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Commercial Real Estate Industry News Headlines | Bizjournals.com

Commercial Real Estate news
  • Nearly 290 employees at the downtown Milwaukee headquarters of Extendicare Holdings Inc. will lose their jobs as a result of the company's sale to private-equity buyers. Extendicare Holdings informed the state Department of Workforce Development that 287 employees will be affected by the closing of the company's offices at 111 W. Michigan St. The office closing is scheduled on or within 14 days after April 30, Extendicare said. The Extendicare office in Milwaukee is the United States arm of Extendicare…

  • San Antonio-based H-E-B Grocery Co. plans to replace its 20,000-square-foot Bellaire store with a new 70,000-square-foot store, according to reports. H-E-B officials announced the plan at a meeting with Bellaire residents earlier this week, InstantNewsBellaire.com and Swamplot report. One of the possible scenarios would be building on the site of the existing store, at 5100 Cedar St., which would require the other businesses in the shopping center to relocate, according to the reports. However,…

  • Sugar Land plans to spend $13.55 million to develop 128 acres of parkland along the Brazos River that includes 10 miles of hike-and-bike trails and bridges and a festival site, according to the Houston Chronicle. Start your day with Houston Business Journal news in your inbox. Sign up for Morning Edition here. Houston-based Harper Brothers Construction was awarded the contract. The construction is for phase 2 of the project. Construction on the festival site includes site grading, construction…

  • To tech entrepreneur J.P. Maxwell, Austin has a "richness of opportunities in co-working space." But not rich enough. While in the midst of operating his web design and app company Tipit LLC, he's building out Fibercove, a new co-working and venue space at 1700 S. Lamar Blvd. Check out the Feb. 27 print and digital edition of the Austin Business Journal, for an in-depth look and map of Austin's co-working locations— a market sector that's flourishing in the local creative economy. Fibercove…

  • Phoenix City Councilman Sal DiCiccio doesn't want to see a tax fund light rail extensions. That's okay, Sal. Because you're right. When counting bucks in the fare box, light rail is never going to pull in the dollars it costs to run. So it's perfectly fine to join the crowd of light rail opponents who said no one would ride the Metro. After all, light rail will never pay its own way. Besides, who needs the $7 billion in economic development that grew along the existing light rail line? Extending…