Property Types Industrial
CBRE Sells Philadelphia Food Distribution Center
May 20, 2008

CB Richard Ellis Inc. representing the seller, BDB Co., a private partnership affiliated with the tenant, Brooks Provisions, arranged the sale of 3445 & 3535 South Front Street in Philadelphia, Pa. Located within the Food Distribution Center, the 86,315-square-foot cold storage food warehouse and distribution facility was purchased by Ashforth Paradigm Capital Advisors. The facility, which houses the corporate headquarters and main distribution facility of Brooks Provisions, is a fully leased. Brooks Provisions, the sole-tenant, will continue to operate in the building it has sold under its existing lease.

 
Recent Industrial Headlines
Pharmaceutical Firm Leases 40,000SF at 600-Acre Business Park
July 03, 2008
KaloBios Pharmaceutical has snagged 40,000 square feet at 260 East Grand Avenue in South San Francisco, Calif. for its new headquarters location.
ProLogis Arranges 500,000SF Lease in Dallas
July 02, 2008
ProLogis has leased a total of 500,000 square feet to three customers in the greater Dallas metropolitan area.
The Hampshire Cos Inks Lease at Industrial Building in New Jersey
July 02, 2008
The Hampshire Cos. has inked a 20,851-square-foot lease deal with More Specialized Transportation at its industrial building located at 30 Wesley Street in South Hackensack, N.J.
Schafer Development Buys Jacksonville Raceway, Plans to Construct Industrial Business Park
July 01, 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.
Pontius, Al Report: Despite Faltering Economy, Industrial Sector Remains Stable
June 30, 2008
The national industrial property market is in a relatively healthy state in spite of the recent economic uncertainty, according to a soon-to-be-released report on the sector by Marcus & Millichap Real Estate Investment Services.
 

 

$8.9B Penn Gaming Merger Crumbles
July 03, 2008
By Barbra Murray, Contributing Editor After spending the last few months attaining all the requisite approvals from various gaming commissions and boards, Penn National Gaming has put the kibosh on its proposed $8.9 billion merger with PNG Acquisition Company Inc.,...

Colonial Properties Trust Sells 5 Apartment Communities for $82M
July 03, 2008
By Gail Kalinoski, Contributing Editor Colonial Properties Trust, a multi-family-focused REIT, is continuing its plan to dispose of older assets by selling five apartment communities in two transactions for a total of $81.8 million. The buyer or buyers were not...

H&R Sells 11 in Canada
July 03, 2008
By Thomas Peretti, Contributing Correspondent -- H&R Real Estate Investment Trust has announced the completion of the sale of eleven retail properties. The firm netted approximately $72 million from the transaction. The company expects approximately a $9 million return on...

LA Developer Partners with Vegas Officials for Museum, Hotel Redevelopment
July 03, 2008
By Tonie Auer, Southwest Correspondent -- Less than a year after entering the Las Vegas market with the acquisition of the Lady Luck Hotel and Casino, Los Angeles-based CIM Group won a deal with the city to develop land adjacent...

Lightstone Acquires Interests in 20 Outlet Centers in $456M Deal
July 02, 2008
By Barbra Murray, Contributing Editor Lightstone Value Plus REIT will soon have a stake in 20 factory outlet centers, now that it has signed on purchase from 22.54 to 25 percent interests in the properties from affiliates of Arbor Mortgage...

How to K.I.S.S Problems Goodbye
June 27, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Keep It Simple Stupid. One of the most effective ways to order your world is to simplify everything you encounter. The problem is that keeping it simple often becomes very difficult when our...

Does Appearance Matter?
June 20, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --So, do appearances really matter? They shouldn't, but the reality is that they most certainly do. As the old saying goes, "you only get one chance to make a first impression," and often...

Recognizing the Need for Change
June 13, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Since the title of today's column is "Recognizing the Need for Change," I'm going to switch things up a bit and ask you to answer a question posed by me. I first warned...

How to Reduce Employee Turnover
June 06, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Few things in business are as costly and disruptive as unknowingly having the proverbial revolving door for employees to exit from. While there are many secondary and tertiary items that can influence an...

How To Delegate for Success
May 30, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --If you desire to become a top CEO it will be essential for you to master the art of leveraging down. Think of any top performing CEO and you'll find that to the...