments, Lampert met a 4 p.m. deadline on Wednesday in which a $5 billion bid was made, reports say. Sears, a 126-year-old retailer, filed for bankruptcy protection on Oct. 15. If it were to liquidate, hundreds of stores would close … Read more

Sustainable Development Partners already has transformed the former Westport Junior High into Plexpod Westport Commons, a bustling coworking campus with 600-plus members. Now, the developer is ready to breathe new life into the former Westport High School across the street.  Sustainable Development Partners detailed its plans Wednesday during Kansas City’s Planning, Zoning & Economic Development … Read more