More than 400 acres of land west of Lincoln is set to be put into permanent conservancy by Placer County supervisors and the county’s Placer Legacy open space program. The county approved the $1.4 million purchase of an agricultural conservation easement this month, which will provide flood control for years to come. The property is … Read more
ongoing redevelopment in the area had helped spur the sale of the Xavier, which fetched an average price of $244,500 per unit — a record for the Class B market in the community.
The Society of St. Vincent de Paul is naming its new, 36,000-square-foot West End outreach center after Don Neyer, former president of Al Neyer, and his late wife, Phyllis. Mike Dunn, executive director of St. Vincent de Paul, said the Neyers “set a terrific example for all of us on how it is to love, … Read more
Austin Business Journal readers let their clicks dictate their selections for the top 10 stories of the year. Amazon.com Inc.’s unorthodox search for a second North American headquarters was obviously top of mind and finds its way into the top 10 a couple of ways, but it was far from being the most popular story … Read more
Huge stories never stopped breaking in 2018. Here’s a look at the top 10 stories of 2018, as selected by Austin Business Journal’s editors. It’s brimming with the names of the world’s most powerful companies making big strides here such as Apple, Amazon, Facebook and Oracle. Of course, the most important stories don’t necessary translate … Read more
Construction is scheduled to start in summer 2019 on a Wangard Partners Inc. upscale condominium project on Milwaukee’s lower east side, representing the first large-scale new condo development for the downtown Milwaukee area in about a decade. The project’s first phase will consist of 70 units, Wangard said in a Monday press release. The development at … Read more
Forty-two states and the District of Columbia added construction jobs between November 2017 and November 2018 — including here in Florida — according to an analysis by the Associated General Contractors of America of Labor Department data. Texas added the most construction jobs during year-over-year in November, 47,100 jobs, a 6.5 percent increase. Other states … Read more
Development in downtown Baltimore grew this past year. A new bridge. Cranes in the sky. And the opening of two new towers. Both skyscrapers raised the profile of Light Street and share the name of one of the city’s main arteries: the 44-story apartment tower, 414 Light Street, and the 28-story One Light Street. 414 … Read more
Most discussion of the new federal Opportunity Zone program has centered on how its potentially substantial tax benefits could boost investment in real estate in economically-distressed communities. Less recognized, but also significant, is the program’s potential to drive angel and venture capital investment in these struggling neighborhoods. Created as part of the tax bill passed … Read more
Our “developer to watch” is tackling 13 projects totaling 4.7 million square feet of space throughout the Bay Area. Our “tenant to watch” has a major headquarters project under construction in an emerging neighborhood.
Year in review 2018: Five of the biggest stories that affected commercial real estate in San Jose. Take a look at the ripple effects Silicon Valley’s long market has had on the South Bay city this year.
The Carpenter Family Ranch, named El Ranchito de Las Colinas, Spanish for “The Little Ranch of the Hills,” was transformed into a master-planned community in 1973. Ben Carpenter envisioned a world-class development that would serve as a center for North Texas businesses and a place for their employees to live. Carpenter’s vision has been realized … Read more
The property is under contract to a veteran developer in Miami.
Publix continues to reinvent its real estate around convenience, from prepared foods to Instacart.
Naming him our person of the year is sure to be controversial, given the polarized nature of this entire saga, including understandable frustration among Crew fans in Ohio. But it’s hard to beat the significance of what it would mean for Austin to land its first team in one of the country’s five largest pro … Read more
In a larger home, a third-party distributor is plotting growth in its Central Ohio business.
A real estate private equity firm based in Greenville, South Carolina, has made its first office acquisition in the Charlotte market.
Springfield’s city commission this week approved a number of initiatives they hope will improve the city’s downtown. “When the downtowns do well, that tends to help anyone touching the downtowns. It just kind of works (its way) out from there. It has a ripple effect,” City Manager Jim Bodenmiller told our news partner WDTN-TV. Bodenmiller said in … Read more
Publix continues to reinvent its real estate around convenience, from prepared foods to Instacart.
Memphis’ newest public company will undergo a little reno work at its HQ. A building permit valued at $1.3 million was submitted Dec. 20 for “interior alterations” at 150 Peabody Place — home of ServiceMaster Global Holdings Inc. and the newly formed Frontdoor Inc. When asked about the permit, a ServiceMaster spokesperson said the permit … Read more
Publix continues to reinvent its real estate around convenience, from prepared foods to Instacart.
It was the Milwaukee School of Engineering seniors’ first venture into architecture: design a hotel or office to stand next to the Kinnickinnic River in a $100 million project by Michels Corp.
After considering condos and luxury rentals, the owner decided the best next step is to build a boutique hotel on the 142-acre property and market it as a place to hold weddings, events and enjoy the outdoors year-round.
For the real estate industry, 2018 was a year to sell for big bucks and embrace the risk of spending money in the hope companies will lease new space.
A Houston-area ranch owned by the estate of Dr. Denton Cooley, a renowned heart surgeon who died in 2016, is for sale with an asking price of $7.3 million. Click the slideshow to tour the property Cool Acres spans 406 acres and is about 10 minutes south of Simonton in Fort Bend County, according to … Read more
A company managed by Keith M. Menin, head of Menin Hospitality, sold the restaurant space at the bottom of the Axis Brickell condo in Miami for $11.5 million. LMNR AXIS Properties, managed by Menin, sold the 13,724 square feet of restaurant/commercial at 79 S.W. 12th Street space to 1111 Landlord LLC, managed by Mathieu Massa … Read more
The owner has been involved in other Triad restaurants.
Tabbris, a coworking company for early-stage startups, is well on its way to opening a 23,000-square-foot space in South End. The space at 1300 S. Blvd., next door to Lincoln’s Haberdashery, was once home to Beazer Homes and pre-bankruptcy Charlotte School of Law. The building first housed Charlotte Trouser Co. in the early 1900s before Lance … Read more
Palmer Development, the developer of the 245,000-square-foot, mixed-use complex called The Edge, selected brokers from Cushman & Wakefield and CBRE to market the retail and office space. CBRE’s Bryan Taute and Charlie von Arentschildt are exclusively marketing the Class A office space for lease. Cushman & Wakefield’s Brent Mallonee, Chris Hollenbeck, Regan Amato and Shane … Read more
La Colombe d’Or in Montrose, a boutique hotel in Montrose, and its restaurant, Cinq, will be closed for more than a year for a major remodel. The restaurant’s last dinner service will be on Dec. 31, according to a press release. The full menu will be served. Houston-based interior design firm Rottet Studio is handling … Read more
Banks in Cyprus are concerned that their adoption of some of the toughest anti-money laundering regulations in the world has not been fully recognized abroad, the chief of the Association of Cyprus Banks said Monday.
The Bank of Israel’s new governor says the country’s financial stability should not be taken for granted in a period of “numerous changes in financial markets.”
President Donald Trump met Monday with his Homeland Security secretary and other officials to discuss border security issues as a partial government shutdown over his U.S.-Mexico border wall entered Christmas without a clear resolution in sight.
The departure of Defense Secretary Jim Mattis in a week will thrust President Donald Trump’s largely unknown choice for acting Pentagon chief into the military hot seat and shift attention to the search for a permanent replacement who will probably face sharp Capitol Hill questioning about the administration’s murky foreign policy.
Stock markets around the world remained under pressure Monday with investor confidence weighed down by the recent big sell-off that’s put key U.S. indexes on course to record their worst December since the 1930s. News that U.S. Treasury Secretary called the CEOs of six major banks Sunday in an apparent attempt to reassure jittery financial … Read more
Asian stocks were mostly lower with light trading on Monday as a Wall Street slump and a partial U.S. government shutdown stemmed holiday cheer.
South Korea said Monday it will fine BMW 11.2 billion won ($9.9 million) and file a criminal complaint against the company with state prosecutors over an allegedly botched response to dozens of engine fires reported in the country.
U.S. Treasury Secretary Steven Mnuchin called the CEOs of six major banks Sunday in an apparent attempt to reassure jittery financial markets coming off a turbulent week in the stock market that is now bracing for potential repercussions from a partial shutdown of the U.S. government.
With another piece of the funding puzzle approved this month, developer Scott Yauck is setting a schedule to start construction in 2019 on his $87 million West Allis project.
Luis von Ahn, the 40-year-old co-founder and CEO of popular language-learning app Duolingo, says one of the challenges of seeing his business grow is having to let go of doing everything. Motivating people and trusting them become important, he says.
In a flood of new releases, “Aquaman” easily swam past “Mary Poppins Returns” and “Bumblebee” to lead the busy pre-Christmas weekend with an estimated $67.4 million over the weekend, according to studio estimates Sunday.
Academy Award winner Matthew McConaughey will act as the venue’s “Minister of Culture,” according to the announcement.
The office market in Houston is highly competitive with 8.6 million square feet in sublease space on the market and a 23.7 percent vacancy. However, health care continues to remain a highly desirable property type, with less than 4 percent vacancy in the Texas Medical Center. With no indications that the medical sector is going … Read more
A White House official says tension between a president and the interest-rate setting Federal Reserve is “traditional as part of our system.”
School districts throughout the U.S. are struggling to find school bus drivers, a challenge that has worsened with low unemployment and a strong economy.
No matter which way the stock market goes in 2019 — and Wall Street has ample arguments for either direction — expect it to be another gut-wrenching ride.
A German journalist who was found to have made up information for numerous articles may now be charged with allegedly soliciting donations for Syrian orphans from his readers.
This would be the first acquisition in Philadelphia for the New York real estate firm, which developed the new World Trade Center.
When workers pried the Trump name off another Manhattan building earlier this year, it capped a bad few weeks for the president’s businesses.
London’s Gatwick Airport operated without problems Sunday, but the fugitive drone operators who brought incoming and outgoing flights to a standstill over multiple days remained at large — and a potential threat — after police cleared two local residents who were arrested as suspects.