BioMed Realty Trust's purchase of the remaining US life science holdings of Lyme Properties represents one pole of the biotech/pharmaceutical market. Pfizer Pharmaceutical Co.'s decision to cut jobs and close plants represents the opposite pole.
US ports and waterways handle more than two billion tons of domestic and import/export cargo annually. But many of the nation's federal navigation channels are ill-equipped to handle the ever increasing sizes of ocean-going ships, a trade association says.
Even as some markets reel from the falling fortunes of major US automobile manufacturers, others hope to take advantage of improvements in alternative segments of the automotive industry. Alabama, Mississippi and Tennessee have all become automotive powerhouses.
The decision by Wells Fargo & Co. to establish a life sciences group signals a major change in attitude by financial service companies toward the biotech sector. Until recently, most major financial institutions regarded the industry as too risky to embrace.
A new survey commissioned by the Paris office of Capgemini Consulting Services and Denver-based ProLogis shows the Netherlands is the region's most sought after location for distribution centers, with Belgium and Germany close behind.
Even though millions of acres of untouched land surround this rapidly growing desert oasis, the sobering truth is this sprawling metropolis has limited room to grow. In fact, some analysts believe all available developable land will be gone in less than a decade.
With a fast-growing port, busy international airport and burgeoning Latin American trade, Houston has become a major focus for investors and developers. Nothing provides greater evidence of this than recent plays by three large California companies eager to capitalize on the region's prospects and lower costs, at least compared to the West Coast.
AMB Property Corp.'s $181 million acquisition of a 2.1 million-sf portfolio of 25 modern airfreight buildings at three US international airports adheres to the Northern California REIT's strategy of focusing investment on markets benefiting from explosive growth in global distribution. It also reflects the company's preference for infill locations that limit options for competition from other developers.