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June 5, 2024

Foxtrot Set To Reopen About A Dozen Stores This Summer

Foxtrot founder Mike LaVitola is planning to reopen roughly a dozen stores this summer, mostly in Chicago, following a whirlwind saga that saw the grocer abruptly shutter its 33 locations in April and its parent company file for bankruptcy in mid-May. 

Foxtrot Set To Reopen About A Dozen Stores This Summer

All of the stores LaVitola aims to reopen are in existing spots, with the first two shops to make a comeback likely to be Chicago's Gold Coast and Old Town locations, Crain's Chicago Business reports. The company also plans to reopen stores in Dallas and Austin, according to CBS…

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Cresa Acquires Big-Name Houston Brokerage

Two Houston occupier-centric brokerage teams are joining forces after Chicago-based Cresa acquired Houston’s Fritsche Anderson Realty Partners, the companies announced. 

Cresa Acquires Big-Name Houston Brokerage

The combination of Fritsche Anderson’s 11 brokers with Cresa’s Houston team, for a total of 23, will result in Houston’s largest privately held CRE firm focused exclusively on tenant representation, according to a news release. The founders of Fritsche Anderson, Anthony Fritsche and David Anderson, will join Cresa’s Houston office as…

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AI Can Turn Hours Of Architecture Work Into Seconds. But At What Cost?

It was on a plane from St. Louis to Atlanta that Eli Hoisington, co-CEO of HOK, found himself sketching on his iPad. A visual artist, Hoisington said he still enjoys the process of putting pen to paper — or in this case stylus to screen. 

Just a year ago, he would have taken those drawings and started a long process of iterating — likely bringing in a rookie architect to do some of the early visioning. But today, Hoisington is able to accomplish that next step within an hour. When he gets back to his desk, he uploads the sketches, overlays and cleans them up and presses a button.

The artificial intelligence-driven software then spits out several variations in seconds.

AI Can Turn Hours Of Architecture Work Into Seconds. But At What Cost?

AI tools are just now getting to a point where they are advanced enough to be useful to architects, half a dozen individuals in the profession told Bisnow. Their firms have increasingly been experimenting with software and determining how best to use the technology in their practices. But as firms dip their toes…

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Hochul Slams Brake On Congestion Pricing, Rejecting Real Estate-Backed Policy

Hochul Slams Brake On Congestion Pricing, Rejecting Real Estate-Backed Policy  

Less than a month before the United States' first congestion pricing program was set to take effect, New York Gov. Kathy Hochul has made a historic about-face.

The toll, which became  state law in 2019 but has taken five years and millions of dollars to implement, would charge passenger cars $15 to drive below 60th Street during the peak hours of 5 a.m.-9 p.m. on weekdays and 9 a.m.-9 p.m. on weekends, with  higher

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