Urban Logistics Realty has broken ground on the 918,213-square-foot, two-building industrial park Alcott Logistics Station at the Southwest corner of E. Scyene Road and Faithon P. Lucas Sr. Boulevard in Mesquite.

Building D will total 592,995 square feet and Building B will total 325,218 square feet. Jason Nunley, Adam Herrin, and Drew Feagin with Urban Logistics Realty will head project development. Kacy Jones, John Hendricks, and Trevor Atkins with CBRE will handle leasing and marketing.

Once completed, the industrial park will accommodate 1,625 workers. Alcott Logistics Station is the second project to be completed by Urban Logistics in Mesquite. In early 2021, the company delivered Urban District 30, a 977,013-square-foot industrial park.

“We couldn’t be more excited to kickstart Alcott Logistics Station in Mesquite,” said Jason Nunley, co-owner and managing partner at Urban Logistics Realty. “With the success of our Urban District 30 development, it made total sense to partner with the City of Mesquite to activate this site in such a dynamic location.

“The naming of the project pays homage to A.R. Alcott, who filed the first plat in the township of Mesquite in 1873, and we thought a great symbol of the growth that continues to occur. The city has been a delight to work with and we are confident it will be a big win for everyone.” Click to read more at www.

The Dallas office market isn’t just showing renewed signs of life in a post-COVID world, it’s blossoming.

“Leasing activity is picking up from the lull in 2020 and is almost 90 percent of the way back to pre-COVID levels, and more than 40 leases larger than 50,000 square feet have been signed since March 2020,” shares Kari Beets, Senior Research Manager at JLL. “Sublease space increased in Q3 2020, but has remained fairly stable since.”

She says development is picking up as well, with several spec projects scheduled to break ground with little or no pre-leasing. Though vacancy for Dallas overall is 4.1 percent higher than in Q1 2020, vacancy in Class A product built after 2010 is only up 1.6 percent.

“The ‘flight to quality’ is a trend that has been ongoing for the past few years and continues to have a large impact on the Dallas office market,” Beets says. “New Class AA space has seen significant activity and absorption, while older product stays stagnant.”

Josh White, Executive Vice President with CBRE’s Advisory and Transaction Services group in Dallas, adds that the companies that are confident in committing to an office lease are doing so because they believe that culture is the life force of their business and that a vibrant, amenity-rich office solution is a key component to building and maintaining a strong culture. Click to read more at www.rednews.com.

Nationally, the construction industry has recovered more quickly than other industries, with employment nearing pre-pandemic levels and increasing new construction starts. But the continuing labor shortage is hamstringing the construction industry’s growth, requiring general contractors to be shrewd and proactive to successfully navigate today’s tight job market.

Construction-related businesses need to hire 740,000 new workers annually for the next three years to keep up with demand, according to several industry organizations. The number of open construction sector jobs currently averages between 300,000 and 400,000 each month.

The construction labor shortage will undoubtedly impact every organization that wants to build a new facility or improve an existing one. With that in mind, executives planning construction projects over the next three years should carefully vet their general contractor to make sure it has the necessary partners and relationships to staff their jobs.

Nearly five million people have quit their jobs over the past 18 months. This phenomenon, dubbed “The Great Resignation,” has left millions of jobs vacant across the nation. Click to read more at www.prnewswire.com.

Nationally, the construction industry has recovered more quickly than other industries, with employment nearing pre-pandemic levels and increasing new construction starts. But the continuing labor shortage is hamstringing the construction industry’s growth, requiring general contractors to be shrewd and proactive to successfully navigate today’s tight job market.

Construction-related businesses need to hire 740,000 new workers annually for the next three years to keep up with demand, according to several industry organizations. The number of open construction sector jobs currently averages between 300,000 and 400,000 each month.

The construction labor shortage will undoubtedly impact every organization that wants to build a new facility or improve an existing one. With that in mind, executives planning construction projects over the next three years should carefully vet their general contractor to make sure it has the necessary partners and relationships to staff their jobs.

Nearly five million people have quit their jobs over the past 18 months. This phenomenon, dubbed “The Great Resignation,” has left millions of jobs vacant across the nation. Click to read more at www.dmagazine.com.