Real Estate Blog

After opening its first Colorado store in Boulder last year, online-born prescription-eyewear retailer Warby Parker is graduating to a second location in the state, this one in Denver.

The new store opens Saturday in the Cherry Creek Shopping Center, 3000 E. First Ave. A third location is headed to Lower Downtown’s Dairy Block later this year, although a date has not been announced.

Warby Parker started in 2010 exclusively as an e-commerce company, relying on in-house designers and direct sales to customers to keep the costs of its stylish frames and prescription eyeglasses and sunglasses lower than its brick-and-mortar competitors. In recent years, Warby Parker has embraced traditional stores, opening more than 60 locations in the U.S. and Canada. Denver had been on the company’s wish list, according to co-founder and co-CEO Neil Blumenthal.

The Denver-specific sunglasses Warby Parker will be selling only at its Cherry Creek Shopping Center store. The frames are Warby’s Downing Lar..

General Electric Co. CEO John Flannery has big changes in mind for the way the company operates, including shifting more of GE’s decision-making responsibility from its Boston headquarters to individual business units, he said Friday.

Flannery outlined his vision for a new operational system for GE (NYSE: GE) during its first-quarter earnings call. GE’s earnings topped estimates, sending its share price up by 4.65 percent Friday and giving the company a jolt of good news in a year that has been…

Supervalu Inc. is selling and leasing back a handful of its distribution centers, and it intends to sell off its Shop 'N Save and Shop ‘N Save East retail operations.

Eden Prairie-based Supervalu (NYSE: SVU) announced Tuesday that it entered into an agreement to sell eight of its distribution centers, representing 5.8 million square feet, to an undisclosed buyer for $483 million. When the deal closes, Supervalu will enter into lease agreements for each facility for 20 years with renewal options.…

The latest in the ongoing battle over the Phoenix Chinese Cultural Center.

JCP Construction president James Phelps Jr. has decided to buy and renovate a warehouse building he can see from the windows of his North Dr. Martin Luther King Jr. Drive headquarters.

JCP Construction about three years ago bought and renovated the building at 1849 King Drive for its headquarters. Phelps said he was looking for more opportunities along the street when a building across the street to the north was listed for sale.

Phelps and his fiancée have a deal to buy the building at 1920 North…

Simmons & Company International, Energy Specialists of Piper Jaffray, will move into downtown Houston’s newest office tower this fall.

The energy investment banking firm signed a lease for about 31,000 square feet on the 38th and 39th floors in 609 Main at Texas, according to a press release from Houston-based Hines. Värde Partners, a Minnesota-based international private equity firm, also occupies part of the 39th floor.

Lou Cushman and Tim Relyea with Cushman & Wakefield represented Simmons,…

Global law firm Goodwin is moving its main Silicon Valley office to Redwood City from Menlo Park.

The firm moved into 75,000 square feet in 601 Marshall St. in the city’s downtown. DoStart Development completed the 136,453-square-foot building earlier this year.

“Goodwin’s Silicon Valley office has grown to more than 100 lawyers and staff since launching just over 10 years ago,” said Goodwin’s Chairman David Hashmall in statement.

The firm employs more than 1,000 lawyers across the…

Global law firm Goodwin is moving its main Silicon Valley office to Redwood City from Menlo Park.

The firm moved into 75,000 square feet in 601 Marshall St. in the city’s downtown. DoStart Development completed the 136,453-square-foot building earlier this year.

“Goodwin’s Silicon Valley office has grown to more than 100 lawyers and staff since launching just over 10 years ago,” said Goodwin’s Chairman David Hashmall in statement.

The firm employs more than 1,000 lawyers across the…

Boston-based financial services giant State Street Corp. has kicked off a search for a new headquarters ahead of its office lease expiration in 2023.

A Chicago developer behind the $48.9 million residential project in The Hill neighborhood is in line to get a 10-year tax abatement from the city of St. Louis.