Atlanta-based Stonemont Financial Group buys 1.09 million-square-foot West Jefferson industrial facility
Atlanta-based Stonemont Financial Group bought a 1,090,000-square-foot speculative industrial facility in West Jefferson.
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Intel ripple effects, transformative tax credits, a new downtown park and more in our real estate roundup
The ripple effects of the Intel announcement keep on coming, as evidenced by the announcement of developers creating a Silicon Heartland Innovation Park. Read more on that project and the other real estate news you might have missed:
The largest investor in Wendy’s Co. is considering an acquisition or a merger. Trian Fund Management LP and affiliate investors, which own 19.4% of the Dublin-based company, Tuesday disclosed in a Securities & Exchange Commission filing that they are looking for a deal to “enhance shareholder value." Such a deal could include an acquisition or merger. The firm said it has retained advisers to help explore options.
Can it be pink eye if the eye doesn't ever turn pink?. These questions and more in The Last Word, but first, the business news you need to know:. 1) All about that data: Data centers continue to be big business in Central Ohio. Two out-of-state real estate investment firms are developing an approximately $400 million data center campus and industrial park in New Albany. No end user has been confirmed yet for the data center, but whoever it is will be joining tech giants Amazon, Facebook and Google, all of whom have such centers in the region. Plus they'll be neighbors with another forthcoming high-tech corporate citizen: Intel Corp.'s $20 billion semiconductor fabrication complex.
The Columbus area is home to four companies on the Fortune 500 this year, including two companies that used to be combined sister brands.
Though the Covid-19 pandemic has caused much upheaval in the retail world, Tanger Outlets Columbus largely was unscathed.
Healthcare Heroes: Melissa Madden of Central Ohio Primary Care is energized by making things work better for patients
Melissa Madden is a problem-solver by nature, training and experience, and that background became very useful when her employer, Central Ohio Primary Care, had to figure out how to serve its patients during the Covid-19 pandemic.
The wave of tech job cuts that so far missed Columbus has arrived, as a global buy-now-pay-later fintech company is terminating 10% of its workforce. Klarna, the Swedish unicorn with its U.S. headquarters in the Short North, cut about 700 jobs starting Monday, citing the global economic slowdown and Russia's war in Ukraine.
Two out-of-state real estate investment firms are developing an approximately $400 million data center campus and industrial park in New Albany. Dallas-based Lincoln Property Company and Chicago-based Harrison Street acquired 190 acres of land on the northeast corner of Beech and Jug Street roads for a speculative industrial park and data center campus, called Silicon Heartland Innovation Park, that can accommodate cloud providers, retail colocation operators and large enterprise customers, Michael Hochanadel, managing director and head of digital real estate at Harrison Street, told Columbus Business First.
The Columbus Regional Airport Authority is seeking bids for the first phase of construction to relocate a 4,500-foot taxiway to enable construction of a new passenger terminal and ensure safer aircraft movement to and from the facility.
Good morning, Columbus and happy Tuesday. That long weekend is so close, isn't it?. 1) One less Kroger: Kroger Co. has closed one of its Columbus stores. The Columbus division of the Cincinnati-based grocery chain on May 20 shut down its market and fuel center at 4485 Refugee Road on the city’s east side. But the company is in talks with Mid-Ohio Food Collective to repurpose the site.
This week's The Playbook Edition looks at the bleak outlook for more Covid-19 small-business funding, why return-to-office plans are stumbling and the challenges women are facing in the Covid-19 labor market.
If it gets the necessary approvals, construction on the three-block long park walk is scheduled to start this fall, Karen McCoy of architect MKSK told Columbus Business First.
Columbus College of Art & Design is revitalizing its “front door” on Broad Street with a new workforce development center that will greatly expand training for existing professionals as well as students.
The end of the SBA's last big Covid-19 small business relief program was an abrupt end to some business owners' long quests for a loan.
A local franchisee is ready to serve up a trio of new Popeyes Louisiana Kitchen locations here in Central Ohio. Cincinnati-based Gilligan Co. is opening three new Popeyes in the area at the following locations:. 7072 Sawmill Road, the site of a former Burger King near Dublin. Owenfield Drive and...
Battelle spinout AmplifyBio plans to open a $150 million research center in New Albany and create 263 jobs in Central Ohio.
Half a dozen Central Ohio projects were awarded 2022 Ohio Housing Finance Agency tax credits.