August 9, 2019 $200 million development coming near Hartford’s Dunkin’ Donuts Park Source: Kenneth R. Gosselin & Steven Goode, Hartford Courant A judge’s ruling has cleared the way for a stalled retail and housing development in Hartford, CT to finally get underway. The project will include 200 mixed-income apartments, 11,000 square feet of …
August 7, 2019 Tampa, FL ranks among the best cities for investment Sources: Ryan Lynch & Ashley Portero, Tampa Bay Business Journal Cushman & Wakefield Tampa is among the best places to invest in opportunity zones – a designation that gives tax advantages for investments in low-income areas. According to a list compiled …
August 7, 2019 GM opens $65 million parts processing center near Flint, MI Source: Jamie L. LaReau, Detroit Free Press General Motors opened a 1.1-million-square-foot parts processing center in Burton, MI this week. The facility employs about 800 workers. The facility will package and distribute about 120 million parts per year for Chevrolet, …
August 6, 2019 Senators urge Google to convert temporary workers to full-time Source: Daisuke Wakabayashi, The New York Times A group of Democratic senators has sent a letter urging Google to change the status of its 121,000 temporary workers to full-time after six months of employment. Senator Sherrod Brown of Ohio penned the …
Source: CNBC Escalating trade tensions between the U.S. and China continue to weigh heavily on oil markets. Brent crude prices have lost more than 9% in the past week, and the index currently sits at a 7-month low of around $60 per barrel. However, a Reuters poll shows that U.S. crude inventories are expected …
August 5, 2019 PepsiCo distribution facility coming to southeastern Indianapolis, IN Source: Mickey Shuey, Indianapolis Business Journal Developer Scannell Properties has plans to build a $14.5 million distribution and warehouse facility in southeastern Indianapolis. The warehouse will be constructed for PepsiCo Inc., which currently has several facilities around the city. The facility will …
Unemployment rate: 3.7% Source: Jeff Cox, CNBC Bureau of Labor Statistics The unemployment rate in July remained unchanged at 3.7%. Payrolls rose to 164,000 during the month, which is keeping with analysts’ predictions of 165,000. The size of the labor force also jumped sharply as 370,000 new workers entered the labor force, which brought …
August 1, 2019 Livonia and Grand Rapids make the list of the 10 hottest real estate markets Sources: Steve Pepple, Detroit Free Press Source: Clare Trapasso, Realtor.com According to Realtor.com, Livonia, MI is the hottest real estate market in the Metro Detroit area. The area is so popular that Livonia’s 48154 zip code …
August 1, 2019 New tenant signs lease in Tampa, FL last-mile fulfillment center Source: Ashley Gurbal Kritzer, Tampa Bay Business Journal Harper Limbach has signed a lease for over 31,000 square square feet of space in the downtown Tampa Fulfillment Center. The company delivers mechanical, electrical, and plumbing control systems. The property, which …
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 …
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