May 31, 2019 Home Depot plans $67 million distribution center in Plant City, FL Source: Veronica Brezina-Smith and Ashley Gurbal Kritzer, Tampa Bay Business Journal Home Depot has petitioned city commissioners for tax exemptions on a new distribution hub in Plant City. The company says the distribution center will create between 150 …
Month: May 2019
Business News Flash – Winston-Salem, NC
May 30, 2019 Amazon confirms fulfillment center, 1,000 jobs are coming to Kernersville, NC Sources: Margaret Moffett, Triad Business Journal Richard Craver, Winston-Salem Journal Amazon has confirmed that it is building a 1,000-job fulfillment center in Kernersville, NC. The facility, which will be 1 million square feet, has been in development since …
Business News Flash – Durham, NC
May 29, 2019 Hundreds of new apartments coming to downtown Durham, NC Source: Zachery Eanes, The News & Observer According to economic development agency Downtown Durham Inc., there are currently 1,891 new apartments either planned or under construction in downtown Durham, NC. The influx of investment and new construction comes after a …
Diesel And Lumber Prices – May 29, 2019
Source: Lizzy Gurdus, CNBC Last week, crude oil prices had their worst performance since the start of 2019. Prices have been uneven this year overall, and analysts are predicting that these weak prices will continue. “It does appear to us that we’ve got some kind of a problem with energy,” said technical analyst Louise Yamada. …
Business News Flash – Nashville, TN
May 24, 2019 Element hotel coming to Nashville’s OneCity development Source: Adam Sichko Nashville Business Journal Atlanta-based developer Noble Investment Group has secured a loan for an Element hotel on the site of the OneCity development. The hotel will be six stories and have 175 rooms. The OneCity development already includes an office …
Business News Flash – Indianapolis, IN
May 23, 2019 “Speedway Solar” project coming to Shelby County, IN Source: Associated Press via Fox59.com Construction of a $175 million, 1,200-acre solar farm in central Indiana is expected to start in 2022. The building phase of the project will employ about 400 workers. The project, which will be built by Ranger Power …
Business News Flash – Raleigh, NC
May 22, 2019 Developer seeks approval for 40-story development off Capital Boulevard in Raleigh, NC Source: Cliff Barnes, Triangle Business Journal Zimmer Development is seeking approval to rezone a property off Capital Boulevard. The zoning change would allow the developer to build a 40-story mixed-use development on a 1.48-acre parcel. The parcel is …
Business News Flash – Nashville, TN
May 21, 2019 Taller skyscraper coming to downtown Nashville, TN Source: Adam Sichko, Nashville Business Journal Developer Ray Hensler has released public plans for a taller skyscraper in downtown Nashville. The original plans for the development featured a 25-story skyscraper. But the latest plans show that the building’s height will increase to …
Diesel And Lumber Prices – May 21, 2019
Source: Huileng Tan, CNBC Oil prices jumped this week after the Saudi Energy Minister indicated that OPEC will continue to limit supply. The energy minister’s comments come after OPEC and its allied oil-producing countries agreed to reduce output by 1.2 million barrels per day for six months starting on January 1, 2019. Analysts also expect Iranian …
Business News Flash – Tampa, FL
May 20, 2019 Amazon cargo hub planned for Lakeland, FL airport Source: Veronica Brezina-Smith, Tampa Bay Business Journal Amazon is moving forward with plans to lease 47 acres in the northwest sector of Lakeland Linder International Airport. Amazon would then be able to expand onto additional acreage within the first five years of …