Real Estate Blog

The company employs around 800 people in Northeast Florida.

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…

The property sold for $190 million earlier this year.

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…

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…

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.…

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…

It's a major leadership change for both firms, which are among the top 15 largest commercial real estate brokerages in Central Florida with a combined $242.7 million in sales and lease transactions in 2017,

Wimmer Communities, a developer based in Hales Corners, is proposing a $20 million, 20-acre multifamily campus for Menomonee Falls.

The development, named Tamarack Springs, would be a 170-unit project spread throughout 28 buildings on the southeast corner of Town Hall Road and Custer Lane. Wimmer Communities is currently going through the approval process with Menomonee Falls officials. Construction is expected to begin in spring 2020 with a 24- to 36-month construction timeframe.

The multifamily…

A massive home situated on the edge of Maryland's Deep Creek Lake will go to auction later this month after being previously listed for $2.69 million.

The six-bedroom mansion spans 13,215 square feet of indoor and outdoor space that includes a private dock. It is located at 3415 Shingle Camp Rd.

The estate will sell without reserve, and bidding will take place via an online marketplace beginning Oct. 25 through Oct. 29. Nina Beitzel and Russell Bounds of Railey Realty are the listing agents on…