February 27, 2019 Assembly plants in Detroit, MI to create 6,500 jobs Source: Derick Hutchinson, Click On Detroit Fiat Chrysler has announced plans to build a new assembly plant in Detroit. The company also plans to invest $4.5 billion in five of its existing Michigan plants. The moves is expected to create 6,500 jobs. Included …
Diesel Prices National Average Diesel Price Per Gallon: $3.05 After OPEC – along with Russia – announced cuts to oil supplies in December 2018, prices have been steadily edging upward. However, now the suppliers’ deal to cut production is in jeopardy. Saudi Arabia agreed to account for the bulk of OPEC’s cuts. But Russia (a …
February 25, 2019 New 20-story mixed-development tower coming to downtown Raleigh, NC Source: Ben Graham, Triangle Business Journal California-based Acquisition Group is planning construction for a 1.5-million-square-foot development in downtown Raleigh. The development, called Nexus, will be located on the site of the former News & Observer property. It will feature office, retail, …
February 21, 2019 Wegman’s plans its 6th store for the Triangle Sources: Zachary Eanes, The News & Observer Ben Graham, Triangle Business Journal Wegman’s already has plans for 5 stores in the Triangle: two in Cary, one in Raleigh, one in Wake Forest, and one in Chapel Hill. Now, the Rochester, NY-based grocery …
Diesel Prices National Average Diesel Price Per Gallon: $3.01 Brent crude was trading at $62.90 a barrel Tuesday morning, up 0.8% West Texas Intermediate stood at $53.46, or 0.6% higher. Last month, President Trump’s administration imposed targeted crude oil sanctions on Venezuela. The move was meant to bar President Nicolas Maduro from accessing oil revenue. …
February 20, 2019 In case you missed it: Newark’s Valentine’s Day bid for Amazon’s HQ2 Source: Karen Yi, NJ.com Newark, NJ sent Amazon a Valentine’s Day bid for HQ2 after the e-commerce giant’s plans for a new campus in New York City fell though. City representatives sent Amazon a heart-shaped card that read: …
February 20, 2019 19-story residential and retail tower coming to Music Row in Nashville, TN Source: Adam Sichko, Nashville Business Journal Ditto Residential has announced plans for a 19-story mixed-use building on Nashville’s Music Row. The tower will consist of 100 apartments along with ground-floor retail space. The tower will be located at …
February 19, 2019 20-story apartment tower coming to downtown Raleigh, NC Source: Zachery Eanes, The News & Observer Boston, MA property developer The Fallon Co. has submitted plans for a new 20-story high-rise on Hillsborough Street. The move comes after a February 14 announcement of more construction coming to Hillsborough Street. CA Ventures …
February 18, 2019 The 5 biggest food distributors in Baltimore, MD area Source: Maria Sieron, Triangle Business Journal #5 Sysco Food Services of Baltimore LLC 8000 Dorsey Run Road Jessup, MD, 20794 (410) 799-70000 Founded in: 1919 Number of employees: 680 From Bloomberg.com: Sysco Baltimore, LLC markets and distributes food and food service products in …
February 15, 2019 Restaurants, retail under construction on 13-acre site in Royal Oak, MI Source: Mike Martindale, The Detroit News Officials at Beaumont Health – which owns a 13-acre site called Woodward Corners – have announced some of the businesses that will open at the site of the former Northwood Shopping Center. The …
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