Property Types Industrial
Amid Continuing Market Decline, First Industrial Nabs $154M in Financing
June 08, 2009
Despite the ongoing weakening of industrial market fundamentals, banks are warming up to certain players like First Industrial Realty Trust Inc., which has just managed to get its hands on $154 million in the form of three loans secured by assets encompassing a total of 6.3 million square feet.
GM Filing Affects Industrial Sector, Local Economies
June 03, 2009
A major part of bankrupt carmaker General Motors' plans to fast track its reopening as a new, sleeker firm in 60 to 90 days, are a number of real estate-related decisions that could have an effect on commercial property industry, especially the industrial sector.
In Slow Central Valley Market, 685,000-SF Sale Makes Splash
May 29, 2009
Industrial property sales in San Joaquin County in California's Central Valley have been practically nonexistent this year, but USAA Real Estate Co. just broke the monotony with the acquisition of a 658,000-square-foot distribution facility in the city of Tracy, about an hour east of San Francisco.
The Expert: Consumption & Retail Sales Trends
May 26, 2009
Over the past 50 years, U.S. consumption patterns have changed considerably. Until the middle of 2008, consumption of goods and services rose substantially, fueled by lower savings, increased wealth and increased household debt.
C&W: Industrial Market Continues Downward Spiral in Q1
May 26, 2009
It was a grim quarter for the industrial real estate market. The first three months of 2009 saw the sector's average vacancy rate climb up to 9 percent from 8.3 percent in the fourth quarter of 2008 and 7.2 percent one year ago, marking a four-year high. That is just some of the discouraging news from real estate services firm Cushman & Wakefield Inc.'s latest quarterly MarketBeat report.
ProLogis Leases 127,000 SF in Northern Germany
May 21, 2009
Industrial property REIT ProLogis has signed two new lease agreements for more than 127,000 square feet of recently developed space at distribution parks in northern Germany.
As Investment Market Continues to Offer Attractive Pricing, JV Makes $41M Portfolio Buy
May 21, 2009
As the investment market remains in flux, those buyers with money to spend are continuing to eye high-value deals. In the latest such move, a joint venture between CB Richard Ellis Realty Trust and Duke Realty Corp. shelled out $41 million to acquire a pair of fully-leased office buildings in Houston and Orlando, along with a warehouse facility in Tampa.
The News: Heartland Markets Lead Overachievers
May 12, 2009
Hundreds or thousands of miles from the nation’s powerful coastal ports, second-tier industrial markets sometimes seem overlooked. But a handful of locations, most in the nation’s heartland, held their ground or improved occupancy during the first quarter compared to the same period of 2008.
The Expert: Los Angeles Slumps Under Recession
May 12, 2009
Los Angeles County’s industrial sector experienced the largest amount of negative net absorption in the first quarter compared to all other industrial markets, with negative 8.8 million square feet. This is the largest quarterly hit to occupied space in the metropolitan area since the first quarter of 1990.
Asia-Pacific Ports Lead RREEF Opportunity Survey
May 11, 2009
The Asia-Pacific region tops the list of investment opportunities for global container ports, while the leading container ports in the United States have plenty of ground to make up, a study published last week by RREEF contends.
Stirling Capital Completes 1M-SF Industrial Development
May 07, 2009
Stirling Capital Investments has completed construction on Distribution Centre 1, a one million-square-foot Class A industrial facility situated on approximately 46 acres at Southern California Logistics Centre in Victorville, Calif.
Houston Industrial Market Down, but Deals Still Trickling In
April 30, 2009
The first three months of 2009 saw the first quarterly negative growth in Houston’s industrial market since 2003. The market posted a half-million square feet of negative net absorption in the first quarter, according to a report by Grubb & Ellis Co.
AMB Down $122M in First Quarter
April 29, 2009
Industrial real estate firm AMB Property Corp. lost $122.4 million in the first quarter of 2009, the firm said.
The News: Southern California Adjusts to New Reality
April 28, 2009
Southern California’s Inland Empire is a conduit for nationwide shipping for cargo arriving from the ports of Los Angeles and Long Beach. That placement had led to robust growth in recent years as developers added an average of 20 million square feet of new inventory annually, according to reports released recently from Marcus & Millichap Real Estate Investment Services Inc.
The Expert: Business Inventories Function as Economic Indicators
April 28, 2009
The Department of Commerce announced last week that total business inventories, stocks of finished goods, work in progress and raw materials, decreased 1.3 percent in February, in line with expectations. The largest decline took place across the categories of furniture, electronics and appliances, consumption of which can be deferred until consumer confidence returns.
Green Milestone for Data Centers as Citi Scores Sector's First LEED Platinum
April 24, 2009
As the business world continues to realize the benefits of integrating green building practices, Citi’s newly completed data center in Frankfurt, Germany, has earned a LEED Platinum rating from the U.S. Green Building Council, marking the first time a data center property has received the Council's highest rating.
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