Real Estate Blog
Hagerstown awaits whopping speculative warehouse — and spike in commerce
The development would convert Washington County farmland into an industrial hub, county officials say.
Miller Electric moves one step closer to new headquarters after 90 years in Riverside
The company employs around 800 people in Northeast Florida.
Jacobs Engineering sells energy business unit for $3.3B
Jacobs Engineering Group Inc. (NYSE: JEC) has sold its Energy, Chemicals and Resources segment for $3.3 billion, according to a press release.
The Dallas-based firm, which has a significant presence in Denver, sold the ECR unit to WorleyParsons Ltd., which is an engineering firm based in Australia that provides engineering and project delivery primarily in the energy and resources space. WorleyParsons has its U.S. headquarters in Energy Center II, at 575 N. Dairy Ashford Road in Houston.
The release…
Hollywood demands $1.7M in compensation from sale of Margaritaville
The property sold for $190 million earlier this year.
Center City office market doing well at Q3 but devil in the details
More than 1 million square feet of office space was absorbed and taken off of the market during the third quarter alone, which is how much the office market might absorb in a good year. Is it too good to be true?
Amazon revisits three cities as HQ2 decision nears
Amazon.com Inc. executives are putting boots on the ground in some major U.S. cities.
That's because the Seattle-based e-commerce giant is narrowing the list of finalists for its $5 billion second-headquarters project. The news indicates that the process, which has lasted more than a year, is coming to a close.
According to The Wall Street Journal, the visits over the past couple of months include New York City, Newark and Chicago. In addition, the Jeff Bezos-led company has been following up…
Austin startup bringing boutique hotel to the Banks
An Austin-based startup has partnered with Current at the Banks to open a boutique hotel in the mixed-use development.
The Guild, which blends short-term rental with a boutique hotel feel, has 50 suites at Current at the Banks, according to Austin Business Journal. Current at the Banks has 300 total apartments.
The Guild was started in 2016 by Brian Carrico and Chris Herndon. Carrico, founder and co-CEO of the Guild, said the company’s vision is “to create an amazing home-like experience for…
Edens to begin next phase of Cabin John reinvention
Developer Edens is moving forward with its vision to transform a 1950s shopping center in Potomac into a pedestrian-friendly, mixed-use retail hub, and plans to begin construction on about 30,000 square feet of new retail space and 48 townhomes next year or early 2020.
Edens, which is based in South Carolina but its CEO, Jodie McLean, is based in the District, got the green light this month after the Montgomery County Planning Department approved preliminary site plans for the reinvention of the…
SEC’s downtown D.C. landlord protests new search terms
Property Group Partners has filed a protest over search terms that could cause it to lose the Securities and Exchange Commission as its anchor tenant near Union Station in Northeast D.C., a potentially significant loss of nearly 1.3 million square feet.
An affiliate of PGP filed its bid protest Oct. 12 with the U.S. Government Accountability Office, roughly six months after a House committee approved a prospectus authorizing the search for alternatives to the SEC's current home at Station Place.…
Developer plans 2020 construction start for Bay View apartments
Construction could start in spring 2020 on a new apartment building to replace the former American Legion Hall in Milwaukee’s Bay View neighborhood, according to project developer Scott Genke.
Genke bought the property from the Bay View American Legion post for $600,000 earlier this month, according to state records. Genke, via an email to the Milwaukee Business Journal, said he plans a 37-unit apartment building, the highest count allowed under the site’s current zoning. Under that current…