Industrial
Transwestern Enters into JV, Plans Expansion into Mexico
Transwestern Development Co. is expanding its industrial development platform in the United States and Mexico through a joint venture with Chicago-based Ridge Property Trust.
Dermody Properties Breaks Ground on 624 KSF Facility in Northern Nevada
National industrial development firm Dermody Properties broke ground on a 624,000-square-foot warehouse and distribution building in its new LogistiCenter 395 industrial park in Reno.
USAA Buys 916 KSF Industrial Portfolio in California’s Central Valley
USAA Real Estate Co. has acquired two Class A modern bulk warehouse distribution properties totaling 916,035 square feet in Stockton, Calif., in a bankruptcy process.
GREG VIECELI: Net Lease Market from Lender’s Viewpoint
Greg Vieceli, executive vice president of EverBank.com, describes the circumstances under which EverBank.com will finance net lease properties in secondary and tertiary markets.
Chilean Developer Builds First U.S. Project: 185 KSF M-U Facility in Miami
Chilean company Red Megacentro is tapping into the U.S. market with its very first American redevelopment project, a 185,000-square-foot mixed-use facility in Miami.
Prologis Signs 2 Build-To-Suit Agreements in Europe
Prologis has signed two new agreements for build-to-suit projects totaling 244,000 square feet in the U.K. and Poland.
Amazon to Open 4th 1 MSF Fulfillment Center in Kent, Wash.
Amazon.com will open its fourth fulfillment center in the state with the development of a 1 million-square-foot facility in Kent, Wash.
Tesla Eyes 4 States for $5B Battery Factory
Four Southwest states – Texas, Arizona, New Mexico and Nevada – are in the running to be the home of Tesla Motors’ $5 billion “Gigafactory” that would mass produce lithium-ion batteries for electric cars and create 6,500 jobs.
David Durning: Prudential’s Construction Financing Strategy
David Durning, president & CEO of Prudential Mortgage Capital Co., describes the insurance company’s commercial property construction loan program.
Gallery: Adaptive Reuse
Developers are infusing new energy into adaptive reuse. This slideshow depicts examples of distinctive projects from around the country.