Property Types Industrial
Louisiana Beer Distributor Expands Westward
May 12, 2008
Source: Arizona Republic

Though Crescent Crown Distributing sustained $18 million in damage after Hurricane Katrina struck its New Orleans headquarters in 2005, its expansion into Arizona means that the beverage supplier is now on track to becoming the largest employer in the town of Surprise.

Crescent Crown broke ground on its second East Valley facility last month. Those operations are slated for the corner of Dysart Road and Sweetwater Avenue in Surprise. Its central facility is in Phoenix, and the company expects to build a third Valley facility within the next four to six years, according to the Arizona Republic.

 
Recent Industrial Headlines
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.
Orlando Industrial Property Sold
July 18, 2008
Delta Properties Intl. L.L.C. has acquired the industrial facility at 1815 Cypress Lake Drive in Orlando, Fla., from LDL Holdings Florida L.L.C.
Sports Product Retailer Triples Warehouse with 207,000SF Lease
July 18, 2008
Driven to expand its operations due to increasing demand, Dreams Retail Inc. has leased the industrial building at 725 Landwehr in Northbrook, about 25 miles from Chicago, Ill.
Suburban Boston Industrial Complex Trades for $38M
July 18, 2008
The distribution buildings at 26 and 28 Millbury Street in Auburn, Mass., about 40 miles west of Boston, traded for an aggregate $38.5 million.
Report: Mexico's Foreign-Owned Factories Make Comeback
July 17, 2008
Mexico's maquiladoras, foreign-owned factories, have rebounded in recent years as engines of economic growth in the face of overseas competition, especially from China, according to a report by industrial real estate landlord ProLogis.
 

 

UrbanAmerica Takes Rubicon Portfolio for $515M
July 18, 2008
By Paul Rosta, Senior Associate Editor As some investors stay on the sidelines, others continue to see opportunity in softening asset values. UrbanAmerica, a New York City-based investment firm, has agreed to pay Rubicon America Trust $515 million for a...

Manhattan Mixed-Use Sold to Local Investor
July 18, 2008
By Scott Baltic, Contributing Editor A partnership including Kent Swig of Swig Equities L.L.C. has sold a pair of pre-war apartment buildings on Manhattan's Upper West Side to a locally--based operator of residential and mixed-use properties for $61 million, or...

Vegas-Area Resort Developer Files for Bankruptcy
July 18, 2008
By Tonie Auer, Southwest Correspondent -- A sluggish economy coupled with housing market woes nationwide trickled down to the robust Las Vegas housing market, contributing to the filing to reorganize under Chapter 11 bankruptcy for Lake at Las Vegas Joint...

Details Emerge for $90M Canadian Casino
July 18, 2008
By Barbra Murray, Contributing Editor -- Plans for a new destination casino in New Brunswick, Canada move closer toward realization as developer Sonco Gaming New Brunswick L.P. divulges details of the mixed-use property. The $90 million project will carry the...

REal Talk with Adam Perrotta-July 17
July 17, 2008
By Adam Perrotta, News Writer --Today's news was a mixed bag, as yet another disappointing report on the real estate market and a major tenant pulling out of the World Trade Center was balanced out by some good news, including...

Top Brokers Do Deals in Bad Markets, Too
July 18, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Many in the industry long for the frothy markets of 2005 when sellers experienced record low cap rates, buyers were aided by loose credit and a strong flow of funds from the capital...

Know Thy Customer
July 11, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --How well do you really know your customer? Let me put this as simply as I can. If you want to succeed in business you must be in touch with the demands of...

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...