July 31, 2019 East Baltimore, MD warehouse sells for $7.8 million Source: Melody Simmons, Baltimore Business Journal A 200,000-square-foot warehouse in East Baltimore has sold for $7.8 million. The property was purchased by SK Realty Management, an investment firm based in New York. The property is located a few miles from the Port …
July 31, 2019 Michigan road construction workers go on strike Source: Kurt Nagl, Crain’s Detroit Heavy machine operators in Michigan went on strike today. The workers are protesting the labor practices of Rieth-Riley Construction. Rieth-Riley is based in Indiana, but is a road paver and asphalt supplier in Michigan and has an administrative …
Source: CNBC Expectations that the U.S. Federal Reserve will soon cut interest rates have bolstered oil prices. Central bankers will begin their two-day meeting today and are expected to cut interest rates for the first time in more than 10 years. Such a move would lower borrowing costs, which would support fuel consumption across …
July 22 2019 New Amazon fulfillment center coming to Nashville, TN Source: Alex Soderstrom, Nashville Business Journal Amazon has filed permits to open a new fulfillment center in Nashville. The facility would be used to support the company’s same-day delivery service. The center would be about 100,000 square feet and located near …
July 19, 2019 Opening of Amazon distribution center in Garner, NC to be delayed Source: Lauren Ohnesorge, Triangle Business Journal Amazon’s new distribution hub in Garner, NC was originally scheduled to open in the fall of 2019. But economic development officials for the town of Garner are now saying that a 2020 …
July 18, 2019 Food distribution warehouse breaks ground in Jessup, MD Source: Melody Simmons, Baltimore Business Journal The North Atlantic Fish Co. is building a new 70,000-square-foot warehouse in Jessup. The facility is expected to create 50 jobs, which will bring North Atlantic’s workforce in the industrial hub up to 275 employees. …
Source: CNBC Oil companies shut down 74% of U.S. oil production in the Gulf of Mexico and evacuated workers from 280 production platforms ahead of Hurricane Barry. But oil producers began to restore operations as of Monday, July 15. The storm made landfall in Louisiana on Saturday, July 13 and traveled north, eventually reaching …
July 15, 2019 Major industrial, residential, and commercial development coming to Noblesville, IN Source: Sam Quinn, Indianapolis Business Journal Boomerang Development has proposed a $157-million, 240-acre development in east Noblesville, IN. The development will be split into five property types, which will include industrial, commercial, and multifamily. According to a Boomerang Development …
July 10, 2019 Developer proposes new distribution center in South Windsor, CT Source: Joe Cooper, Hartford Business Journal Scannell Properties of Indianapolis, IN wants to build a distribution center in South Windsor. The proposed facility would be over 420,000 square feet. Before the project can move forward, planning and zoning officials will need …
Source: CNBC OPEC supply cuts outweighed downward pressures on the global economy last week, leading to a rise in oil prices. Oil prices were also helped by reports that are expected to show a drop in U.S. crude inventories. Petroleum Prices Diesel and Gasoline (U.S. Averages) Units Current Price 1 …
Call your local office today! LocationsContact Us
