Construction: $2.2M FedEx building permit filed

Another day, another FedEx building permit has been filed for the Memphis World Hub. A building permit was filed Dec. 18 for 2788 Sprankle Dr., part of the Memphis-based logistics and delivery provider’s footprint at the Memphis International Airport. The permit was valued at $2.2 million and was for “two new glycol tank facilities for … Read more

Gahanna to get $15M hotel in revived Hamilton Towne Centre plan

Plans for a development in Gahanna, which had been stalled, look to be moving again. Developers David Glimcher and Lenni Male, and their Berkshire Township-based Blue Horseshoe Development LLC, are moving ahead with a new plan for the previously announced Hamilton Towne Centre development at 4574 N. Hamilton Rd. The project had been put in … Read more

Cincinnati’s largest CRE sales of 2018: PHOTOS

Interest in buying Greater Cincinnati commercial real estate continues to be high, as overall sales of commercial real estate are up 15 percent compared to a year ago. Through the first three quarters of 2018, nearly $2 billion worth of properties and portfolios of $2.5 million or more were sold. To put that in perspective, … Read more

UF's new baseball ballpark to break ground in February

The University of Florida’s new baseball stadium will break ground in February, according to a University Athletic Association release. The UAA board approved the budget for the $65 million project on Wednesday. The facility will be located on 13.63 acres of land on Hull Road adjacent to the Donald R. Dizney Stadium. It is planned … Read more

Energy co. moves headquarters to San Felipe Plaza on heels of $2B deal

Houston-based Encino Energy LLC recently signed a long-term lease for multiple floors in San Felipe Plaza. However, the company is already operating out of temporary space in the building, at 5847 San Felipe St., according to executives with building owner Parkway Property Investments LLC. Encino previously was headquartered at 675 Bering Drive.  The new lease … Read more

Montante gets to work on Niagara Falls rehab project

The redevelopment has begun at three century-old buildings in Niagara Falls that sit almost directly across from the Seneca Niagara Resort & Casino. Crews from TM Montante Development have started work on the $5 million project that will see the structures at 7th and Niagara Streets transformed into a mixed-use complex. The project — named 616 … Read more

1.1M square feet of industrial space coming to Fort Worth

Crow Holdings’ real estate investment firm is partnering with a local developer to add 1.1 million square feet in industrial space to southern Fort Worth. Crow Holdings Capital-Real Estate and Fort Worth-based Rob Riner Companies plan to build a four-building industrial park that will include two cross dock facilities spanning 394,000 square feet and 294,000 … Read more

Exclusive: Memphis Made Brewing eyes second location

Memphis Made Brewing could be coming to the Edge neighborhood as part of the new Ravine park, developers of that project said Tuesday. Ethan Knight, of Development Services Group (DSG), said Memphis Made Brewing Co. is considering a move into 17,000 square feet of the former glass factory at 435 Madison Ave. and would retain … Read more

Cincinnati contractor helps bring antique cars back to Kings Island

A Cincinnati design-build general contractor is helping to bring antique cars back to Kings Island. Cintech Construction is constructing all of the buildings that will be part of Kings Mills Antique Autos. Ryan Wade, marketing manager for Cintech Construction, said this will be the company’s 20th project at Kings Island. He said even though Cintech … Read more

Hotel near Ohio State uses energy efficiency financing to make $16M upgrades

A hotel near the Ohio State University campus is getting some big energy efficiency upgrades. The Marriott Hotel & Residence Inn at 3100 Olentangy River Rd. will get $16.3 million in upgrades funded through Commercial Property Assessed Clean Energy, or C-PACE financing. The 354-room property is owned and managed by UPH Holdings, LLC, an affiliate of … Read more

Fidelity evacuates downtown headquarters following fire

A fire broke out at Fidelity Investments’ downtown Boston headquarters Wednesday afternoon, prompting an evacuation. The Boston Fire Department had ordered two alarms to 245 Summer St. as of 12:32 p.m. Wednesday, reporting heavy smoke in the rear of the building and “confirmed fire.” The Boston Police Department is directing traffic outside the 12-story office. … Read more

Mortgage company to invest $24M, create 1,000 jobs south of Charlotte in SC

ServiceMac, a mortgage subservicing company, is moving its operations to a 100,000-square-foot office in Bailes Ridge Corporate Park in Indian Land, South Carolina. The move is expected to create 1,000 jobs in the region over the next five years. ServiceMac is investing $24 million in the project. “We are proud to celebrate economic diversity in every … Read more

How one construction company is coping with price volatility in Dallas

Dallas is crowded with cranes as area construction booms. But even as the Metroplex grows, price volatility is a fact of life. “It’s been trending upward,” says Larry Knox, executive vice president at Bob Moore Construction. Price volatility for construction materials, such as steel, is a national issue, driven by both economic growth and tariffs … Read more

Tilt-up construction innovation leads to cost savings in DFW

If you’re familiar with the concept of barn raising, you know that tilt-up construction isn’t new. But innovators have taken it far beyond a group of neighbors building a barn. “It’s an industry filled with innovation,” says Mitch Bloomquist, executive director of Tilt-Up Concrete Association. “There’s just innovation all over the place. It’s very inspiring.” … Read more

Austin and PSV finalize soccer stadium deal; MLS team to kick off in 2020 or 2021

The deal between the city of Austin and Precourt Sports Ventures for a Major League Soccer stadium is complete. In a Wednesday morning city memo, Deputy Chief Financial Officer Greg Canally said the two sides have finalized and executed a lease and development agreement for McKalla Place, a 24-acre city-owned property in North Austin, just … Read more

French security company moving North American HQ to Reston

Global security firm IDEMIA will relocate its North American headquarters from a town north of Boston to Reston, a move that will bring at least 90 new jobs to Fairfax County. IDEMIA — a Paris-based company — already has offices in Chantilly and Alexandria. Its new Reston headquarters will occupy 18,000 square feet at One … Read more

Angel Fire brewery to make first expansion to Albuquerque

Enchanted Circle Brewing Co. has been wanting to expand to the Albuquerque market since it initially opened in 2016. Now, it looks like that plan is coming into fruition. The Angel Fire-based brewery has found a second home at 6001 San Mateo Blvd. NE, a 3,100-square-foot space that formerly was an I Love Sushi restaurant. … Read more

Vitamin PR founder buys Federal Hill building

The founder of public relations agency Vitamin has bought a building in a prime location across from the Maryland Science Center on Light Street in Federal Hill. A.V.M. Real Estate, which is registered to Vitamin COO and founder Michael Karfakis, bought the building at 720 Light St. for $725,000. The 6,000-square-foot, three-story building was sold … Read more

Developer behind San Jose's Coleman Highline project buys neighboring sites

The developer behind San Jose’s massive Coleman Highline development has purchased several large pieces of neighboring land from the city, the Mercury News reports, citing property records and city documents. Cupertino-based Hunter Storm on Dec. 14 paid $24.8 million for 12.7 acres of land next to its main Coleman Highline mixed-use development, which sits near … Read more

River House apartments near downtown Milwaukee sold for $58 million

The River House apartments near downtown Milwaukee sold for $58 million to Washington state investor Weidner Apartment Homes, which through several recent acquisitions is quickly becoming one of the largest housing landlords in the city. The River House property is on the Milwaukee River at 1785 N. Water St., and includes two apartment buildings that … Read more