Matchbox and Sugar Factory headed to Pentagon City

Matchbox, the D.C.-based pizza chain, and a Kardashian-endorsed candy shop and restaurant are two of the new food options coming to the Fashion Centre at Pentagon City next spring.

Mall owner Simon Property Group started work on a 50,000-square-foot addition to the mall last summer and is expected to be complete in 2016. The addition is meant to activate the Hayes Street side of the mall with restaurants with outdoor seating that don’t have to be accessed from inside the mall.

Matchbox will occupy…

Big Deals! $169M in Triangle commercial properties sold in February

The trading of major commercial real estate properties in February in the Triangle slowed its pace compared to previous months with nearly $169 million in property sales recorded.

The one big deal that did make it through though, — the $127 million sale of the Lenovo Enterprise Campus in Research Triangle Park — will likely be one for the local record books.

The deal was a well-time blockbuster for joint venture partners Rubenstein Partners and Grubb Properties, which had paid only $26 million…

What would Simon's possible purchase of Macerich mean for Arden Fair?

Simon Property Group Inc. wants to buy Macerich Co., which owns Arden Fair. What would a deal mean for the Sacramento shopping center?

Probably not much, according to one local retail expert. “It would not change the competitive landscape of shopping centers in terms of how they compete with each other. And if it went through, I don’t see any changes other than ownership,” said Garrick Brown, vice president of research for DTZ.

On Monday, Indianapolis-based Simon offered to buy Santa Monica-based…

Duke Energy agrees to $146M payout to settle suits over Progress merger

Duke Energy (NYSE:DUK) proposes to spend $146 million to settle the class-action shareholder lawsuits that arose over the controversial closing of Duke’s $32 billion purchase of Progress Energy in 2012.

A badly divided board of directors forced CEO Bill Johnson to step down less than 24 hours after he had been appointed to head the merged companies. The move led to investigations by regulators and several suits by investors who claimed Duke intentionally misled them by saying Johnson, who had been…

Telegraph Hill parking lot seeks affordable housing, but neighbors want middle class

San Francisco city officials are seeking a developer to build low-income housing on a Telegraph Hill parking lot, but some neighbors want the site to have more apartments for middle class residents as a debate over housing affordability and access engulfs the Bay Area.

The Port of San Francisco and Mayor’s Office of Housing are preparing a request for proposals for the 37,823-square-foot city-owned site, between Broadway, Front and Vallejo streets.

The Mayor’s Office of Housing is working on a…