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First Solar Acquires Mesa Proving Grounds Land
The 135 acres will be used for the first phase of the firm’s next solar module fabrication plant and future expansion.
AMB Invests $1B in China Through New JV
The global industrial real estate developer and operator has established AMB China Logistics Venture I with HIP China Logistics Investments Ltd. to invest in logistics properties in prime locations.
Miami Marks Major Industrial Lease
Betty Dain Creations has signed on for 130,000 square feet of space for its new headquarters at the mixed-use Flagler Station Business Park, the largest new industrial lease in the city this year.
Economy Watch: Good Economic Indicators Seen, Consumer Price Index Rises, G7 Takes Action
Toward the end of an uncertain week, the U.S. economy scored some good news. For one thing, unemployment claims for the week ended March 12 dropped 16,000 to 385,000, and the four-week average of claims declined to its lowest level since July 2008.
Rolls-Royce Signs 404,000-SF Lease
The aircraft engine-maker’s commitment will allow it to combine 2,500 staff members, currently working at six different area locations, under one state-of-the-art roof in Indianapolis’s central business district.
Preparation Led to Minimal U.S. CRE Quake Damage
Business sector financial data and analysis provider SNL Financial–which covers 41 real estate companies that have exposure in five coastal prefectures–found that the damage to properties owned by the entities it analyzes has been nominal to this point.
Economy Watch: World Economy Vexed, Fed Steadfast on QE2, Americans Pessimistic on Retirement
The world economy continued to be vexed by the disaster in Japan. On the same day as another explosion was reported at the Fukushima Daiichi nuclear power plant, the Nikkei 225 dropped nearly 11 percent, the third largest contraction ever for that index.
APF Properties, Prudential to Buy 28 W. 44th St. for $161M
While the property is not one of those premier office destinations with steady, long-term flow so deeply coveted by many an investor these days, it still brought out its share of eager buyers.
Industrial Venture Holds Capacity for 4 MSF
With the creation of two new development partnerships accounting for a combined 277 acres in metropolitan Tampa Bay, Fla., Brennan Investment Group L.L.C. is positioning itself to become the go-to firm for build-to-suit industrial properties in the area.
Economy Watch: Quake, Inflation, Fannie
The impact of the earthquake, tsunami and nuclear incident in Japan unfolded across the Japanese and world economies over the weekend as certainly as the shocking physical disaster had unfolded across the eastern coast of Honshu, the nation’s main island.