Despite the fact that interest rates are projected to increase significantly this year, commercial real estate is expected to perform well and even strengthen in industrial and multi-family sectors, according to the National Association of Realtors. Meanwhile, single-tenant stores, neighborhood …
Shifting its focus to apartments, Mack-Cali Realty is rebranding as Veris Residential, which Chair Tammy Jones calls “an important milestone following the transformative steps the company has taken since the reconstitution of the board of directors.” The Real Deal
Pittsburgh’s airport of the future is officially under way. Officials broke ground on a new 700,000 square-foot terminal project, marking Pittsburgh International Airport as the first terminal in the country to be built from the ground up in a post- …
Work on a new “African Safari” exhibit at Nashville Zoo in Tennessee is to begin this fall. The 40-acre expansion project will include a walking path, a 12-minute boat ride, a restaurant and lodge, glamping tents and backstage tours. WKRN-TV
From our Commercial Construction & Renovation family to yours, here’s to a great Labor Day. May the rest of the year be safe, successful and rewarding.
The Huntsville, Alabama Public Works Department is finalizing the design and preparing the site of a facility that will replace Joe Davis Stadium. WHNT-TV
Plans to build an immersive theme park named Storyville Gardens in Middle Tennessee have been revealed. Hotels, entertainment facilities and dining spaces are also planned for the project. Work could start in mid-2022 to allow for an opening in 2025. …
A $143 million BioLab chemical facility and a $20 million children’s museum and science center are planned in Lake Charles, Louisiana, as the city recovers from last year’s busy storm season. The BioLab project rebuilds a plant that burned down …
Philadelphia International Airport is planning a 136-acre expansion of its air cargo facility. The plan also includes 5 million square feet of taxiway and apron paving. PhillyVoice
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