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WeWork Co-Founder Cashes Out and Takes Out Debt Together Totaling $700M
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WeWork Co-Founder Cashes Out and Takes Out Debt Together Totaling $700M

NEW YORK CITY-Adam Neumann, WeWork's founder and CEO reportedly cashed out stock from the co-working, shared office space company and took on debt,...

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J.C. Penney shares tank as another big retailer spirals down
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J.C. Penney shares tank as another big retailer spirals down

J. C. Penney shares plunged 17% on Friday after a report that the 117-year-old retailer has hired advisers to help restructure its debt in a bid to...

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CEI expanding with downtown professional development center
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CEI expanding with downtown professional development center

The Center for Entrepreneurial Innovation is expanding into downtown Phoenix with a $1.9 million professional development center designed to...

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Toys ‘R’ Us Will Relaunch With Gen Z-Friendly ‘Interactive’ Stores
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Toys ‘R’ Us Will Relaunch With Gen Z-Friendly ‘Interactive’ Stores

Don't call it a comeback yet, but down-on-its-luck toy retailer Toys 'R' Us is relaunching its stores with a modern twist later this year. The toy...

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Life Time to Expand Manhattan Presence through Collaboration Agreement with New York Health & Racquet Club
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Life Time to Expand Manhattan Presence through Collaboration Agreement with New York Health & Racquet Club

NEW YORK, July 19, 2019 /PRNewswire/ -- Life Time, the nation's premier healthy lifestyle brand, today announced plans to grow its presence in New...

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Brazilian paper magnate throws $7M in bills for Palazzo Del Sol condo
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Brazilian paper magnate throws $7M in bills for Palazzo Del Sol condo

Palazzo Del Sol The family that owns one of the largest paper manufacturers in Brazil paid $7.3 million for a condo at Palazzo Del Sol on Fisher...

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New York City REIT scoops up retail condo at 196 Orchard Street
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New York City REIT scoops up retail condo at 196 Orchard Street

New York City REIT has acquired the retail condo at 196 Orchard Street from Michael Miller's Real Estate Equities Corp. + Magnum for $88.75 million...

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Alexandria Real Estate acquires 47-50 30th Street
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Alexandria Real Estate acquires 47-50 30th Street

Alexandria Real Estate Equities has acquired 47-50 30th Street in Long Island City from Prestone Realty's Robert Adler for $25 million. The single...

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Anti-conversion language in new rent regulation law
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Anti-conversion language in new rent regulation law

A provision in the new rent regulation law requires that 51 percent of existing tenants agree to buy their apartments before a building can be...

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Southwest Airlines freezes pilot hiring due to grounding of Boeing 737 Max
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Southwest Airlines freezes pilot hiring due to grounding of Boeing 737 Max

The fallout from the Boeing 737 Max jet's global grounding is taking a toll on airline pilots in the U. S. and Europe. Pilots are facing reduced...

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Food, drinks and axes may rise on the site of a former Florida adult club in Winter Park
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Food, drinks and axes may rise on the site of a former Florida adult club in Winter Park

A pair of Central Florida surgeons want to redefine a Winter Park property once known for its uniquely shaped adult establishment. The doctors,...

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See inside the new food-inspired HQ of ezCater in downtown Boston
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See inside the new food-inspired HQ of ezCater in downtown Boston

The food-related theme of the new office of ezCater at 40 Water St. starts off with the floor of the entrance on the fifth level, which is...

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ezCater: See inside the new food-inspired HQ in downtown Boston
News 1 day ago
ezCater: See inside the new food-inspired HQ in downtown Boston

The food-related theme of the new office of ezCater at 40 Water St. starts off with the floor of the entrance on the fifth level, which is...

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New stores opening at Aventura Mall, Lincoln Road, Bal Harbour & more
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New stores opening at Aventura Mall, Lincoln Road, Bal Harbour & more

UPDATED, July 19, 4:50 p.m.: Despite retail turmoil across the United States, several new stores have opened or are planned in South Florida....

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Healthfood co. inks 200,000 s/f industrial lease
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Healthfood co. inks 200,000 s/f industrial lease

Newmark Knight Frank (NKF) arranged a new long-term lease for Vitaquest International LLC, a nutritional and functional foods manufacturer, at 100...

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Belger Cartage will double Lenexa operation's size
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Belger Cartage will double Lenexa operation's size

Belger Cartage Service Inc. is expanding its metro-area operations by doubling the space it's leasing in Lenexa and improving the surrounding 20...

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Arthur Ryan, Who Founded the Low-Cost Fashion Chain Primark, Dies at 83
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Arthur Ryan, Who Founded the Low-Cost Fashion Chain Primark, Dies at 83

Arthur Ryan, the chairman and founder of Primark, the low-cost fashion chain that began as a single store in Dublin and grew into an international...

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Twitter's Jack Dorsey backs effort to demolish 30 vacant city of St. Louis buildings
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Twitter's Jack Dorsey backs effort to demolish 30 vacant city of St. Louis buildings

Jack Dorsey, Square co-founder and Twitter CEO, and businessman Bill Pulte on Friday announced an effort to create a "St. Louis Blight Authority,"...

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First look: Another big office, restaurant project coming to East Austin
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First look: Another big office, restaurant project coming to East Austin

Riverside Resources' Centro project will have nearly 300,000 square feet of office space and a spot for a large restaurant. This account isn't...

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Unified Government plans to build 2-mile bikeway by 2021
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Unified Government plans to build 2-mile bikeway by 2021

Roads in Kansas City, Kan., are about to get more bike-friendly. The Unified Government of Wyandotte County/Kansas City, Kan., has begun planning a...

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Office, residential and hotel project coming to Uptown block along Cedar Springs
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Office, residential and hotel project coming to Uptown block along Cedar Springs

One of Uptown’s blocks is going vertical. A new mixed-use project is in the works that will bring an 18-story office tower, a 22-story residential...

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U.K. Entertainment Industry Drives Surge in Short-Term Rental Interest
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U.K. Entertainment Industry Drives Surge in Short-Term Rental Interest

The British TV and movie industry is responsible for a recent surge of interest in short-term rentals in the U. K., according to a report Friday...

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JC Penney: We haven't hired advisors 'to prepare for an in-court restructuring or bankruptcy'
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JC Penney: We haven't hired advisors 'to prepare for an in-court restructuring or bankruptcy'

J. C. Penney on Friday afternoon said it hasn't hired any advisors to prepare for an "in-court restructuring or bankruptcy." The statement followed...

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Fiserv Forum, Titletown impact subject of Bucks, Packers talk with MidAmerican EDC (Video)
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Fiserv Forum, Titletown impact subject of Bucks, Packers talk with MidAmerican EDC (Video)

Milwaukee this week hosted the MidAmerican Economic Development Council's 2019 Best Practices Conference, which brought together a group of...

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How Varsity Tutors’ newest exec plans to build the startup’s brand
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How Varsity Tutors’ newest exec plans to build the startup’s brand

Clayton-based Varsity Tutors is often considered one of St. Louis' most successful startups, and its newest executive has plans to expand the reach...

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Olive Branch development by Gil Ryan, with Huey's and Courtyard by Marriott, gets $5 million TIF
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Olive Branch development by Gil Ryan, with Huey's and Courtyard by Marriott, gets $5 million TIF

Local developer Gil Ryan landed the incentive to support his 28-acre project, Bridges at Camp Creek, near the northwest corner of Hwy. 302 and Hwy....

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Lightfoot's about to make a bad bet
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Lightfoot's about to make a bad bet

The new mayor has tipped her hand as to where she'd like to place a casino in Chicago-and unfortunately for the city, it's possible she's going to...

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The story behind those commercial tax rate hikes everyone's mad about
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The story behind those commercial tax rate hikes everyone's mad about

Much of Cook County's business community has been absolutely terrified by reports that Fritz Kaegi-the county's new, reform-minded assessor-is in...

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Does co-working space help or hurt a building's value?
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Does co-working space help or hurt a building's value?

For Chicago office landlords, signing WeWork or another co-working firm to their tenant roster is a gamble. There's a big upside as companies flock...

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The story behind those commercial assessment hikes everyone's mad about
News 1 day ago
The story behind those commercial assessment hikes everyone's mad about

Much of Cook County's business community has been absolutely terrified by reports that Fritz Kaegi-the county's new, reform-minded assessor-is in...

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