Investors add 123,000-square-foot office complex to portfolio

A team of real estate investors who’ve made some big moves in Portland in years past have added a three-building office complex in Tigard to their portfolio. Meriwether Partners, which has offices in Portland and Seattle, has acquired the Tigard Corporate Center, a three-building project developed by local firm Specht Development in 2000. The buying … Read more

Developer's plan for second Maui hotel triggers need for EIS

R.D. Olson Development’s plan to build a second limited-service hotel on Maui outlined in an environmental assessment last summer has triggered a requirement to prepare a more detailed environmental impact statement. California-based R.D. Olson, which built the 138-room Courtyard by Marriott hotel near the Kahului Airport and Costco, had published a draft EA in August … Read more

Food Pantry owner signs lease for new store concept at Lilia Waikiki

The Hawaii-based owner of Foodland Super Market Ltd. and Food Pantry Ltd. has signed a long-term lease to open a full-service grocery store on the first two floors of Lilia Waikiki, a planned 285-foot mixed-use apartment tower planned for the center of Waikiki. The grocery store, which will be called The Market at Waikiki, will … Read more

Water Street Tampa will make monumental progress in 2019. Here's what to expect in the year ahead.

If 2018 felt like a whirlwind for Water Street Tampa, 2019 will be even bigger. A new hotel and residential and office towers will break ground in the mixed-use urban district under construction in downtown Tampa, and the developer expects a flurry of leasing activity for retail and office space, said James Nozar, CEO of … Read more

Beaches-area apartments sell for $24.5 million

A 204-unit apartment community near Atlantic Beach has sold for $24.569 million. The Cove at Atlantic Beach, located at 2160 Mayport Road, was sold by the Atlanta-based Carroll Organization, which bought the property in 2014 for $13.025 million, to a partnership led by California-based Laguna Point Properties. The sale closed on Dec. 14. CBRE’s Joe … Read more

Google to take over Los Angeles mall, replacing Macy's, Nordstrom

Macy’s and Nordstrom moved out; Google Inc. is moving in. The tech giant has leased the entirety of One Westside, a redevelopment project at the Westside Pavilion in West Los Angeles that is turning the shopping mall into a 584,000-square-foot creative office campus. The approximately 14-year lease will commence when construction and tenant improvements are … Read more

House Democrats demand briefing on Russia sanctions decision

The leaders of seven House committees are calling on Treasury Secretary Steven Mnuchin to explain why the United States is easing sanctions on companies linked to Russian oligarch Oleg Deripaska. It’s one of the first moves of the new Democratic House to scrutinize President Donald Trump’s actions related to Russia.

Newmark Grubb Zimmer names veteran as new CEO, president

Newmark Grubb Zimmer has named longtime broker Mark Long as its new president and CEO. Long succeeds Ellen Darling as CEO and David Zimmer as president. The move, effective Jan. 1, represents the first time the commercial real estate company will be led by someone outside the Zimmer family. The company’s board unanimously approved Long’s … Read more

Lakeside Country Club GM speaks on club's $32M renovation

Hurricane Harvey might have taken Lakeside Country Club briefly out of commission, but a $38 million renovation will transform it into a “state of the art” club, the club’s general manager told the Houston Business Journal. Construction on Lakeside Country Club’s new clubhouse has been ongoing since August 2018 and is set to wrap up … Read more

Iconic Taos resort sold to Alabama hotelier

The Kachina Lodge Resort and Meeting Center in Taos was sold to M & M Partnership, a Birmingham, Alabama-based hotelier, on Jan. 2, according to a press release. The new owners will begin renovations, said Pinder Gill, partner at M & M, in a press release from the company. “The Kachina Lodge is a part … Read more

6 companies submit bids for new JEA headquarters; board to pick site before proposals made public

Six companies have submitted proposals to develop JEA’s proposed headquarters, the authority announced Tuesday. The companies’ names and proposed headquarter sites were revealed at the procurement meeting Tuesday, but few other details were made public. The utility plans to narrow the respondents to a shortlist in two weeks — before details on the proposals will … Read more

Last-minute deal could save Sears after liquidation seemed imminent

On Tuesday morning, it appeared that Sears Holding Corp. was moving closer to liquidation, after Reuters reported that Sears executives planned to ask a bankruptcy judge if the retail chain can proceed with liquidation. But by Tuesday afternoon, CNN reported that following delays at a morning hearing in bankruptcy court, attorneys for Sears said the … Read more

Twin Cities industrial buildings sell for $5 million in acquisition of Minnesota Supply Co.

An entity related to Wiese USA, a St. Louis, Mo.-based material handling equipment company, has paid $4.8 million for two Eden Prairie industrial buildings in a move to acquire Minnesota Supply Co. Minnesota Supply, a 100-year-old material handling equipment supplier, is based in Eden Prairie and employs 80 people. The deal with Wiese will not … Read more

New Salt + Smoke location coming this spring

One of St. Louis’ favorite barbecue spots will add its third location in St. Charles this spring. Build-out on the new restaurant is underway. Salt + Smoke, which already has locations in the Delmar Loop and the St. Louis Hills neighborhoods, will open at 501 S. Main Street in historic downtown St. Charles in the … Read more

Office park near Love Field snapped up by New York investor

An office building on West Mockingbird Lane in Dallas has changed hands. According to a report from the Dallas Morning News, Mockingbird Office Park has been picked up by a partnership owned by New York’s Center Court Partners. The six-building campus, located at 1515 W. Mockingbird Lane, is only a few miles from the entrance … Read more