Beltway Business Park continues development

A commercial real estate megaproject all but halted by the recession is once again seeing construction crews and heavy equipment moving dirt at the site on a new speculative industrial project. Southern California-based Majestic Realty Co. broke ground in the fourth quarter of 2016 on a 295,500-square foot speculative warehouse distribution center at its more-than-375-acre Beltway Business Park development, which runs along the south side of the 215 Beltway,...

Majestic Realty Brings New Spec Warehouse to Sin City

Las Vegas — Majestic Realty Co., the largest privately held developer and owner of master-planned business parks in the U.S., has broken ground on a 295,500-square-foot speculative warehouse distribution center in Las Vegas. The property is located within the company’s Beltway Business Park, just south of the Southern Beltway, at the intersection of Jones Boulevard and Badura Avenue. The asset has the capacity for multi-tenant...

MAJESTIC REALTY BREAKS GROUND ON 300,000-SQUARE-FOOT SPECULATIVE WAREHOUSE/DISTRIBUTION CENTER IN SOUTHWEST LAS VEGAS MARKET

LAS VEGAS – In what is once again a thriving southwest Las Vegas submarket, Majestic Realty Co. has broken ground on a 295,500-square-foot speculative warehouse distribution center at its Beltway Business Park located just south of the Southern Beltway at the intersection of Jones Boulevard and Badura Avenue. A missing piece of the Las Vegas commercial real estate market from 2008-2014, speculative industrial development has emerged once again in the past 24...

Amazon signs massive lease in Hillsboro, Oregon, looks to hire more than 1,000

An e-commerce giant is making a big splash in the Portland metro region. Seattle-based Amazon has leased 303,360-square-feet of industrial space in the Majestic Brookwood Business Park in Hillsboro. According to regional public relations manager Ashley Robinson, the new facility will be a sortation center, where Amazon employees sort customer packages by zip code for delivery. She said the company is currently hiring more than 1,000 permanent and holiday seasonal...

Ware else but Aurora? Majestic Commercenter anticipates demand for warehouse space

AURORA | With big names like Amazon gobbling up warehouse space in north Aurora, Majestic Realty Co. is betting big — more than 800,000-square-feet kind of big — on the city’s future as a distribution hub. The company is set to break ground this fall on three buildings totaling 835,000 square feet at the Majestic Commercenter near Interstate 70 and E-470. The project is speculative though, which means Majestic doesn’t yet have tenants for the buildings. Instead,...

MAJESTIC REALTY ANNOUNCES LARGEST, SINGLE-PHASE SPECULATIVE INDUSTRIAL DEVELOPMENT IN STATE’S HISTORY

AURORA, Colo. – Fueled by a continuation of favorable local and national market conditions, including historically low vacancy rates, as well as a pre-lease of a 452,400 square foot building to Amazon earlier this year, Majestic Realty Co. today announced plans to build what will be the largest, single-phase speculative industrial development in the state’s history, according to industry experts.  The developer will break ground at its Majestic Commercenter...