May 4, 2015
Developers who just purchased about 30 acres near Interstate 20 are eager to start construction on a new industrial park. Ridgeline Property Group and Stockbridge Capital Group bought the site in far southern Dallas on Interstate 35E and plan to break ground next month on a speculative warehouse. “The pace of construction activity in south Dallas has picked up significantly, and many speculative projects have enjoyed successful pre-leasing efforts,” said Ridgeline...
May 4, 2015
LAREDO, Texas – Majestic Realty Co., the nation’s largest, privately-held real estate development company, has completed the acquisition of a 2000-acre land site from a subsidiary of Mercedes-Benz. Majestic plans to redevelop the site with modern warehouse distribution space to support the growing international flow of commerce between Mexico and the United States, according to company officials. Laredo recently advanced its rank and is now the nation’s third...
Apr 27, 2015
Majestic Realty Co. will build 452,400 square feet of speculative industrial space in Aurora, with plans to break ground this month. Majestic, based in a suburb of Los Angeles called City of Industry, decided to construct the space after leasing nearly 300,000 square feet of its most recent speculative property. The new project, dubbed Building No. 29, will be built at Majestic Commercenter near the intersection of Interstate 70 and Tower Road. The property is...
Apr 27, 2015
AURORA, Colo. – With new lease agreements in place for nearly 300,000 square feet of its most recent half-million-square-foot speculative property, Majestic Realty Co. today announced plans to build a 452,400-square-foot sister speculative industrial warehouse and distribution facility at its Majestic Commercenter. Set to break ground in April, Building #29 is a Class-A industrial property scheduled for completion by Nov. 1, in time to help meet anticipated...
Apr 22, 2015
A developer is planning big in Las Vegas. Majestic Realty, perhaps best known for its involvement with a scraped plan for a UNLV football stadium, is projecting to break ground on a large speculative industrial space before the end of 2015, according to a company spokesman. The project adds to an already extensive list of new large-scale industrial space construction projects planned around the Las Vegas Valley. The projected warehouse distribution space — which...
Mar 18, 2015
E-commerce is poised to take the industrial market by storm with more than one-half of all retail sales projected to be done online as soon as 2020. DFW’s industrial market should see increased activity in the mega-deal space, largely because of that e-commerce boom, says Majestic Realty Co. VP Al Sorrels (with his son, Blake, at the NCAA national championship at AT&T Stadium). The potentially exponential growth will be among the biggest impacts to the...
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