News
Eli Lilly Plans $180M Expansion of Insulin Cartridge Plant in Indianapolis
Locally based pharmaceutical giant Eli Lilly and Co. is considering an additional $180 million investment in its Indianapolis-based insulin manufacturing operations.
Plans call for an 84,000-square-foot expansion of the company’s $140 million plant currently under construction in the southwest area of downtown Indianapolis. The new facility will increase the company’s insulin-active-ingredient manufacturing capacity and create a second insulin-cartridge-filling line. The production area is expected to become operational in March 2014, while construction on the insulin-cartridge-filling line would be complete by 2016.
Nordstrom Adds 35K SF Rack Store to Local Retail Options in Jacksonville
After last year’s announcement that Nordstrom will be opening a 124,000-square-foot, two-level full-line store at St. Johns Town Center, the fashion retailer is now also planning a 35,000-square-foot Nordstrom Rack store at The Markets at Town Center in Jacksonville. The opening date has been set for fall 2013.
Gladstone Announce $28M Mixed-Use Project to be Developed by Flaherty & Collins
Gladstone officials have announced plans for a $28 million apartment-retail project in downtown Gladstone. The project which will add 222 market-rate apartments and retail space is set to be developed and managed by Indianapolis-based Flaherty & Collins Properties
Panther Acquires Memphis Properties in $75M Portfolio Acquisition
Panther Properties Investment, LLC, a Boston-based private equity multifamily investment firm has announced purchasing a three-property multifamily portfolio for $75 million
CCPT III Rejects Latest ARCP Offer; ARCP Fires Back
American Realty Capital Properties has quickly fired back at Cole Credit Property Trust III’s rejection of its last two proposals to acquire Cole in a nearly $10 billion takeover.
Holiday Inn NYC – Lower East Side Opens at 150 Delancey Street
By Veronica Grecu, Associate Editor The growing InterContinental Hotels Group (IHG) empire recently added a new facility to its New York City list of hotels with the opening of Holiday Inn NYC – Lower East Side at 150 Delancey St. Designed by architect Gene Kaufman, who has a long history with hotel projects in New […]
South Beach ACE Unveils Breathtaking Proposal for Miami Beach Convention Center
With the competition for the spot to assist the City of Miami Beach in the redevelopment of the Miami Beach Convention Center being down to the last two contenders, South Beach ACE has now unveiled its master plan.
New Apartment Projects Rumored in Charlotte
New apartment project rumors have been abundant lately. Following Gvest Partners’ recent announcement of developing a $37 million 342-unit apartment complex in the artsy NoDa neighborhood of Charlotte, another hot Charlotte area could see a brand new apartment community.
LaSalle Taps HSBC’s Kern for CEO Americas Job
HSBC’s loss will be LaSalle Investment Management’s gain. LaSalle has snapped up Jason Kern, an HSBC managing director & head of the company’s Asia-Pacific Real Estate & Lodging Advisory Group, to serve as LaSalle’s new CEO of the Americas.
Developers Kick-Start $38M Transit-Oriented Apartment Community in Orlando
A new community is set to rise in downtown Orlando, as developers Wood Partners and The Ustler Group have joined forces and started working together on a 248-unit urban apartment community called The Ivy – Residences at Health Village.