March 28, 2019 Permits issued for $285-million Asurion development in Nashville, TN Sources: Nashville Post, Highwoods Properties Highwoods Properties is moving ahead with developing a site in Nashville. Authorities issued multiple permits for the developer’s project in the North Gulch area, which will eventually house Asurion headquarters. The collective value of the permits …
March 27, 2019 $26 million development coming to Hartford, CT Source: Joe Cooper, Hartford Business Journal The Hartford City Council has approved agreements for a 108-unit apartment and retail development at the corner of Park and Main Streets. Spinnaker Real Estate Partners of Norwalk and Freeman Cos. of Hartford will build the $26-million …
March 27, 2019 Amazon to expand its distribution hub in Baltimore, MD Source: Melody Simmons, Baltimore Business Journal Source: Ryan Sharrow, Baltimore Business Journal Amazon is leasing a 248,000-square-foot warehouse space in southeast Baltimore’s Port 95 Industrial Park. The move will expand Amazon’s Baltimore distribution hub. Amazon will share the warehouse complex with Johns …
Diesel Prices National Average Diesel Price Per Gallon: $3.080 Back in February the International Energy Agency warned that global oil supply was on track to outpace demand. However, analyst Helima Crof of RBC Capital Markets has a positive outlook on the future of oil prices. “The question is, what does Donald Trump do in May? Does he …
March 25, 2019 Iron Mountain extends $30 million in financing to MakeSpace Source: Kyle Wiggers, Venture Beat Self-storage company MakeSpace has secured $30 million in financing from record-storage and logistics firm Iron Mountain. MakeSpace has announced that it will also acquire Stashable, Iron Mountain’s valet consumer storage business. The partnership will provide an …
March 22, 2019 GM to add 400 jobs at Lake Orion, MI assembly plant Source: Robert Ferris, Phil LeBeau, CNBC GM is making a $300 million investment in its Lake Orion, MI plant. The move included adding 400 jobs to build a new electric vehicle. The move comes after Ford announced earlier this …
March 22, 2019 Maryland General Assembly approves $15 per hour minimum wage Source: Pamela Wood, The Baltimore Sun Despite testimony last month from business owners and trade associations opposing the move, Maryland is proceeding with raising the state’s minimum wage from $10.10 to $15 per hour. The bill will now go to Governor …
March 21, 2019 Over 1,000 manufacturing and distribution jobs coming to the Nashville, TN area Source: Joel Stinnett, Nashville Business Journal SmileDirectClub is adding a total of 2,010 jobs in Nashville over the next five years. Over 1,000 of those jobs will be in the company’s manufacturing plant in Antioch, TN. The rest …
March 20, 2019 Flat Rock, MI plant to shift to electric vehicle production Source: Ian Thibodeau, The Detroit News Ford Motor Company announced today that production of new battery-electric vehicles, autonomous vehicles, and the next generation of Mustang is coming to Michigan. The company plans to build the battery-electric vehicles and the new …
March 19, 2019 375,000-square-foot grocery fulfillment center coming to Groveland, FL Source: Kyle Arnold, Orlando Sentinel Kroger and British grocery company Ocado plan to build a fulfillment center in Groveland, FL. The fulfillment center will be located in an industrial park near American Way and U.S. Highway 27 in north Groveland. Construction will …
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