From the May Issue


Will This Year Beat Last Year’s Record Investment?

If the state maintains its momentum, that new watermark of $22 billion might be in jeopardy.

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Workforce Training Sets the Table for Continued Growth

It’s needed in a state that for the year ended last September added 81,700 jobs — the most in 20 years.

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Think Amazon’s pullback from fulfillment centers investment represents a moratorium on facility development? Think again. One piece of evidence is this massive “pre-first-mile” operation located across the street from the company’s first-mile fulfillment center that opened in Deltona in September 2020. An Amazon spokesman told the Daytona Beach News-Journal that the new facility is the first of its kind in Florida and will store product before it travels across the street to be picked, packed and shipped. The facility is the first of several to be constructed at the new I-4 Logistics Park.

Source: Conway Projects Report


The other side of Amazon — Amazon Web Services — continues to invest globally in its data center infrastructure and Cloud Regions even as it lays off thousands. AWS launched two new “AWS Local Zones” in Australia and Chile in January. The company plans to invest $9 billion over the next five years in Australia, with $7.5 billion in the Sydney region and the remainder going toward this data center infrastructure investment in Melbourne. The company now has 32 Local Zones globally, with plans to launch 20 more.

Source: Conway Projects Report





Cashing In On Collaboration

Colorado’s startup ecosystem gives life to budding fintech companies.

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More than 650 Chicago-area firefighters from 20 different units participated in high-rise fire training exercises over the last two weeks at the former Allstate campus in Glenview, Illinois.

Photo courtesy of Dermody

Got an office building or corporate campus you’re getting ready to demolish? Why not offer it to area first responders for training before the implosions begin? That’s what Dermody Properties has done with the former Allstate campus in the Chicago-area community of Glenview. In addition to other training sessions by area police and SWAT teams, more than 650 firefighters from 20 communities have trained in live fire conditions there over the past two weeks with the Illinois Fire Service Institute in order to practice in “real world conditions they would face in the first few minutes of a fire in a high-rise building.” The training was especially meaningful given the deaths of two Chicago firefighters in the line of duty earlier this month.

Dermody Properties Midwest Region Partner Neal Driscoll said first responder departments from the Village of Glenview “reached out to us shortly after acquiring the campus with interest in completing exercises before the buildings were demolished. This was a rare opportunity to train on a property of scale, since it includes a campus of varying low- and mid-rise office buildings … Our redevelopment of the office campus to modern industrial provided a window of opportunity for area first responders to train.”

Soon the 232-acre property will be the home of what Dermody calls The Logistics Campus, offering 3.2 million sq. ft. of buildings in various sizes, with the flexibility to accommodate build-to-suits, Dermody said.


Photo courtesy of Iberdrola

This photo comes from what was until very recently the largest solar installation in Europe, Iberdrola’s 500-MW Núñez de Balboa project in Usagre, Spain in the western Spanish region of Extremadura. (The €300 million, 590-MW Francisco Pizarro plant, also located in the region, just surpassed it.) According to published reports, a Spanish judge ruled last summer that Iberdrola must return half the land of the 1,000-hectare (2,470-acre) solar farm to the owner after having expropriated it for the project. Iberdrola is appealing the ruling and has reiterated that the operation continues to produce power and “there will be no dismantling.” The entire installation went into service in 2020 with 1,430,000 PV panels in place.

Iberdrola has reported that in Q1 of this year it exceeded 40,000 MW of installed renewables capacity, with PV solar capacity having risen by 40% due to new installations in Australia, Spain, the United States and Brazil. In Extremadura alone it now has 12 solar plants in operation producing 2,000 MW.