Real Estate Blog
Office design spotlight: Where’s your desk? What do you mean, YOUR desk? (slideshows)
The next step of open-office design — shared workspaces that can be claimed by whoever gets there first — is being embraced by giants like NCR Corp. and local architecture firm Perkins + Will.
Application reveals construction costs for potential Amazon fulfillment center in Kernersville
Several physical signs point toward Amazon facility.
The Smithsonian’s revised $2B south campus plan is nearing its approval. Have a peek into the future.
Key story highlights:
The Smithsonian expects the National Capital Planning Commission to approve its South Campus master plan in June.
One of the key components of the master plan includes the rehabilitation of the campus' 1855-era castle.
The Smithsonian won't begin construction on the South Campus plan for another decade.
After years of planning, the Smithsonian Institution expects to receive final approvals from the federal agency reviewing a master plan for its 17-acre south campus as early…
Citizens Bank parent to triple mortgage originations with $511M acquisition
Citizens Financial Group, the parent company to Citizens Bank, has agreed to buy a Tennessee mortgage lender for $511 million in cash.
With the acquisition of Franklin American Mortgage, Providence, R.I.-based Citizens Financial (NYSE: CFG) will triple the size of the bank’s mortgage originations to more than $20 billion, making it one of the nation’s 15 largest bank-owned originators and servicers. The deal is set to close sometime in the third quarter.
In addition, Citizens said it will add…
Davis project falling through shrinks Pittsburgh’s new condo pipeline
Plan for the Cultural District represented a major portion of Pittsburgh's condo projects under development.
Houston-based multifamily coworking co. acquired by Fort Worth co., new locations planned
Houston-based WorkFlourish, which operates a coworking space within a multifamily building, has been acquired by Fort Worth-based Craftwork Coffee Co., which combines coworking spaces with coffee shops.
The combined company will operate under the Craftwork name and expand into additional multifamily residential developments, according to a press release. WorkFlourish founder Trevor Hightower, a former managing director at CBRE, has been named president and chief marketing officer. Craftwork founder…
Affordable homes coming to one of Cincinnati’s hottest neighborhoods
Four vacant lots in Madisonville, a neighborhood that has become one of the hottest in Greater Cincinnati, will soon become construction sites for single-family houses.
Madisonville Community Urban Redevelopment Corp. is working with the city of Cincinnati and Titan Real Estate Group to build a total of four homes on Ravenna Street and Peabody Avenue. Titan, a Covington-based development and construction firm, is expected to break ground on the lots in June. Construction is expected to finish by…
UPDATED FOR 2018: The best SUBURBS in Greater Philadelphia for millennials
You've heard the statistics – Philadelphia has the fastest-growing population of millennials in the country.
But what about the suburbs? Even though the city and the national urban revival get a great deal of deserved attention, most millennials across the United States will not settle within the borders of a a major American city.
So that led us to this question: What suburbs in Greater Philadelphia are the best places for millennials, most often defined as people born in 1982 through 1997?
Click…
Sears announces 2 local stores to close
Sears stores at South Hills Village and The Mall at Robinson will close later this year.
Sears Holding (Nasdaq: SHLD) made the announcement Thursday afternoon, hours after the company announced it would close 100 stores.
Kessler CEO talks plans for $110M luxury boutique hotel in uptown (PHOTOS)
Expect this $110 million boutique hotel to bring a little sparkle — and funk— to uptown.
Construction is officially underway on the Grand Bohemian Hotel Charlotte. Plans call for that 254-room, 15-floor hotel to open in March 2020.
A groundbreaking was held Thursday, but this is a project three years in the making, says Richard Kessler, CEO of The Kessler Collection.
Kessler has been hands-on in the entire process to bring the Grand Bohemian to Charlotte, from choosing the city and…