Austin officially awarded MLS franchise; Precourt buys house, pledges local ownership

Austin has gained much in its recent meteoric rise as a major U.S. city — a booming technology sector, a downtown vibrant in commerce and nightlife, and a destination reputation bolstered by the likes of Austin City Limits and South by Southwest. But a top-league professional sports franchise has eluded America’s 11th-most populous city. No … Read more

With 15 Florida stores confirmed, Sprouts Farmers Market opens newest location in Clearwater

Sprouts Farmers Market Inc. opens its new store in Clearwater on Wednesday — one of 15 new locations on tap for Florida. The Clearwater store, at U.S. 19 and Sunset Point Road, is the seventh Sprouts location in the state. Before the end of the second quarter, four more will open in Florida, in Naples, Wellington, … Read more

First Watch to open at Gateway Shopping Center

First Watch Inc., a fast-casual restaurant chain, plans to open one of its eateries in the Gateway Shopping Center in Devon.  The restaurant serves breakfast and lunch and offers a menu based on fresh ingredients for such items as avocado toast and egg white burritos. It will fill 3,333 square feet of space formerly occupied … Read more

Metro launches surplus property sale, including Columbia Heights dog park

Metro is cutting its portfolio of surplus property, announcing a fire sale of sorts of eight lots spanning D.C, Maryland and Virginia that the transit system deems “ideal for development.” The properties, ranging from less than a quarter acre up to nearly 40 acres, will be sold “to save money by reducing maintenance expenses on … Read more

Here's when Sprouts Farmers Market could open its first South Florida store

Sprouts Farmers Market Inc. will open its first South Florida store March 20 — one of 15 new locations on tap for the Sunshine State. The supermarket chain’s latest Florida opening was in Clearwater on Wednesday. It’s the seventh Sprouts location in the state. Before the end of the second quarter, Sprouts will open in Naples, … Read more

Qubein: Land under contract for expanded downtown High Point events center

Organizers of downtown High Point’s revitalization project have found a home for the $20 million Congdon Events Center, which will be bigger than originally planned. New plans for the events center call for building a 25,000-square-foot facility that will connect to two historic properties – The Factory and Plant Seven at the corner of English … Read more

Burlington council pursues grant to attract 'Project Fiber'

An undisclosed company is considering downtown Burlington for its headquarters, creating 33 jobs with an average salary of $70,455. On Tuesday, the Burlington City Council voted to apply for a N.C. Commerce Building Reuse Grant of $325,000 for “Project Fiber.” If the state approves the grant, the council must approve a 5 percent local match … Read more

New coworking space heading to Las Colinas

Venture X, a firm that provides shared office space, is opening a new location in Las Colinas, according to a report in The Dallas Morning News.  The company has leased 12,000 square feet at 955 W. John Carpenter Freeway in Las Colinas, the report said. Florida-based Venture X will open the new location next week.  … Read more

EPA nominee: Climate change huge issue, not greatest crisis

President Donald Trump’s nominee to lead the Environmental Protection Agency on Wednesday called climate change “a huge issue” but not the “greatest crisis,” drawing fire from Democrats at his confirmation hearing over the regulatory rollbacks he’s made in six months as the agency’s acting administrator.

Elk Grove 'ghost mall' to be demolished

The Howard Hughes Corp. has told the city of Elk Grove it plans to demolish the dormant and partially constructed mall near Kammerer Road and Highway 99. Dallas-based Howard Hughes (NYSE: HHC) owns the project formerly known as the Outlook Collection at Elk Grove on the southeast side of the city just off Highway 99. … Read more

A&B pays $40M for moving company's warehouses in Kapolei

Alexander & Baldwin Inc. has purchased two industrial warehouse buildings in Kapolei for $40 million, the first acquisition financed by the Hawaii real estate investment trust’s $262 million sale of former sugar plantation land on Maui. The two adjacent parcels located on Opule Street in the first phase of Kapolei Business Park total 6.45 acres … Read more

Peninsula biotech sheds 20% of jobs to focus on drugs closer to finish line

Cancer-fighting Five Prime Therapeutics Inc. will cut about 20 percent of its 209-person workforce as it tries to push more drugs into clinical trials and advance those already being tested on patients. The move — the first large-scale layoff in the South San Francisco biotech company’s 17 years — comes during a sustained push by … Read more

It's official: Austin has its first major league sports franchise, MLS commissioner announces

Austin has gained much in its recent meteoric rise as a major U.S. city — a booming technology sector, a downtown vibrant in commerce and nightlife, and a destination reputation bolstered by the likes of Austin City Limits and South by Southwest. But a top-league professional sports franchise has eluded America’s 11th-most populous city. No … Read more

Rogue Fitness proposes 4,000-seat arena in Milo-Grogan

Rogue Fitness wants to build a 3,500-4,000-seat arena in the Milo-Grogan neighborhood. While designs are being finalized, the company says it hopes to build the multi-purpose arena immediately north of the fitness company’s headquarters at 1101 Cleveland Ave., near the intersection with East 5th Avenue. “We wanted to do something that would build excitement around … Read more

Mayor Durkan, Tod Leiweke and Vulcan execs highlight PSBJ Outlook event this Friday

Paul Allen had a knack for getting the right people in a room. The Business Journal’s second annual Outlook 2019 event was planned with that in mind. Join us this Friday as we convene some of Seattle’s leading voices in business, politics and sports to talk about Allen’s impact and to look at the year … Read more

Co-living startup scores $300M, wants to build new kind of affordable housing in Austin

Shared-living operators, which specialize in providing housing to low-income millennials, is a burgeoning business. New York-based companies such as WeWork and Common, as well as San Jose, California-based Starcity, have each built large co-living developments in various urban neighborhoods. Medici Living Group is another company that wants a bigger slice of the market. The Berlin-based … Read more