NAIOP, the Commercial Real Estate Development Association, has selected Majestic Realty Co. as its prestigious 2015 Developer of the Year – the association’s highest honor. Headquartered in Southern California, and with regional offices throughout the United States, Majestic is the largest, privately-held industrial developer in the United States and is widely-recognized as a long-term powerhouse in the development community and beyond. Majestic completed nine new...
Two more nationwide, retail stores are opening in Mountain Grove at Citrus Plaza in the coming week, according to Thomas Cozzolino, vice president of development and acquisition for Majestic Realty, developer of the new, outdoor shopping plaza in Redlands. And soon, a gaggle of popular restaurants may be in the mix, among them: The Habit Burger Grill, Bahama Buck’s Original Shaved Ice Company and MOD Pizza. Lane Bryant’s grand opening event is Friday through...
Topgolf, a national chain of golf entertainment complexes that mix driving ranges with bars and restaurants, announced on Thursday that construction of its Hillsboro location – its first in the Pacific Northwest – will begin early next week. The 65,000-square-foot facility will include a technologically enhanced driving range, indoor games, a bar, a restaurant, more than 230 TV screens and space for corporate events. It is scheduled to open next spring. Topgolf is...
Local transportation officials are lobbying Congress to approve long-term funding to fix the region’s deteriorating transportation infrastructure and to provide funding for a dedicated freight infrastructure program. With the current transportation funding law expiring at the end of the month, local officials are warning against another short-term extension of current funding that they say would not provide for what is needed in the long term. At a recent...
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...
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...
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