As head of technical support for a Baltimore software company, Paul David works a busy schedule overseeing a team of employees and a slate of customers who might need help at any given time. Despite those demands, David has plenty of time to decompress.
May 31The owner of the Braddock building that housed a state-of-the-art vertical farm robotics startup that suddenly shut down last fall has put the property up for sale. Green Tree-based RDC is asking $12 million for the nearly 60,000-square-foot plant that is being marketed by the CBRE (CBRE) real estate firm.
May 31Piasecki Aircraft Corp., a Delaware County-based helicopter hardware and software developer, announced plans Wednesday to step up development of its PA-890 helicopter powered by a hydrogen fuel cell, as well as battery-powered tilt-rotor and unmanned aircraft, at the former Lockheed Sikorsky factory near Coatesville it purchased last winter.
Neiman Marcus CEO Geoffroy van Raemdonck pushed the retailer to upgrade its ways of working, and the last three years solidified to him that people should work from wherever is most effective.
Toyota (TM) will build its first U.S.-assembled electric SUV in Kentucky and invest an additional $2.1 billion in a North Carolina plant being built to produce the lithium-ion batteries powering the vehicles. The new three-row SUV is an important step in the Japanese automakers acceleration of efforts to electrify its fleet of cars and trucks and build them where theyre sold.
Dallas-Fort Worth home prices finally declined this year after more than a decade of steady year-over-year growth and unprecedented appreciation following the start of the pandemic.
An exclusive Northern California hotel has traded in a deal between two Dallas-based investment groups. The 48-room Senza Hotel in Napa was developed by Dallas real estate investor Craig Hall and his wife, Kathryn. The luxury hotel has been purchased by a venture of Cienda Partners and Pendant Capital, both Dallas investment firms.
May 30CENTRALIA The dense, white cloud of steam coming out of a dark green building here has been a constant part of the landscape for more than half a century.
A Houston developer thats been expanding its footprint in North Texas is building two more big warehouses with almost 1 million square feet of space. The two industrial buildings are planned in the Trinity West Business Park at Singleton Boulevard and Norwich Street in West Dallas. The developer has already landed companies to occupy both of the projects.
With credit costs rising and restrictions on lending, the commercial real estate sector is struggling to refinance building debts. Office buildings which have seen a slump in demand since the pandemic have been particularly hard hit by tougher lending conditions. Thats bad news for the almost 19% of Dallas-Fort Worth office building loans that are coming due in the next two years.
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