Property Types Industrial
Schafer Development Buys Jacksonville Raceway, Plans to Construct Industrial Business Park
July 1, 2008

Schafer Development closed on the former Jacksonville raceway, located at the intersection of I-95 and Pecan Park Road, with plans for a 1.5 million-square-foot Industrial Business Park. Operating as Gator Speedway, New Jacksonville Speedway and JAX Dragstrip, the property had most recently been owned in partnership by Lennar Homes and GMAC. The parcel had originally been earmarked for residential development but was stalled by the nation's difficult housing market.

 
Recent Industrial Headlines
Suburban Boston Industrial Property Snapped Up for $39M
Aug. 29, 2008
Cabot Properties has just become the new owner of I-290 Industrial Park, having shelled out $39 million for the 577,000-square-foot property in Northborough, Mass.
SoCal Lender Kicks Off Another $100M Mortgage Pool Fund
Aug. 28, 2008
Los Angeles-based Wilshire Finance Partners has introduced Wilshire Income Fund II, its second real estate mortgage pool fund. The fund will raise $100 million to make commercial property loans. This time around, however, the company will be able to welcome investors and borrowers from beyond the borders of the State of California.
Adler Takes Naples Industrial Portfolio for $31M
Aug. 26, 2008
The Adler Group has acquired a 252,400-square-foot industrial portfolio in Naples, Fla., from Lund Capital Group for $31 million. The two-building portfolio is located near Naples Municipal Airport and is 96 percent occupied.
A&B Sells Austin-Area Retail Center, Eyes Savannah Industrial Market
Aug. 26, 2008
A&B Properties Inc. has sold Boardwalk Shopping Center--a 184,600-square-foot retail center on 21 acres in the Austin submarket of Round Rock, Texas--with intent to reinvest the proceeds in another the burgeoning Savannah, Georgia, industrial market.
Cargo Containers to Help Data Centers Go Green
Aug. 25, 2008
Microsoft’s newest generation of data centers, including one that was announced last week for West Des Moines, Iowa, could represent a turning point in green data center design, according to a data center industry expert.
 

 

Westfield Nabs Interest in U.K. Retail Owner
August 29, 2008
By: Tonie Auer, Southwest Correspondent --Less than a week after Simon Property Group acquired a 3.14 percent stake in U.K. retail property firm Liberty International, Australia-based Westfield Group has stepped up to take a 2.96 percent interest in Liberty. Liberty...

L.A. Live Conference Center Topped Out
August 29, 2008
By: Judy Feldman, Contributing Correspondent --Schuff Steel Co. has topped out the new conference center that is part of the L.A. Live development in Los Angeles. The 27-acre development (pictured) began with the construction of the Staples Center where the...

Catskills Hotel Project Gets $525M in Redevelopment Funding
August 29, 2008
By: Scott Baltic, Contributing Editor --Redevelopment of the site that was once home to the Borscht Belt's legendary Concord Hotel, in Kiamesha Lake, N.Y., has taken two major steps forward. In one, Concord Associates L.P., joint venture partner of Empire...

First Publicly Accessible Space in World's Tallest Tower Opens
August 29, 2008
By: Amanda Marsh, Associate Editor --The Olympics may be over in China, but the exciting events haven't stopped there. The highest publicly accessible built space (pictured), part of the tallest building in the world - the 101-floor, 1,614-foot Shanghai World...

Equity Residential Gets $550M Loan
August 28, 2008
By Barbra Murray, Contributing Editor -- Chicago-based Equity Residential Inc. has closed on $550 million in financing, putting up 15 of its multi-family properties as collateral. Originated by Wells Fargo for repurchase by Fannie Mae, the secured interest only loan...

It's All In The Message
August 29, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Top CEOs understand the power, influence, and leverage created by great messaging. Do you ever find yourself sitting back and marveling at those chief executives who always seem to have the right thing...

Do You Have A Bad Attitude?
August 22, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Show me a CEO with a bad attitude and I'll show you a poor leader. While this sounds simple enough at face value, I have consistently found that one of the most often...

Is Family Business a Good Idea?
August 15, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Oh what a conundrum! Family business: Should I, or shouldn't I? In my opinion there really isn't a right or wrong answer to this question. It is simply a matter of personal preference....

What to Do When Marketing Goes Wild
August 08, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Have your company's marketing initiatives wandered astray? Is the proverbial tail starting to wag the dog with respect to your current marketing campaigns? How do you know when marketing is out of control?...

Six Mistakes Real Leaders Avoid
August 01, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --I recently had a reader ask: "Is there a simple test that can be used to quickly determine an executive's leadership ability?" The short answer is yes. There are, in fact, a great...