Investor Watch: June 2, 2025

China’s BYD shifts its European HQ to Budapest. A major molded glass plant is modernized in Germany. Rheinmetall will make guns in the UK..

ARIZONA

“Innovation is thriving across the East Valley. Plus a closer look at how a new state law passed in April kept Axon’s planned world headquarters in Scottsdale.”

UNITED KINGDOM

Blackstone and AWS were among those announcing major investments at the UK government’s recent International Investment Summit.

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Colliers International is now marketing space at this former Tervis headquarters property along I-75 in Venice, Florida.
Archival photo courtesy of Tervis

Tervis, maker of the eponymous tumbler, has relocated from its HQ site in Venice in Florida’s Sarasota County back to its original manufacturing site in Osprey. The company emerged from Chapter 11 bankruptcy earlier this year. Ron Starner’s September 2021 Investment Profile featured an interview with then-CEO Rogan Donelly (now executive chairman) about the company’s Detroit roots and growth in Florida.

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South Lake Union in Seattle is the jewel in Vulcan Real Estate’s crown.
Archival photo courtesy of Vulcan

NAIOP, the Commercial Real Estate Development Association, last week selected Seattle-based Vulcan Real Estate as its 2025 Developer of the Year – the association’s highest honor. The award will be presented during NAIOP’s CRE.Converge conference in Toronto this September. It’s the second time Vulcan has been honored with the award.

“This recognition reflects the passion and dedication of our team, who bring a deep sense of purpose to every project we undertake,” said Vulcan Chief Real Estate Officer Ada Healey. “Since day one, we’ve believed that real estate can be a catalyst for positive change, driving economic opportunity, creative, inclusive spaces, and advancing environmental stewardship. We’re proud of the role we’ve played in helping shape the future of the Pacific Northwest and grateful to NAIOP for celebrating our commitment to building places where innovation and community thrive.”

Vulcan continues to pursue a wide array of projects in the region, but is best known for its redevelopment of South Lake Union, directly investing $4 billion into the area’s transformation from industrial district to mixed-use icon. Amazon’s decision in 2007 to move its HQ there was hailed by Site Selection as a Top Deal of the Year.

Photos by Ismael Quintanilla III and Charles Reagan courtesy of Lollapalooza

Summertime means music festivals. And there’s no better place for everything from neighborhood blues festivals to multi-day mega-events than Chicago. The photo above was made by Ismael Quintanilla III during Sexyy Red’s performance at Lollapalooza 2024. The photo below was made by Charles Reagan during Chappell Roan’s set.

In addition to a direct rent payment of $9.8 million to the Chicago Park District, Lollapalooza 2024 is estimated to have generated $7.18 million in amusement tax revenue and more than $440 million for Chicago’s economy. This year’s festival takes place July 31 through August 3.