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
Coaster Co. Leases Newark Facility
Santa Fe Springs-based furniture distributor Coaster Co. of America has signed a $6-million lease contract for 269,000-sf of warehouse space in Newark. Coaster, needing additional distribution and dock space as well as proximity to the Port of Oakland, will vacate its 125,000-sf San Leandro, Calif., facility by year-end.
Emory University's Whitehead Biomedical Research Building Achieves Silver LEED Certification
Emory University's $82.7-million Whitehead Biomedical Research Building has earned a Silver certification according to the LEED building rating system as established by the U.S. Green Building Council. Designed by the Atlanta office of Hellmuth, Obata + Kassabaum (HOK), the 325,000-sf, eight-story building opened in November 2001 and is the first building in the Southeast U.S. to achieve LEED certification, and one of only 24 LEED-certified facilities in the nation.
The Memec Group Expands with San Diego Relocation
The Memec Group of San Diego will relocate in March 2003 from 70,000- f in two Sorrento Mesa buildings to a five-story, 115,000-sf facility under construction in Del Mar Heights. The global semiconductor distributor will initially occupy 92,000-sf with an option to lease the remaining 23,000-sf within one to two years.
American Airlines Constructs New JFK Terminal
American Airlines is in involved in a $1.3-billion redevelopment of its John F. Kennedy International Airport terminal. Featuring three concourses on three levels with 55 gates and a passenger check-in the size of a football stadium, the facility will be JFK's largest terminal upon completion. The new building will include a new international arrivals facility that will be able to process up to 2,400 people an hour. The terminal will be able to accommodate up to 14 million passengers annually when the project is completed in September 2006.
San Diego Padres Develop Mixed-Use Project
JMI Realty and the San Diego Padres are developing East Village Square, a 2½ block mixed-use office, retail and residential redevelopment project in downtown San Diego next to the new baseball park. The developer of the potentially 200,000-sf office component is Cisterra Partners of San Diego. Ground floor retail space will be accompanied by 200 or more condominiums. The project is currently in the conceptual planning phase.