WeWork is bringing another co-working location to Chicago as it continues to quickly grow across the city and throughout the U.S. WeWork announced Tuesday that it’s opening a new space at 222 S. Riverside Plaza next to Union Station in the West Loop. The latest office is WeWork’s ninth Chicago location and comes on the heels … Read more
U.S. home sales increased in November for the second straight month, but sales plummeted 7 percent from a year ago amid growing affordability pressures.
Poland has signed a long-term deal with a U.S. company for supplies of liquefied natural gas as part of an effort to reduce its dependence on Russian energy.
Facebook gave some companies more extensive access to users’ personal data than it has previously revealed, letting them read private messages or see the names of friends without consent, according to a New York Times report.
Some of the buildings they have captured include St. Mary’s Church in Troy, Ten Broek Mansion in Albany and The Clark House, which includes Lucas Confectionery Wine Bar and Peck’s Arcade.
The retail landscape shifted significantly in 2018 with the proposal for Topgolf at Oxmoor Center and the arrival of other sports entertainment options at local malls.
CBRE announced it secured a about $45 million loan to develop The Ashby at South Hills Village Station, a new 300-unit apartment development near Upper St. Clair in Pittsburgh, according to a news release. “SunCap completed construction of The Ashby in July of 2018 and the community was over 80 percent leased at refinance,” said … Read more
The acquisition will bring all of its foreign language programs under one roof in Downtown West.
Football season is over for the University of Delaware Blue Hens, but the work is just beginning at their home as Delaware Stadium undergoes a major overhaul. University leaders put shovels in the dirt outside the stadium in Newark, marking the start of a $60 million project to revamp Delaware Stadium and construct a new … Read more
Sand Hill wants to tear down part of a massive East Palo Alto apartment complex it owns near Amazon’s newest office in the city and rebuild it with hundreds more units. The developer is promising to do all that without displacing a single resident — here’s how.
Franklin-based Bristol Development Group is moving forward with a two-building apartment project on Dickerson Pike. Nashville Post reports that the project, planned for the former home of Charlie Bob’s Restaurant, will include 205 units. Bristol will seek a rezoning for the 4.5-acre property next month. The four parcels have addresses of 1330 and 1336 Dickerson … Read more
Skanska has signed another tenant for its new skyscraper underway in downtown Houston. Winston & Strawn LLP signed a 15-year lease for about 62,430 square feet in Capitol Tower, at 800 Capitol St., according to a Dec. 19 press release. The Chicago-based law firm currently has its Houston office at 1111 Louisiana St. and plans … Read more
The job-search engine company is the first tenant for a 38-story tower that’s scheduled to be completed in about a year. This comes on the heels of Indeed signing two major leases in its hometown of Austin, where it plans to add 3,000 employees in the coming years. They’ll go into new office towers downtown … Read more
Hackers have spent years eavesdropping on the diplomatic communications of European Union officials, a U.S. cybersecurity firm said Wednesday, an operation disrupted only after researchers discovered hundreds of intercepted documents lying around on the internet.
Greece’s supreme court has accepted a French extradition request for a Russian bitcoin fraud suspect, whom the same court has, confusingly, already agreed to extradite to the U.S. and Russia.
Greensboro has moved one step closer to getting a new parking deck in downtown Greensboro. According to a report in the Greensboro News & Record, the Greensboro City Council has hired Samet Corp./SRS Inc. as the construction manager at risk for the new parking deck on Eugene and Bellemeade streets. The deck will be near First … Read more
With its Nov. 30 purchase of a Walgreens, a New Jersey-based private REIT, takes us to Southeast Memphis.
For this special year-end edition of The Wrap, we are counting down the top 10 business stories of the year, and revealing them one day at a time. We’re half way there! In today’s installment, Editor Doug Buchanan and I roll out No. 5 – The downtown Hilton expansion. The project, which is estimated to cost $190 to … Read more
FCA Partners owns two other properties in metro Atlanta —a mixed-use center in Buckhead and an apartment complex.
Target (NYSE: TGT) signed a 10-year lease for the 124,450-square-foot warehouse last month.
The company was seeking tech-friendly, customizable space.
Another multifamily property developed by Charlotte firm Terwilliger Pappas is under new ownership. What was formerly called Solis Ballantyne, and has since been renamed at The Flats at Ballatyne, sold for $44.2 million to Baltimore-based Continental Realty Corp., according to Terwilliger Pappas. The development firm delivered the property in partnership with real estate investment company … Read more
As Downtown Troy thrives, some of the last gaps in the city’s center are filling in. Avoiding the fate seen by many a small town across the Midwest, the old historic buildings here have seen reinvestment as a group of local developers take its under-used historic buildings and, one by one, turn them into new … Read more
Cortland, led by CEO Steven DeFrancis, owns more than 10,000 units in Atlanta, which is one of the company’s fastest growing Sun Belt markets.
Volkswagen says it is changing the pay system for its senior management, dropping personal performance bonuses and increasing the extent to which the company’s performance is reflected in variable pay.
China and the United States traded barbs again Wednesday at the World Trade Organization, with the U.S. ambassador accusing China of technology theft while Beijing’s envoy retorted that the U.S. was “finger-pointing.”
Dallas developer KDC has formed a joint venture with Fine Line Diversified Development to construct Class A office space on 60 acres in a high-profile Fort Worth development. Per a news release, KDC and Fort Worth’s Fine Line, a division of Bass Companies, are planning the space at Champions Circle, a 500-acre mixed-use development anchored … Read more
Contractors are uncovering more original layers of the historic Warner Grand Theatre as they restore the building for the Milwaukee Symphony Orchestra. The theater had been vacant for years when it was donated to the MSO by the Marcus family. Before that, it was most recently used as a Marcus movie theater. Much of the … Read more
The Buffalo Common Council approved a proposal from Pharaoh Paige to turn the long-vacant Arcadia Roller Rink into the Zone One Entertainment Complex.
A silent revolution has transformed driving in Norway.
The European Union marked 100 days until Brexit on Wednesday by triggering an action plan to ensure planes can still fly and money can still flow between Britain and the bloc in the increasingly likely event that the U.K. leaves the EU without a divorce deal.
Facebook has announced its third and biggest purge of military-linked accounts in Myanmar, where critics have charged that the social network did too little to block inflammatory material that fueled communal hatred and violence, particularly against the country’s Muslim Rohingya minority.
Plastic knives just won’t cut it any longer, if the European Union has its way.
A lawn care and pest control company has acquired the building that houses its new headquarters.
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 in Leander. The depository will be operated by Lone Star Tangible Assets. Construction is expected to wrap in late … Read more
Drugmakers GlaxoSmithKline and Pfizer plan to merge their consumer health businesses into what will be the world leader in sales of nonprescription medicines such as pain relievers, vitamins and cold remedies.
Stock markets around the world posted solid gains Wednesday ahead of an expected interest rate hike from the U.S. Federal Reserve. More interest though will be on the statement accompanying the decision and the press conference of Fed Chair Jerome Powell.
Nearly two dozen consumer, privacy and public health groups are urging U.S. regulators to investigate whether children are being endangered by deceptive apps in Google’s app store for smartphones running on its Android software.
The Howard Hughes Corp. (NYSE: HHC) has found a tenant for the former CB&I headquarters that it acquired earlier this year. Arena Energy signed an 87,231-square-foot lease in Building 1 of the campus, now called Lake Front North, according to a Howard Hughes Corp. press release. The oil and gas producer, which focuses on lower-risk … Read more
The U.S. government said Tuesday that it is reviewing reports of forced labor at a Chinese internment camp where ethnic minorities are sewing clothes that have been shipped to the U.S. market.
The D.C. Council on Tuesday approved a $5.2 million property tax break for Chemonics, handing a victory to the for-profit international aid company that plans to consolidate its headquarters in a new office building at The Yards. The Local Jobs and Tax Incentive Amendment Act of 2018, approved 10-3, also gives EAB Global Inc., a … Read more
The D.C. Council unanimously approved a bill that requires major disclosures from individuals with ownership interests in any limited liability corporation in the District, a move expected to create sweeping implications for the business community. The bill requires any individual with at least a 10 percent interest or authority to make financial or day-to-day decisions … Read more
Target (NYSE: TGT) signed a 10-year lease for the 124,450-square-foot warehouse last month.
The type of space WeWork is leasing for its first Capitol Hill location suggests it could also become the site of WeWork’s first Seattle retail store.
SoftBank Group Corp.’s Japanese mobile subsidiary suffered a bitter debut Wednesday on the Tokyo Stock Exchange, slumping 15 percent, hurt by a recent service outage and concerns about the use of parts from Chinese telecom giant Huawei.
The launch of a new GPS satellite was postponed for one day Tuesday because of an unspecified problem with the SpaceX Falcon 9 rocket that will put the satellite in orbit.
Google and Facebook have agreed to pay $455,000 to settle allegations that they failed to keep proper records about who was paying for campaign ads on their sites, Washington state Attorney General Bob Ferguson said Tuesday.
In less than a decade, the tech industry doubled its real estate footprint in the Bay Area growing to 200 million square feet of office and research and development space, according to a report from brokerage firm CBRE. That means the industry occupies 42 percent of the region’s total office and R&D space. The Bay … Read more
A well-known local pizza chain is planning a move from midtown Sacramento to downtown, while a concept from Hawaii will take its place.
The Niagara Frontier Transportation Authority has taken the first step toward the oft-discussed redevelopment of the historic DL&W Terminal, the Buffalo River landmark that could serve as a bridge linking Canalside with the city’s Cobblestone District. The NFTA late Tuesday issued requests for proposals to the development community, with bids due back by Feb. 19. … Read more