News

  • Apple Inc. (Nasdaq: AAPL) wants to create a new corporate campus that will house thousands of employees, but it won't follow Amazon's highly public approach to finding a city to host its second outpost. According to Reuters, Apple won't hold a bidding process for its new campus. The company on Jan. 17 announced its campus plans as part of its efforts to contribute $350 billion to the U.S. economy over the next five years. The company said it will create 20,000 new jobs, spread out between the new…
    Created: 1/19/2018 1:22:42 PM
  • Amazon.com Inc. (Nasdaq: AMZN) has narrowed its search for a $5 billion second headquarters from 238 bids down to 20 finalists. Proposals from Kansas City, St. Louis, Phoenix, Detroit, Baltimore and Minneapolis didn't make the cut. That leaves site selection, economic development and real estate experts trying to figure out where Seattle-based Amazon and its billionaire founder Jeff Bezos will eventually land. • Place your bets Irish betting website Paddy Power has odds out on the 20 finalists.…
    Created: 1/19/2018 1:04:16 PM
  • Much of the growth Houston's industrial sector in 2017 came in the form of warehouse and distribution center leases, fueled both by Hurricane Harvey-related demand and activity from e-commerce companies.
    Created: 1/19/2018 12:51:04 PM
  • “We are focused on bringing more stores to the area in the near future."
    Created: 1/19/2018 12:35:51 PM
  • Amid high stakes, the Atlantic Coast Pipeline continues to be in a holding pattern, as regulators in North Carolina weigh the 600-mile project's implications for the state.
    Created: 1/19/2018 12:34:30 PM
  • The Cincinnati Planning Commission unanimously approved a proposal Friday for Macy’s Inc. to be able to subdivide its downtown headquarters in order for the retail giant to be able to sell off its parking garage. Under the plan, the first-floor retail space and parking garage would be carved off into its own property with the office space remaining separate. “We’re starting to see more of these, particularly in our downtown,” said James Weaver, a city planner, explaining vertical subdivisions. Weaver…
    Created: 1/19/2018 12:28:42 PM
  • One local neighborhood district has ceased its services to residents and local businesses.  As of Dec. 11, the Montrose Management District has stopped providing a variety of services, including safety patrols, graffiti abatement, trash pick-up and maintenance of promenades, according to a pop-up statement on the district’s website. It began reducing the services in mid-November. The statement says that the district has done this because of “unpaid assessments from some of the commercial property…
    Created: 1/19/2018 12:27:20 PM
  • An executive with the Federal Reserve Bank of Dallas pointed to growth in employment and oil production as reasons to be bullish about 2018.
    Created: 1/19/2018 12:11:04 PM
  • Cardullo’s Gourmet Shoppe, a specialty grocer, delicatessen and fine wine shop that has been a fixture in Harvard Square for close to seven decades, will open a second location in Boston’s Seaport District this spring. The market will be located at the street level of 101 Seaport Blvd., a newly built glass office that’s home to accounting firm PricewaterhouseCoopers. Kim Wilson, co-owner of Cardullo’s, said in a statement that the grocer was drawn to the Seaport because of its residential…
    Created: 1/19/2018 12:01:54 PM
  • A Dallas-based joint venture is part of the effort to bring HQ2 to Northern Virginia, one of three spots in Greater Washington that made the first cut for Amazon.com Inc.'s highly coveted second headquarters. Open-Rebees, a joint venture between Open Realty Advisors and Rebees, is collaborating with Fairfax and Loudoun counties in pursuit of the massive requirement for up to 8 million square feet and 50,000 employees. D.C. and Montgomery County joined Northern Virginia on the short list of 20 Amazon…
    Created: 1/19/2018 11:59:35 AM