EnerSys selected Greenville, SC to develop a lithium-ion cell gigafactory to advance battery production in the United States. EnerSys has applied for a comprehensive incentive package through South Carolina and Greenville County valued at approximately $200 million, including short-term and long-term incentives. The Company intends to use a portion of…
As part of the city’s efforts to eliminate “blight” and improve communities, the Detroit Construction & Demolition Department has demolished its 100th commercial property since January 2023. The long-vacant Charles Hanneman Elementary School located at 6420 McGraw, was the ceremonious 100th site….
The Dermon Building in Memphis was built 99 years ago, designed as an office building. It’s been vacant since 2010, but now a group is moving forward with a hotel. Turkey Creek Hospitality and Hospitality Builders of America are heading…
Hall Emery and Woodfield Development are planning a 22-story high-rise apartment building at the Music Row roundabout. The Nashville Business Journal reports the project will be referred to as Demonbreun Hill and include 333 units with 10,000 square feet of…
Marcus & Millichap closed the sale of Buckley Commercial Building and Yard, a 10,512-square-foot industrial property located in Buckley, Washington. The asset sold for $2.3 million, according to Joel Deis, regional manager of the firm’s Seattle office. Matthew Herman and…
Pine Grove Communities has secured a $36.4 million construction loan for Foxgrove on Castleberry, a 198-unit single-family rental community in Dawsonville, Georgia. Dawsonville is about an hour north of Atlanta. A CBRE team led by Mike Ryan arranged the financing….
University Health has started work on University Health Palo Alto Hospital, a $470 million project that will anchor a $500 million medical campus. The San Antonio Business Journal reports the hospital, which will house 166 beds will be built on a…
1455 Lincoln Parkway is an 186,846-square-foot office building in Atlanta’s Central Perimeter submarket. Search firm Innova Solutions acquired the building and plans to relocate its headquarters there. The company plans to occupy the top two floors of the building, totaling…
Landmark Properties acquired a 15-acre site near the University of Colorado Boulder (CU Boulder). The firm will begin construction on The Standard at Boulder, a 936-bed student housing community. The project caps off approximately $700 million in year-end transactions for Landmark in 2023. The…
Another historic office structure with good bones has been picked up for a likely conversion to apartments. The Samaroo Group purchased the downtown Nashville’s Morris Memorial building. The Nashville Business Journal reports the iconic four-story structure on MLK Boulevard sold…
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