Exclusive: Portland’s second-largest office building sells in one of the priciest deals ever (Photos)
Unico and Partners Group have big plans for the Northwest Portland property.
Midland States buys another bank
Midland States Bancorp Inc. (Nasdaq: MSBI), which operates Midland States Bank in St. Louis, is buying HomeStar Financial Group Inc. and its HomeStar Bank and Financial Services in exchange for 405,000 shares of Midland common stock, valued at about $10 million.
HomeStar Bank, headquartered in Manteno, Illinois, about an hour south of Chicago, had $375 million in assets, $223 million in loans and $333 million in deposits as of Dec. 31. It has five branches in northern Illinois and has the…
Amazon signs leases for HQ2 in northern Virginia and plans to move in this year
Amazon.com Inc. has officially signed on for HQ2 in Northern Virginia.
JBG Smith Properties (NYSE: JBGS) announced Wednesday morning that affiliates of Amazon.com Inc. have finalized three leasing deals and two purchase and sale agreements with the Chevy Chase-based REIT for buildings in National Landing — a new name for areas of Crystal City, Pentagon City and Potomac Yard where Amazon will soon set up shop.
“We are pleased to report that our partnership with Amazon at National Landing is…
EB-5 investors claim fraud as South Florida property faces $8M foreclosure
The developer allegedly raised $25 million through the EB-5 program but failed to create enough jobs.
The Villages ‘riding the wave’ of Baby Boomer retirement with $30M+ land acquisition
The Villages was the top-selling master-planned community in the U.S. in 2018.
Chesterfield retail center to add new store
St. Louis Premium Outlets in Chesterfield will be adding a Puma Outlet store to its more than 90 brands.
Germany-based Puma designs and markets footwear, apparel and accessories for specific sports, as well as collaborating with designer labels such as Alexander McQueen and Mihara Yasuhiro. A 5,126-square-foot Puma Outlet is expected to open this summer near the Adidas store, officials said Wednesday.
The new Puma store will join other recently announced new brands at St. Louis Premium Outlets.…
Why the operator of Ballpark Village’s hotel is ‘excited about St. Louis’
Progress continues on Ballpark Village's $260 million second phase, including a Live! by Loews hotel, with 216 rooms.
JBG Smith limiting exposure to D.C.’s troubled office market
JBG Smith Properties (NYSE: JBGS) is working to significantly reduce its exposure to downtown D.C.'s commercial real estate market as landlords struggle to fill millions of square feet of empty office space.
The Chevy Chase-based developer hopes to sell or recapitalize about $400 million in assets this year, on top of $875 million in deals it inked in 2018, JBG Smith disclosed in an investor presentation filed Tuesday with the Securities and Exchange Commission. While it is more bullish on Crystal…
Bowser’s proposed tax hikes draw early condemnations from developers, property owners
D.C.'s mayor wants to use the extra cash to fund affordable housing initiatives.
South Korean money backs massive SoBro hotel project
The loan is the third-largest construction loan issued during Nashville's real estate boom of the past five years, according to Business Journal research. All three come from foreign sources.