Industrial
Industrial Rebound Could Absorb 200 Million SF in 2011
Surging global trade and consumer demand are driving demand, said Colliers chief economist Ross Moore.
New Owner for 1.1-MSF Distribution Center
A bevy of investors was hoping to acquire the fully leased property at the Rockefeller Group Foreign Trade Zone/Charleston in Charleston, S.C., but USAA Real Estate Co.’s U.S. Industrial REIT III emerged victorious.
ProLogis Inks Lease on 221,000-SF Facility
Data center technologies provider i/o Data Centers will occupy the entire Phoenix space, which was developed in 1994.
Equity Becomes Leader in Brazil Self-Storage Market with $58M Investment
Investing in GuardeAqui, the top self-storage company in the country, made the firm an overnight market leader.
Americana Inks Lease
The imprintable sportswear distributor, which took 240,000 square feet in Santa Fe Springs, Calif., is planning a major expansion to accommodate its growing West Coast customer base.
ProLogis, AMB Downgraded After Merger Announcement
Fitch Ratings placed ProLogis on Rating Watch Positive, while AMB Property Corp. was placed on Rating Watch Negative. RBC Capital Markets also downgraded ProLogis from “outperform” to sector perform”.
ProLogis, AMB Merger Official
The two industrial powerhouses have agreed to join forces in a merger that is expected to have a pro forma equity market capitalization of $14 billion, a total market capitalization in excess of $24 billion and gross assets owned and managed of $46 billion. The transaction is slated to close in the second quarter of this year.
ProLogis, AMB in Merger Talks
The two firms are considering a potential teaming of equals in which the two firms would combine in an all-stock, at-market transaction.
Angelo, Gordon Takes Suburban Cincinnati Industrial Asset
Stan Johnson Co. arranged the sale of the 335,700-square-foot property for Cincinnati United Contractors, which developed the property in 2001.
Chicago Property Gets $200M Makeover
Now that Server Farm Realty Inc. has officially taken over ownership of 840 S. Canal St. in Chicago from Northern Trust Corp., the two-month-old company is preparing to transform the 443,400-square-foot property into a state-of-the-art data center.