Business Specialties
Approval Paves the Way for Asphalt Facility
By Anca Gagiuc, Associate Editor Manor, Texas—Ergon Asphalt & Emulsions Inc. of Jackson, Miss., has received approval to build a new asphalt terminal in Manor, Texas. Construction is scheduled to begin early this year and completion is expected to be ready in time for the 2017 road construction and paving season. Located about 15 miles from downtown Austin, the new facility will span about 27 acres. The terminal will provide access to nearby interstates thoroughfares for direct customer sales, and will accommodate inbound rail and trucks. Ergon Asphalt’s facility will house neat and polymer modified asphalt products used in paving and…
Admiral Capital Sails to Silicon Valley
San Tomas Plaza’s new owners, Admiral Capital Group and Bay West Development, plan to upgrade the property as well as its tenant roster.
CFIRE Report Details Energy Project Financing Options
The new report provides recommendations for financing energy-efficiency and renewable-energy projects.
Viking Partners Acquires Overland Pointe Marketplace for $8.5M
A suburban Kansas City retail center lands a new owner.
Green Light for $1.5B Boston Mixed-Use Project
National Real Estate Advisors and HYM won approval for a $1.5 billion project to transform a half-century-old parking garage into a major mixed-use development in Boston.
9Round Gym Opens Fourth San Antonio Location
By Anca Gagiuc, Associate Editor San Antonio, Texas—9Round, a national chain of kickboxing gyms, opened its 300th club, the fourth in San Antonio. The milestone club opened in Alamo City as the most recent outcome of a vast expansion effort, which resulted in locations in 40 states and five countries. “There is no better way than to start 2016 with the opening of our 300th location, which is a true milestone and accomplishment for any franchise brand. Every opening is worth celebrating, and we certainly look forward to unit 500, unit 1000 and beyond,” said Shannon Hudson, founder & CEO of 9Round….
DLA Piper Adds Space in Manhattan
The global law firm signed a 15-year, 200,000-square-foot lease extension at 1251 Avenue of the Americas, with plans to build new office space across five floors.
Lightstone’s Times Square South Moxy Hotel Fetches $330M Financing
Lightstone scored $330 million for the development of a 618-unit Marriott Moxy Hotel in Times Square, part of the developer’s plan to expand the Moxy brand.
Sonterra Village Shopping Center in San Antonio Acquired for $21.5M
A new 42,492-square-foot shopping center in the San Antonio metro area has been acquired by InvenTrust Properties Corp.
King-Size Lease for Queens
Colliers International closed a historic 99-year ground lease at 136-62 Roosevelt Ave. in Flushing, N.Y., the largest real estate transaction ever in the Queens neighborhood.