John McCloud is editor of Industrial Property Journal, from which this article is excerpted. San Francisco—After announcing plans to raise $95 million through the sale of four million shares of stock, locally-based Digital Realty Trust Inc. launched initiatives to develop 330,000 sf of advanced data space in 10 US cities. The company owns and manages 49 properties in the US, Europe and Canada totaling 10 million sf. …
Click here for the full story. Birmingham, AL—Beleaguered Delphi Corp., the bankrupt auto parts maker, is facing a strike by its workforce and closing plants nationwide. But the company is growing in Alabama. DaimlerChrysler AG recently gave suburban Detroit-based Delphi the contract to design and build the cockpit for a new Mercedes sport utility vehicle. Delphi will manufacture the parts at two facilities near the Mercedes vehicle-assembly plant in Tuscaloosa, about an hour SW of Birmingham.…