News
Savvis to Open New Data Center in Minneapolis
Savvis, a CenturyLink company, specializing in cloud infrastructure and hosted IT solutions for businesses, recently announced plans to expand its North American footprint by opening a new data center in the Minneapolis-St. Paul area in the spring of 2014. The new Savvis MP2 data center, built to support 4.8 megawatts of IT load on 100,000 square feet of raised floor space, will open with an initial 1.2 megawatts and 13,000 square feet of raised floor space.
RPG Debuts Master-Planned Community in Celina; Landmark Acquires Richardson M-F
Dallas-based Republic Property Group marked a major milestone with the recent opening of Light Farms, a 908-acre master-planned community in Celina.
Bethesda to Gain More Than 600 Apartments in 2015
More apartments are coming to one of the most affluent and highly educated communities in the United States, as two developments in Bethesda have recently taken important steps in the development process. By 2015, they will deliver over 600 new residential units to the hot D.C. suburb.
Serco Sets Up Shop with 90 KSF Office Lease in Suburban St. Louis
Serco, armed with a $1.2 billion government contract to provide processing services for the implementation of the Patient Protection and Affordable Care Act, recently signed a five-year lease in the suburban St. Louis building that formerly housed the headquarters of the now-defunct vehicle contracts seller U.S. Fidelis.
JLL’s Martin Named New CEO of HCP
Less than a year after assuming the CEO of the Americas role at Jones Lang LaSalle, Lauralee Martin is departing to become president & CEO of HCP, the largest U.S. healthcare REIT.
Walmart to Open 1.2 Million Sq. Ft. Fulfillment Center in Bethlehem, Add 350 New Jobs
Liberty Property Trust, one of the biggest commercial landlords which owns and manages more than 15.1 million square feet of space in the Lehigh Valley area, announced a record 1.2 million-square-foot lease in the Lehigh Valley Industrial Park VII in Bethlehem
Detroit Becomes One of Google’s Seven Tech Hubs in North America
Internet giant Google launched last week a new network for tech startups that’s part of the company’s “Google for Entrepreneurs”, a two-year initiative currently operating in more than 100 countries that helps foster entrepreneurship and add new jobs in communities from all over the world.
220-Unit Apartment Project Advances in Upper St. Clair
A new 220-unit upscale multi-family development is slated to rise in the city’s Upper St. Clair suburb. According to the Pittsburgh Business Times, the project’s developer, a company affiliated with Bridgeville-based construction firm John Deklewa & Sons Inc., has recently been granted final approvals from the township’s municipality to move the project forward.
Omni Nashville Opens while Crescent Cool Springs Apartments Break Ground
A ribbon cutting ceremony attended by local, state and Omni company officials marked the grand opening of the 800-key Omni Nashville Hotel, possibly the most anticipated hotel development in Nashville.
Schorsch’s RCS Capital to Acquire Investors Capital Holdings
RCS Capital Corp. is expanding again, announcing two acquisitions within two days this week worth a reported $92 million – Investors Capital Holding Ltd. and Hatteras Funds Group.