Industrial
SoCal Logistics Project Kicks Off Goodman’s $1.4B Development Pipeline
Through its wholly owned North American subsidiary, Australian industrial property powerhouse the Goodman Group has launched a $1.4 billion, 15 million-square-foot U.S. development pipeline by breaking ground on a $150 million logistics center in Rancho Cucamonga, Calif.
Transwestern Development Grabs Land for 1.2 MSF Industrial Project in Katy, Texas
Transwestern Development Co. has bought a 74-acre site in West Ten Business Park on Interstate 10 at Cane Island Parkway in Katy, Texas, for an undisclosed amount.
Hudson News Distributors Sells 475 KSF HQ in North Bergen, NJ
Print media giant Hudson News Distributors has sold its long-time 23-acre headquarters in North Bergen, N.J., to Bergen Logistics, and leased a new space in Parsippany, N.J.
Michelin Inks 1.7 MSF Lease at RidgePort Logistics Center in Chicago Area
Tire-manufacturing giant Michelin has entered into a build-to-suit agreement under which it will lease 1.7 million square feet of distribution space at the RidgePort Logistics Center in Wilmington, Ill.
MIPIM Special Series — Part Two: Bringing Logistics Back into the City Through Mixed-Use Developments
Associate editor Adriana Pop presents a three-part series of reports on worldwide real estate based on presentations at the MIPIM world property market in March. The first report focused on Shared Buildings and Spaces. The third will address the Emergence of New Retail Models in Urban Environments. Should logistics be permitted in the heart of urban areas? That question was addressed during the “Functional Diversity” session at the MIPIM Innovation Forum in March. The topic arose from a successful shared space project—a mixed-use property incorporating logistical space—highlighted in the newly released second issue of the Real Estate and Sustainable Development…
International: Prologis to Develop 3 New Logistics Facilities in Japan
Leading owner, operator and developer of industrial real estate Prologis is set to build three new inventory logistics facilities in the Tokyo area.
Industrial-Strength Leasing
Perhaps more than in any other asset category, a widespread lack of choice is limiting the ability of industrial occupants to relocate, rather than renew. A look at industrial tenant renewal decisions.
Economy Watch: Underwater Mortgages Drop, Non-Manufacturing Sector Expands
Black Knight released its Mortgage Monitor report for March yesterday, reporting a decrease in delinquent U.S. residential mortgages over the previous month. And economic activity in the non-manufacturing sector was up again in April, according to the Institute for Supply Management.
Curtis Spencer: Is E-Commerce Right for You?
Curtis Spencer, president of IMS Worldwide Inc., offers insights on the fast-growing e-commerce distribution phenomenon with CPE editorial director Suzann Silverman during NAIOP’s inaugural E.CON conference.
Economy Watch: Job Creation Spikes in April; Manufacturing, Construction Gain
The economy added 288,000 jobs in April, and manufacturing expanded for the 11th consecutive month.