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
PG&E Builds New Headquarters in Rockville
Pacific Gas & Electric (PG&E) plans to build a new two-building headquarters at Rockville's Tower Oaks development for PG&E's National Energy Group, currently based in Bethesda, Md. PG&E will consolidate operations from Houston and Portland, Ore., at the new 480,000-sf headquarters which will accommodate up to 1,000 employees. The Tower Oaks is owned for the most part by The Tower Co's of North Bethesda, Md.
Star Media Network Builds New Headquarters
Star Media Network will consolidate three offices in late fall 2000 when the company occupies its new 136,000-sf headquarters in New York City. Site selection, interior design, and construction administration services have been provided by The Hillier Group's New York office. The new facility is a triangular-shaped, two-story loft space.
Infomart Builds Telecom Hotel
Infomart LLC of Dallas, in partnership with Nexcomm Capital Partners of Southport, Conn., will transform a 400,000-sf former cold-storage warehouse in Watertown into a telecom hotel for high-tech firms. The building provides a number of features required for telecommunications equipment: heavy floor capacity, high ceilings, proximity to fiber-optic networks. Renovations totaling $20 million are scheduled to start in August 2000 and be completed by late fall 2000.
Nortel Networks Builds in Silicon Valley
Nortel Networks broke ground in September on its new $200 million Silicon Valley campus. The new facility will consolidate employees currently housed at more than a dozen Bay Area locations. Completion is anticipated in late 2001 or early 2002.
New Telecom Facility for Oakland
Oakland Telecommunications Access Center is a $30 million, 113,500-sf telecom facility under development at Oakland's Jack London Square. The state-of-the-art, four-story structure is being constructed by Mortenson Development Co. and will be the first of its kind built to telecom standard levels. Completion is scheduled for May 2001.