Property Types Industrial
JV Closes Purchase of San Fran Business Park
July 18, 2008

A joint venture between Shorenstein Properties L.L.C. and SKS Investments completed the acquisition of Oyster Point Business Park and Oyster Cove Marina, a six-building flex/industrial property in South San Francisco, Calif. The seller, Shelton Corp. was represented by NAI BT Commercial Investment Services Group.  Terms of the transaction were not disclosed. The business park is 88 percent leased and consists of six single story buildings totaling 404,215 square feet.  Built between 1982 and 1984, the 34.34-acre property sits on Oyster Point Boulevard and is one mile east of Highway 101 and 1.5 miles north of San Francisco International Airport.  Additionally, an adjacent ferry terminal is under construction and service is expected to begin by late 2009. Shorenstein Properties made the purchase on behalf of its ninth investment fund, Shorenstein Realty Investors Nine L.P.

 
Recent Industrial Headlines
Auto Parts Concern Claims 70,000SF at 775,000-SF Industrial Park in Suburban Philly
Sept. 05, 2008
The Tri-County Commerce Park in Pottstown, about 40 miles northwest of Philadelphia, will welcome a new tenant now that CJ's Tire and Automotive Services has inked a multi-year lease for 70,000 square feet at the property.
Chemical Company Stays Put at Suburban Phoenix Home with 53,000-SF Lease Renewal
Sept. 05, 2008
BioLab Inc. has decided to extend its commitment to its digs at 5555 North 51st Avenue in Glendale, Ariz., with the signing of a new seven-year lease.
Two Orange County Industrial Buildings Financed
Sept. 05, 2008
First mortgage financing has closed for Etchandy Commerce Center and Etchandy Industrial Complex II, two industrial parks encompassing an aggregate 207,000 square feet in Orange County
European ProLogis Fund Secures $383M Refi
Sept. 05, 2008
ProLogis European Properties Fund II, a private equity fund established by Denver-based distribution facilities provider ProLogis, has attained a five-year secured term loan facility valued at €264 million, or approximately $383 million, for the purpose of refinancing 34 properties in Central Europe.
W.P. Carey in $28M Sale-Leaseback
Sept. 04, 2008
W.P. Carey Group's publicly traded CPA:17 Global REIT has completed a $28 million sale-leaseback deal with wireless communications firm Sabre Industries on two industrial properties located in Alvarado, Texas and Bossier City, La.
 

 

REal Talk with Adam Perrotta-Wednesday
September 03, 2008
By Adam Perrotta, News Writer --While Manhattan's Downtown and Midtown South office submarkets have recently been billed as havens for smaller tenants looking to avoid the sky high rents of Class A Midtown space, such firms may still be able...

Korean Bank Confirms Interest in Buying Lehman Stake
September 03, 2008
By: Gail Kalinoski, Contributing Editor --Buzz about a possible sale of Lehman Brothers escalated today after a top official at state-owned Korea Development Bank confirmed that KDB was trying to form a consortium with private banks to buy a stake...

Sherwood Snaps Up 300,000SF NYC Office for $155M
September 03, 2008
By: Barbra Murray, Contributing Editor --The 307,000-square-foot office building at 370 Lexington Ave. in New York City's Grand Central submarket has come under new ownership, courtesy of a transaction valued at $155 million. Sherwood Equities Inc., acting in a joint...

Africa Israel Sells NYC Assets for $349M
September 03, 2008
By: Dees Stribling, Contributing Correspondent --Africa Israel Investments Ltd., a Yehud, Israel-based company owned by billionaire Lev Leviev that has real estate holdings in Israel, the United States, Russia and other countries, has agreed to sell some of its interests...

Gustav Not as Severe as Katrina
September 03, 2008
By: Scott Baltic, Contributing Edtor --Context is everything, and hurricanes appear to be no exception. Though Hurricane Gustav's impact on the Gulf Coast in Mississippi and Louisiana wasn't a love pat, locals mostly seem grateful that the damage it caused,...

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...