Update: Beavercreek firm’s fix for nuclear waste problem a success

A Beavercreek company helped the feds make progress on fixing a radioactive waste problem.

Last fall, I told you that Cornerstone Research Group Inc. and its subsidiaries made a 95-foot long crane-like structure for the U.S. Department of Energy’s Waste Isolation Pilot Plant in New Mexico. A drum burst inside a storage room at the plant, causing major issues, and the room needed to be “video mapped” before it could be sealed off permanently. ( Click here to read the original story.)

Cornerstone’s…

Crest Gastropub on Parsons Avenue will be bigger, sleeker sibling

The owners of the Crest Gastropub are taking the popular Clintonville restaurant to Parsons Avenue with a few tweaks.

A&R Creative Group is sticking with the established name at the venture in the Village Pointe building on the city’s south side, but is giving it a new, “sleeker” look and bigger kitchen, co-owner Ali Alshahal told me.

“It’s not a cookie cutter,” he said. “The Crest is a symbol. It will have the same vibe, but we didn’t want to re-create it. This isn’t something corporate being…

Amazon negotiating for Twin Cities distribution center site

Amazon.com is negotiating to buy 66 acres in Shakopee to develop a large distribution center that would need hundreds of employees and possibly more than 1,000 jobs during the peak holiday shipping season.

Officials from the Seattle-based Internet retailer Amazon and the land’s owner, Bloomington-based United Properties, have not confirmed the talks.

But the two sides are very close to a purchase agreement for about half of the Shenandoah Business Park, according to sources familiar with the negotiations…

Economist: Buy into Austin retail real estate now, but sell those hotels

Looking for the right commercial real estate investment? The word is “retail.”

Ted Jones, chief economist for Stewart Title Guaranty Co., says the coming retail boom will blow the socks off any other real estate sector.

Retail real estate returned investors 12.4 percent in 2014. Yes, that’s across the U.S., but Austin stands to match or exceed forecasts in the retail sector.

One of the major reasons for that is a significant increase in the money supply. Households have paid down debt since the…

Developers buy ‘dead zone’ site between Glenwood South, Warehouse districts in downtown Raleigh

Two Raleigh real estate firms and a Chicago investor have bought the buildings and much of the land at the corner of Hillsborough and West streets in downtown Raleigh that has sat mostly vacant the past five years.

The one-acre property, which is bound also by Harrington and Edenton streets across from the Four Diamond-rated Second Empire Restaurant & Tavern, was previously owned by a hotel developer that acquired the site in 2007 with plans to build two new hotels on behalf of Aloft and Hampton…