Developer plans $250M project in downtown Raleigh

After a months-long search to find a buyer, William Peace University has closed on a $34 million deal to sell Seaboard Station, according to those who worked on the deal. The transaction is bringing in a substantial return for the university and clears the way for the new owner to launch a $250 million redevelopment … Read more

Apple's HQ2: iPhone maker to add $1 billion Austin campus, thousands of new U.S. jobs

Apple Inc. plans to build a $1 billion office in Austin, Texas, not far from where it already has a major corporate hub, and expand campuses around the U.S., it said early Thursday morning. The new 133-acre Austin facility will be able to handle about 5,000 employees when it opens, and could grow to house … Read more

A breakout apparel brand opens a Portland retail store and public workshop (Photos)

Looptworks, one of Oregon’s breakout apparel brands, is opening its first store and public studio. The Portland-based company makes new products out of discarded material, such as duffel bags out of old airline seats. Scott Hamlin, who founded the company in 2009, expects to quadruple top-line revenue this year, thanks to the growing acceptance of … Read more

Hunter Truck leases space for Philadelphia dealership

Hunter Truck signed a 10-year lease on 81,226 square feet of office and warehouse space at 2811 Charter Road in Philadelphia.  Hunter plans to open a full-service commercial truck dealership and leasing company at the property. It expects to have 40 to 50 people working from the space the first year of operation. The landlord … Read more

Houston-based retailer to close up to 40 boutiques in 2019, 'hit pause' on remodels

After reporting another quarter of declining sales, Houston-based Francesca’s Holding Corp. (Nasdaq: FRAN) disclosed this week that it plans to close 30 to 40 stores in fiscal year 2019, which begins Feb. 3. That’s just one of the strategies company executives outlined on a conference call discussing third-quarter results. Francesca’s has identified 129 underperforming boutiques, … Read more

Georgetown-Rosslyn gondola supporters: The idea is far from dead

An aerial gondola connecting Georgetown and Rosslyn has gathered more support since appearing to lose steam after Arlington County said nearly two years ago it would not contribute funds toward the project. In an effort to move the project forward, the Federal City Council, Georgetown University and the Georgetown Business Improvement District have added more … Read more

Florida distributor could add 80 jobs in Louisville with $13M fulfillment center

A Florida distributor of hydraulic seals and other products is eyeing Louisville for a new fulfillment center. Clearwater-based HB Sealing Products Inc. has proposed the creation of 80 new jobs in Louisville as part of a $13.2 million fulfillment center that would use advanced automation in product delivery to meet customer demand. HB Sealing does … Read more

Graef CEO talks about moving downtown: Q&A

Engineering firm Graef, after an extensive review of downtown Milwaukee buildings, decided to move its headquarters and 170 jobs to the Shops of Grand Avenue in downtown Milwaukee from its current space in the Honey Creek Corporate Center.

Here’s who will build the new Air Force One hangar at Joint Base Andrews

Clark Construction has been awarded a contract potentially worth $315.5 million to build a new hangar in Prince George’s County for the new Air Force One. The project is expected to be completed by April 2022 and is needed because the current facility at Joint Base Andrews isn’t big enough to accommodate the modified Boeing … Read more

Four Columbus properties sell in three-city megadeal

A Dallas-based real estate company has cleared a deal for 1.43 million square feet of property across three cities, including four Columbus buildings. Westmount Realty Capital LLC bought 12 buildings, including seven in Cincinnati, four in Columbus and one in Chicago. The seller was Alberta, Canada-based real estate group Ivanhoe Cambridge, which bought them for a … Read more

DIA expands Shipyards development rights, officially kills convention center plan

As Iguana Investments prepares to develop the area around the stadium, the Downtown Investment Authority has taken the necessary step of expanding development rights on the Shipyards to cover an area that includes Metropolitan Park and parking Lot J. DIA voted Wednesday to more than double the area on which the Shipyards developer has the … Read more

Plano hotel renovator gets private equity boost

The hotel industry has attracted a lot of attention from the private equity space, and both Proviso and Stonehenge have found a slice of it that will allow them to profit off of a company that offers a variety of services, from general construction to interior design.

Editorial: This needs to work

The redevelopment of a massive downtown building with a long legacy — originally built as a hotel for the 1904 World’s Fair and hosted Judy Garland and Harry S. Truman in the 1940s — took one step closer to reality this week when Alterra Worldwide said construction on the Jefferson Arms building would begin this … Read more

Here's how much Amazon will pay in rent at National Landing

Amazon.com Inc. (NASDAQ: AMZN) will pay about $35 per square foot in rent for its initial leased space in Crystal City, about $2 below average asking rents in the Arlington County submarket, its future landlord disclosed Thursday. JBG Smith Properties (NYSE: JBGS) revealed the net effective rental rate and other financial details of the deal … Read more

McCombs Properties redesigns resort in Port Aransas

McCombs Properties is retooling its golf and entertainment options at Palmilla Beach Resort & Golf Club in Port Aransas, after much of the original golf course was destroyed during Hurricane Harvey. After collaborating with land planners, architects and Scottsdale, Arizona-based golf management company Troon Golf, McCombs began in December redeveloping the 18-hole, 6,900-yard Palmilla Beach … Read more

Here's how much Amazon will pay in rent at National Landing

Amazon.com Inc. (NASDAQ: AMZN) will pay about $35 per square foot in rent for its initial leased space in Crystal City, about $2 below average asking rents in the Arlington County submarket, its future landlord disclosed Thursday. JBG Smith Properties (NYSE: JBGS) revealed the net effective rental rate and other financial details of the deal … Read more