Tradeline, Inc. filters and categorizes new-construction and industry news from regional and professional journals across the country. Here you will find new projects, products, and regulatory updates.
Industry News
Intel Converts Arizona Plant
Intel Corp. will invest $2 billion to convert its Chandler, Ariz., manufacturing plant to the production of 300-millimeter silicon wafers. The conversion project is slated to begin in 2004 and reach completion in 2005. The plant will be Intel's fifth 300mm plant. Intel, based in Santa Clara, Calif., employs 9,000 workers in Arizona.
CB Richard Ellis To Acquire Insignia Financial Group
CB Richard Ellis will acquire Insignia Financial Group in a $415-million transaction, creating the largest real estate services company in the world. With $1.8-billion in revenue and over 16,000 employees, the service company will have a broader gauge and provide global service at a more efficient price. CB Richard Ellis is based in Los Angeles.
Children's Medical Center of Dallas Completes Parking Structure
Children's Medical Center of Dallas has completed a $17.8-million, 2,500-car parking structure adjacent to its Children's Pavilion. Constructed by McCarthy, the 805,000-sf design/build precast concrete parking structure is part of a long-term growth initiative to increase services and capacity at the hospital's main location.
Southwest Winners Foundation Breaks Ground on Preparatory School
Southwest Winners Foundation broke ground in early February on Southwest Preparatory School, the charter school's latest high school campus. Located on 3.5 acres, the two-story, 19,000-sf facility is expected to open in September 2003. The facility will also house administrative offices and the Virtual School, which allows students to gain high school credit via course work offered on the school's website.
RIDC Renovates Pittsburgh Facility for Robotics
The Regional Industrial Development Corp. of Southwestern Pennsylvania will renovate an 80,000-sf facility in Pittsburgh to for potential robotics tenants. Located in the state-designated Lawrenceville enterprise zone, the facility is sited at One Chocolate Square with desirable proximity to the Carnegie Mellon University Robotics Institute cluster. The two-story facility will house up to 11 tenants and create up to 100 jobs.