‘Commercial News’

Herman Walldorf & Co., Inc. Establishes Separate Corporation

Friday, April 1st, 2011

Herman Walldorf & Co., Inc., Chattanooga’s oldest family name in the real estate business dating back to 1926, announces that its two divisions–residential and commercial–have become separate corporations.  The newly formed Herman Walldorf Commercial, Inc. will offer exclusively commercial real estate services while Herman Walldorf & Co., Inc. will offer exclusively residential services.

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Amazon Deal Finalized

Tuesday, January 4th, 2011

The world’s biggest Internet retailer is ready to set up shop in Hamilton and Bradley counties.

With plans to hire several thousand people and inject at least $64 million in annual payroll into the area, Amazon.com on Monday officially agreed to build two huge distribution centers in Southeast Tennessee.

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Whirlpool Announces $120 Million Expansion

Thursday, September 2nd, 2010

CLEVELAND, TN:  Whirlpool employee Cheryl Johnston said the company’s biggest-ever plant project will give her something few workers have these days–job security.  “It’s going to keep us all working,” she said after Whirlpool unveiled plans to build a $120 million plant in Bradley County.

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City Top Pick for Growth

Monday, August 16th, 2010

Chattanooga is ranked No. 1 in the country for metro economic growth potential by a national business magazine, outpacing such go-go cities as Charlotte and San Antonio.

Citing the auto and poly crystalline silicon industries the region has attracted by landing Volkswagen and Wacker Chemical, Business Facilities magazine made the area its top pick.

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Herman Walldorf & Co., Inc. Sells Tract for Luxury Apartments

Monday, August 2nd, 2010

City Green at Northshore Announced

282 Luxury Apartments Near Downtown

In July, 2010, the sale was closed for the 26-acre tract of ground located off US-27 and bounded by Signal Mountain Boulevard and Dayton Boulevard.  The purchase price was $990,068.  The sale was brokered by Rudy Walldorf, CCIM, of Herman Walldorf & Co., Inc. who commented, “I can remember walking this parcel with Bob Corker (now Senator Corker) around 30 years ago.”

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Alstom brings jobs, energy as it powers up for nation’s nuclear resurgence

Monday, June 21st, 2010

With completion of a new “flagship” Chattanooga factory, Alstom executives say they’re ready to make the world’s largest steam and gas turbines for power plants as the company prepares for America’s nuclear revival.

“This is the latest and biggest,” Stephen Cai, managing director of the turbine facility, said of the sprawling 350,000 square foot factory built on the Tennessee River near downtown.  “This is the flagship.”

Already the $300 million plant on Riverfront Parkway has a two-year backlog of business retrofitting power plant components, Mr. Cai said.

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Another 230 Jobs Announced

Friday, June 26th, 2009

Gestamp Corp. to build $90M Plant.  VW Supplier to build Enterprise South Plant.

Gestamp Corp., which unveiled plans to build a $90 million plant and employ at least 230 people within three years at the Tyner site, is paying for the land, unlike Volkswagen.

Mayor Ron Littlefield said Gestamp, which will supply structural components for the new midsized sedan VW plans to build at its nearby plant, is paying about $35,000 an acre for a 49.7-acre tract, or about $1.74 million.

Gestamp’s new facility will go up near the intersection of Hickory Valley Road and Discovery Drive, close to the Hamilton County Schools offices and VW’s $1billion plant.

Trevor Hamilton, vice president of economic development for the Chattanooga Area Chamber of Commerce, said Gestamp is the first of the tier one suppliers to come to the area.  Tier one companies typically need to be close to an auto assembly plant because of the key parts they produce.

Mr. Hamilton said Chattanooga continues to land companies and jobs despite the challenging economic environment.  With Gestamp, Volkswagen, Chattem, Alstom, Arch Plastics, and Dixie Industries, more than 2,800 jobs have been recruited in the region, he said.

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Wacker Chemical Finds a New Home

Thursday, June 25th, 2009

The announcement Thursday that Wacker Chemical Corp. will build a $1 billion plant near the Hiwassee Industrial Park in Charleston in northern Bradley County is wonderful news for the county, the region, and the state.  It is the third $1 billion industrial investment announced in Tennessee in the past eight months and the second by a German firm in Southeast Tennessee in the same period.

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IVC US, Inc. will invest $70 million, create jobs in Dalton

Tuesday, June 23rd, 2009

IVCS US, Inc. US operations of the Belguim-based IVC Group, has chosen Dalton for its first US-based manufacturing operation with plans to begin production in 2011 on the longest vinyl line in the world.  The firm will invest some $70 million to construct a new 520,000 square foot facility that will produce 5,000 sheet miles of vinyl floor coverings each year.  The company will also create 115 new jobs.

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SIAG Schaaf Acquires Aerisyn, Adds 120 New Jobs

Monday, June 22nd, 2009

Tennessee and Chattanooga officials applauded the announcement by Rudiger Schaff,CEO of German-based SIAG Schaaf Industrie Aktiengesellschaft, that his company has acquired Aerisyn, a manufacturer of wind turbine towers which is located in Chattanooga.  In addition to acquiring the Aerisyn facility, SIAG Schaaf is investing $3 million and plans to create 120 new jobs.

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