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  • Online giant to open machine learning hub in Barcelona

    Amazon is stepping up its commitment to machine learning.   The online giant plans to open a new research and development (R&D) hub in Barcelona, dedicated to machine learning. Amazon expects to open the lab in early 2018, according to The Verge.   Amazon plans to hire more than 100 engineers and scientists for the lab.   

  • Muji continues U.S. store expansion

    A Japanese lifestyle brand with a devoted following has opened an outpost in one of New York City's most hip neighborhoods that will serve as a model for future expansion.    Muji has opened a 7,300-sq.-ft. store in the Williamsburg section of Brooklyn. It is the retailer’s seventh store in the greater New York City area. In addition to New York, Muji has six locations in California, one in New Jersey and one in Boston. It plans to add more U.S. stores next year.  

  • One Kings Lane puts down physical roots

    Online home furnishings and decor retailer One Kings Lane is making its temporary foray into brick-and-mortar retail more permanent.   The retailer opened its first-ever physical location, a seasonal pop-up in the posh resort town of Southampton, New York, at the beginning of summer. But the company said the response to the temporary store was so positive that it has decided to make it a permanent space.  

  • Howard Hughes CEO re-ups for 10 years

    David Weinreb, who took The Howard Hughes Corporation public, will now take the company well into the next decade.   The Dallas-based company announced it has entered into a new employment agreement with Weinreb that runs through 2027. As part of the deal, Weinreb completed the acquisition of nearly two million stock warrants in the company at a cost of $50 million.  

  • PREIT sells Altoona mall for $33 million

    PREIT, which has long been pursuing a strategy of unloading underperforming malls from its portfolio, announced it has sold the Logan Valley Mall for $33.2 million net of credits issued to the buyer. The new owner’s identity was not released.   The Altoona, Pennsylvania, mall -- anchored by Macy's, J.C. Penney and Sears -- had been turning in sales-per-square-foot of $324 versus an average of $475 for the rest of the PREIT portfolio.  

  • Report: The cities that line up with Amazon's headquarters criteria are...

    It didn't take long for cities across North America to throw their hat in the ring when Amazon announced it had initiated a search for a city in which to build a second headquarters.    In seeking proposals, Amazon laid out some very definite criteria, including population requirements (one million or more). CNBC examined the criteria and suggested that five cities are worthy of a close look by Amazon: New York, Atlanta, Chicago, San Francisco and Boston.   

  • Amazon on hunt for location to build a second North American headquarters

    The search is on for Amazon.    The e-commerce giant is currently evaluating where it will open its second company headquarters in North America. The new office, referred to as "HQ2," will be a complete headquarters — not a satellite office. It also could have a similar layout to Amazon's Seattle campus, which employs 40,000 people, and encompasses 8.1 million sq. ft. with 33 buildings, including 24 restaurants.  

  • First Look: Amazon Books, Manhattan

    Eleven and counting. That's where Amazon Books stands with the opening of its newest outpost.  
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