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
The project will include a 15-story office tower and either a residential or hotel development.
Ground has finally been broken – at least in a ceremonial sense – on FC Cincinnati’s $250 million soccer stadium in the West End. The team poised to move up to Major League Soccer as an expansion franchise next season held the groundbreaking ceremony on Tuesday afternoon with several hundred fans in attendance and a … Read more
President Donald Trump and leaders in Congress appeared to be pulling back Tuesday from a government shutdown over his $5 billion request for border wall funds, with the first signs of movement toward a possible end to the standoff.
The Houston company that bought Sunset North two years ago is asking the city to rezone 7.2 acres for transit-oriented development.
The 21-story condo tower a South Florida developer proposed on Bayshore Boulevard is moving forward as Hyde Park House. Kolter Group, based in West Palm Beach, has filed a site plan for the project with the city and anticipates a decision on the proposal from the Architectural Review Commission in early February, said Truett Gardner, … Read more
The condos are priced in the high $4 million range.
The business park south of DIA has gained another tenant.
Joel Weinshanker, the head of Elvis Presley Enterprises, appeared to offer the City of Memphis a peace offering during Tuesday’s Memphis City Council meeting. “Let’s take a step back and allow the people who really care about Memphis to see if we can come to an agreement in the next 30 days,” Weinshanker said. “We’re … Read more
Looking back on our Bay Area real estate coverage this past year reconfirmed that readers love superlatives. The most popular stories (as measured by online traffic) touched on blockbuster leases, record-breaking office sales, ultra-expensive homes and transformative megaprojects. Readers were also fascinated with skyrocketing construction costs and how they shaped what did — and didn’t … Read more
FedEx Corp. delivered a disappointing earnings report Tuesday and said it plans to offer buyouts to some of its workers and reduce spending to make up for weak international shipping, especially in Europe.
It’s a high-stakes game of whack-a-mole with no end in sight.
Vatterott Educational Centers Inc. said Monday that all its locations, including three in the Memphis area, would close, effective immediately. The private chain of vocational schools said in a letter to students that changes in “economic and regulatory conditions in recent years” prompted the move. It said it couldn’t continue operations “under these restrictions” and … Read more
For someone interested in investing in opportunity zones but concerned about not being an expert in that area, Kansas City-based AltCap plans to offer a solution.
Axon will eventually move and consolidate its offices from its current Scottsdale offices at 17800 N. 85th St., about 10 miles from the proposed new headquarters building.
Franklin-based The Parkes Cos. Inc. is spearheading the 54-acre Avalon project, which would involve development all the way around the traffic circle at McEwen Drive and Cool Springs Boulevard.
The 12-story court facility to replace the aging Herman Marion Sweatt Courthouse would feature a cafe, court rooms, offices and a child care center, according to city documents. A 14-story office building on the same lot is also a long-term possibility.
Rachel Thomas-Murphy’s small business is ready to expand.
Northland Properties, a Canadian company headed by Dallas Stars owner Tom Gaglardi, is planning two hotels in Irving. As reported by the Dallas Morning News, Northland has purchased 7.5-acre sites for the lodgings at a 36-acre mixed-use project on the corner of State Highways 141 and 161 in the Las Colinas neighborhood. The acreage is … Read more
“It’s a great piece of property with frontage on the river.”
Allegations of a financial oversight at SABOR were first brought to light in a letter written by ousted CEO Shane Johnson to the organization’s board of directors.
Prada is no longer selling a line of accessories and displays following complaints they featured blackface-style imagery.
Fears of a recession have been mounting with the U.S. stock market appearing to be headed for its worst December since 1931 — during the Great Depression.
The new owner of a prominent Capitol Square office tower says he wants it to be a leader in the resurgence of downtown’s austere office giants. Birmingham, Michigan-based ValStone Partners hasn’t said much since it acquired the $46.9 million loan to the Fifth Third Center at 21 E. State St. early this year. But that … Read more
Texas once again opened the checkbook to win an economic development prize from California. In the latest foray from the Lone Star State, Williamson County leaders have approved incentives for the large campus that Apple Inc. (NASDAQ: AAPL) plans to build in North Austin. County commissioners voted unanimously Tuesday to enter into a so-called Chapter … Read more
A massive portfolio of Harlem apartment buildings has been sold for more than $250 million. According to The Real Deal, Sugar Hill Capital Partners bought a collection of about 50 buildings, all located north of the northwest corner of Central Park. Jay Solomon, Sugar Hill’s chief creative officer, told the publication: Sugar Hill also owns … Read more
The sales price breaks down to $97 per square foot.
About a year after wrapping up the first phase of its 1 million-square-foot regional office project at Legacy West, JPMorgan Chase & Co. plans to expand its campus. According to a report from the Dallas Morning News, JPMorgan Chase (NYSE: JPM) filed preliminary plans for the hub’s second phase with Plano’s planning and zoning department. … Read more
The D.C Council voted in unanimous support of a TIF bond to fund up to $47 million in public infrastructure for a 1.9 million-square-foot mixed-use Rhode Island Avenue project in Ward 5. The vote hands a victory to developer Bethesda-based MidCity Financial Corp., which has been working for years to drive the mixed-use project forward. … Read more
A North Texas business communications company is relocating its headquarters within the Plano market. Mitel announced it will move its U.S. corporate office from 5850 Granite Parkway in Plano to The Campus at Legacy, located at 5360 Legacy Drive in Plano. It will occupy 82,464 square feet at the development. “As Mitel continues to drive … Read more
Texas has once again opened the checkbook to win an economic development prize from California, this time with local leaders approving incentives for the large campus that Cupertino iPhone giant Apple plans to build in North Austin.
The fitness center, which will look out toward Target Field and the Mississippi River, will likely be the highest in Minneapolis because most office buildings use lower levels for their amenities.
One piece of major redevelopment slated for Alexandria’s west end got the go-ahead from the City Council on Saturday, though the project isn’t likely to start anytime soon. The council unanimously approved the first phase of Pickett Place, which Greenhill Capital Corp. plans to develop at South Van Dorn Street, Edsall Road and South Pickett … Read more
Catamount Constructors Inc. are set to deliver the entire TJX Companies 1.7 million-square-foot warehouse in January.
Move will be complete at the end of January.
Avison Young, a global commercial real estate broker with offices in Manhattan, is marketing the property as a 4.2 million-square-foot mixed-use development.
Developers behind Katy Boardwalk District have shared more plans for the long-awaited mixed-use project. Preliminary plans for the Katy Boardwalk District were released in January 2015, but the project has changed substantially since then. The 169-acre development near Katy Mills mall will include a full-service conference center hotel, a residential component, retail and office space, … Read more
A local task force will present its recommendations for the future of the Dayton Convention Center at a city meeting this week. The Dayton Convention Center Task Force has completed a year-long effort to recommend possible outcomes for the site, and will present its findings to the Dayton City Commission at a meeting Wednesday. The … Read more
Two major projects in Milwaukee’s Harbor District – a Komatsu Mining Corp. headquarters and mixed-use development led by Michels Corp. – gained final approvals Tuesday for their city financing packages.
The Tampa Bay Rays have officially ended the agreement with St. Petersburg that allows the team to scout stadium sites in Hillsborough County. The Rays’ general counsel sent Mayor Rick Kriseman a letter on Dec. 17 stating that the team was terminating its memorandum of understanding with St. Pete. The letter is a formality after … Read more
A Louisville nonprofit that specializes in the treatment, rehabilitation and placement of abused and neglected animals is looking to establish a new rescue complex in Louisville’s East End that will allow it to take on more animals in need. The Arrow Fund Inc. recently launched a $1.5 million capital campaign to build a new facility … Read more
Most of the biggest sales around the Valley, including four of the top 15, were in Tempe.
This new development will spread across 206 acres.
A judge has affirmed that Dick’s Last Resort owes rent it stopped paying when it closed its restaurant across from Nationwide Arena eight years and three months before the end of its lease. The Franklin County Court of Common Pleas adopted the recommendation of a magistrate this fall that Nationwide Realty Investors is entitled to … Read more
City Club Apartments CBD Cincinnati has signed a lease for a more than 6,100-square-foot rooftop restaurant and bar at the top of the mixed-use building. The rooftop restaurant and bar, which is scheduled to open in spring 2019, will be located on the 10th floor with indoor and outdoor seating. The space will have panoramic … Read more
Genoa’s mayor on Tuesday announced that a 202-million-euro ($229 million) project by hometown architect Renzo Piano inspired by a naval ship has been chosen to replace the Morandi Bridge that collapsed last summer, killing 43 people.
Some advertisers say they are leaving conservative host Tucker Carlson’s show following his remarks that immigrants could make the U.S. “poorer and dirtier.”
The Federal Reserve is poised Wednesday to raise its key interest rate for the fourth time this year. But beyond that, the Fed’s plans are shrouded in uncertainty.
A key but preliminary vote by the Buffalo Planning Board will help D’Youville College move forward with plans to develop a Health Professions Hub on its West Side campus. The board has backed D’Youville’s request to consolidate a trio of Connecticut Street parcels into a singular parcel – something required under the city’s Green Code. … Read more
Port Tampa Bay has agreed to enter into a lease agreement with Ardent Mills. The board voted 6-0 on Dec. 18 to move forward with the lease during a port authority board meeting after there were no objections from a Dec. 7 hearing. The ConAgra flour mill, an industrial plant owned by Ardent Mills, was … Read more