News
Walmart to Invest $450M in Florida
The company’s expansion includes nine new stores, the opening of a 150-acre eCommerce distribution campus in Davenport and the construction of a distribution center in Cocoa.
MetLife Taps Highwoods for NC Expansion
After having wrapped up construction on MetLife’s $125 million global technology headquarters in Cary in 2015, Highwoods Properties was selected to spearhead the development of a third building at the Weston Lakefront office park.
W Hotels Opens First W Sound Suite in North America
The company, together with its partner Coca-Cola, opened a private recording studio and creative space at W Seattle. Josh Held Design designed the Sound Suite concept.
Phoenix Rising
The Valley of the Sun is riding a wave of solid performance. New supply is keeping pace with demand, helping to maintain healthy vacancy rates.
A&S Building Systems Relocates to David Jones Industrial Park
The NCI Buildings Group division moved from Caryville, Tenn., to an Andersonville, Tenn., industrial park located 16 miles away. The Hollingsworth Cos. developed A&S Building Systems’ new facility.
TEI Goes Shopping in Tenn.
Spanning more than 700,000 square feet in total, Time Equities Inc. expanded its southeastern retail footprint with the $53.5 million acquisition of College Square Mall and Foothills Mall.
Automotive Supplier to Open New Plant in Alexander County
Borealis Compounds Inc. intends to invest $15 million in a production facility in Taylorsville, N.C. The Austrian company will create 37 jobs.
Nashville Hyatt Hotel Gets $41M Citizens Bank Construction Loan
A partnership between Songy Highroads LLC and an affiliate of Hyatt Hotels Corp. will build the 201-key hotel in Nashville’s West End.
UPS Doubles KS Footprint with $220M Investment
The firm will add 200,000 square feet to its Lenexa, Kan., facility. A second facility in Edgerton, Kan., will add another 197,000 square feet by this fall.
Two Landmark Buildings in Downtown Detroit Top Off
The last structural pieces of steel were placed at the Little Caesars world headquarters campus and the Mike Ilitch School of Business at Wayne State University, both located within Detroit’s most modern mixed-use development.