Suffolk launches student-loan repayment program

Suffolk Construction, the largest general contracting company in Massachusetts, this January will launch a student-loan repayment program for its employees in an effort to reduce their financial stress and help them focus on long-term career growth. Outstanding U.S. student loan debt reached a record $1.465 trillion in November, a rate that has doubled since June … Read more

Worthington Inn to close for redevelopment

One of the oldest food establishments in Central Ohio is shutting its doors ahead of a redevelopment. The Worthington Inn, at 649 High St., announced on its website Wednesday afternoon it will close its doors Jan. 1. The restaurant’s historic building is being redeveloped into a mixed-use space with office, retail and a smaller ground-level … Read more

Construction begins on $129M, 29-story tower in uptown

Raleigh-based Dominion Realty Partners broke ground on a $129 million, 29-story tower in uptown Charlotte this week. F.N.B. Corp. (NYSE: FNB), based in Pittsburgh, will anchor the tower at 401 S. Graham St. and take more than 40,000 square feet including a ground-floor retail branch. The project, dubbed FNB Tower-Charlotte, is on a 0.7-acre site … Read more

Multimillion-dollar medical office building opens

Premier Health has opened a $4.5 million medical office building in the city of Monroe, which includes areas of Butler County and Warren County. The 19,300-square-foot building at 35 Overbrook Blvd. is about 5 miles southwest of Atrium Medical Center in Middletown, which is part of Dayton-based Premier Health and one of the largest hospitals … Read more

Google affiliate buys hundreds of acres in New Albany

Google looks to be moving ahead with plans to invest in Central Ohio. Montauk Innovations LLC, the Google affiliate that received a set of incentives for a prospective $600 million data center in New Albany, has acquired more than 200 acres of land north of Morse Road and west of Beech Road, on the county … Read more

New York online luggage startup Away opens seventh location

Luggage startup Away has opened a storefront at 50 Seaport Blvd., the seventh physical location for the previously online-only brand and another example of the “clicks to bricks” trend on prominent display in Boston’s Seaport District. Away’s “smart suitcases” range in price from $225 to $295 for adults and $195 for kids’ carry-ons, and feature … Read more

Glenstone, Hitt Contracting spar over museum lawsuit tactics

Representatives for Hitt Contracting Inc. have accused a private investigation firm of witness tampering, including threatening and trying to intimidate one of the contractor’s former employees, as part of its contentious lawsuit against the foundation behind the Glenstone contemporary arts museum in Potomac. Lawyers for Hitt, in a Dec. 21 letter, asked U.S. District Court … Read more

Proposals for Good Sam redevelopment to be presented next month

Efforts to redevelop the former Good Samaritan Hospital campus and adjacent neighborhoods will be discussed at a meeting next month. Community members are invited to attend an open house at 6 p.m. Jan. 8 at Fairview school, located at 2314 Elsmere Ave. in Dayton. At the event, the public will hear recommendations for the 13-acre … Read more

Saul Centers advances plans for 'Metro Tower' high-rise in Bethesda

An affiliate of Saul Centers Inc. is advancing plans for a 25-story residential-over-retail building on a prominent corner in Bethesda. Saul has submitted a series of initial drawings and documents outlining plans for its Metro Tower project located on land along the west side of Wisconsin Avenue in the Bethesda Central Business District and just … Read more

5 retail trends to watch in 2019

The future of retail is not all artificial-intelligence driven online shopping. Here are some trends to look for in 2019: Giant online retailer Amazon bought Whole Foods and offers package pickup from online Amazon orders at some Whole Foods locations. Amazon also has opened a handful of Amazon Go cashierless stores and bookstores.  Meanwhile, Walmart, … Read more

Women-led luggage startup Away opens in Seaport District

Luggage startup Away has opened a storefront at 50 Seaport Blvd., the seventh physical location for the previously online-only brand and another example of the “clicks to bricks” trend on prominent display in Boston’s Seaport District. Away’s “smart suitcases” range in price from $225 to $295 for adults and $195 for kids’ carry-ons, and feature … Read more

Benderson picks up more real estate in Portland, Bay Area

Buffalo’s Benderson Development has increased its real estate holdings in the San Francisco Bay area by acquiring a closed Babies R Us location. And the Buffalo company’s West Coast footprint is growing with a similar deal in Portland, Oregon. Terms were not disclosed for the 50,000-square-foot store located off Interstate-580 in the Hacienda Crossings plaza … Read more

Indigma restaurant reopens in Mount Vernon

Indigma will reopen in Mount Vernon tonight, less than two years after an electrical fire forced the popular Indian restaurant to close. The restaurant will open at 5 p.m. for dinner service in the former Tavern on the Hill space at 900 Cathedral St., said Tony Chemmanoor, Indigma’s owner and executive chef. Though only dinner … Read more

Luby’s urges shareholders to vote against activist investor’s board nominees

Houston-based restaurant company Luby’s Inc. (NYSE: LUB) issued a letter to shareholders Dec. 24 urging them to vote against an activist investor’s board nominees amid a proxy battle. The investor, New York-based Bandera Partners LLC, has been pushing for changes at Luby’s and last week filed a preliminary proxy statement to nominate four individuals to … Read more

Five real-estate developments we’re watching in 2019

The Boston Planning and Development Agency approved 41.3 million square feet of real estate development projects in 2018, and some 28 million square feet is under active construction — and that’s just in Boston. The real-estate cycle keeps churning. Here are five real-estate development projects we’ll be keeping an eye on next year. A lot … Read more

Local construction group acquired

A Central Ohio construction operation has been acquired. Adena Construction, based in Mansfield, has signed an agreement to acquire the Ohio operations of Harrisburg, Pennsylvania-based Quandel Construction, which is based in Westerville. Terms of the deal were not disclosed, and the local operation will be merged effective Tuesday. “This acquisition positions Adena Corporation for continued … Read more

Guest column: Every state bordering TN has something we don't — and it's hurting us

What does Arkansas, Kentucky, Virginia, North Carolina, Georgia, Mississippi, Missouri, and Alabama have that Tennessee does not? Answer: construction and rehabilitation occurring in their rural Main Streets that is creating jobs, preserving local heritage, and building a prosperous future for generations to come. Historic rehabilitation creates jobs, revitalizes our downtowns, repurposes underutilized iconic buildings, and … Read more

Cool Offices: PowerObjects' new North Loop home embraces bright, playful vibe

You know you have a “cool” office on your hands when employees are jostling for a space in the new digs. That’s exactly what happened to PowerObjects’ Associate Vice President of Global Marketing Jeff Wedren when his company opened a new office in the TractorWorks Building in Minneapolis’ North Loop neighborhood in June. “We ran … Read more