LEED Debuts in Mixed-Use
A large, undeveloped parcel of land along the U.S. and Mexico border (adjacent to the Zaragoza Port of Entry) will become home to a mixed-use campus featuring approximately 2.1 million sq. ft. of retail, commercial and distribution facilities that will open in phases. Developed by Scottsdale, Ariz.-based Five Star Development Group, the project is registered for Leadership in Energy and Environmental Design (LEED) certification, which if successfully certified will make it the largest LEED-certified mixed-use campus in the country.
Phase 1 will be an approximately 500,000-sq.-ft., high-efficiency (HE) cross-dock distribution facility with occupancy slated for second quarter 2008. Completion for all phases is expected to be two years.
Among the green building practices to be implemented in the project are HE fluorescent T-5 lighting with a motion sensor activation system, electric-generating roof solar components and electric-generating windmills. “Our end goal is to have our tenants’ operational costs lower than any other facility in the country while at the same time being able to offer features that exceed Class-A standards,” said Jerry Ayoub, president of Five Star Development.
Borders to offer free resolution workshops
ANN ARBOR, Mich. Borders said Thursday that it is offering customers free in store events throughout the month of January to help them kick start their new year’s resolutions and learn how to keep them through the year. Programs include wellness fairs, yoga classes and diet seminars.
Borders reported that local organizations and community groups will be featured in activities and events at its stores across the country ranging from fitness centers and hospitals to singles groups and retirement centers.
Schulze sells 440K shares of company stock
MINNEAPOLIS Best Buy chairman and founder Richard Schulze sold 440,000 shares of Best Buy stock last week valued at $22.4 million. Schulze sold the stock at prices ranging from $50.71 to $51.18 per share. Earlier this month, Schulze sold 2.35 million shares valued at more than $120 million.
While Schulze’s stock sales are considerable, they represent just a fraction of his holdings at Best Buy. He’s estimated to still hold more than 68 million shares of stock amassed during 41 years with the company.