Business Specialties
US Bank Breaks Ground on $250M Minneapolis Data Center
Stream Data Centers was tapped to develop the 56,000 square-foot-building by the end of this year. Upon completion, the center will incorporate two utility feeds from two separate substations designed to support 2.4MW of IT data load.
Meritex Snags 300 KSF Industrial Property
1080 Park Place in Shakopee, Minn., was built in 1993 by The Opus Group and boasts full occupancy. Steve Dorff, senior asset manager with Meritex, will manage the property.
Chinese Manufacturer to Invest $11M in First SC Plant
China Hengshi Foundation Co. is locating new operations in Richland County. The facility is expected to create a little under 50 jobs.
CBRE Closes Sale of Ft. Lauderdale-Area Retail Asset
Advance Auto Parts has been operating at the location for the past 25 years and has recently signed a 10-year lease renewal.
Office Building Planned for Miami’s CocoWalk
The new ownership is set to revitalize CocoWalk’s existing retail spaces, with plans to add a five-story office building to the lifestyle center.
MCA Realty to Develop 140 KSF Industrial Facility
With completion scheduled for the end of the year, MCA Realty is set to break ground on the new industrial development this month. CBRE and Lee & Associates represented MCA in the acquisition of an 8-acre parcel in Temecula, Calif., for the project.
SMS Lodging Adds Miami Hotel to Management Portfolio
Hotel Astor marks the eighth project for the company in South Florida, as it also owns, manages and operates several boutique properties in Key West and Miami.
Merritt Expands Footprint With NoVa Campus
The 596,000-square-foot I-66 Business Park will comprise six industrial buildings, two of which are expected to be completed in 2017.
Bal Harbour Shops to Undergo $400M Expansion
The luxury retail destination, developed and owned by Whitman Family Development for more than five decades, will add roughly 340,000 square feet.
Master Plan Set for City Market of LA
The 10-acre site will include buildings ranging from three to 38 stories, offering 945 residential units, 210 hotel rooms, 225,000 square feet of retail, a restaurant, entertainment space and 312,000 square feet of educational facilities.