Premier Industrial commercial real estate news, analysis, trends and information including warehouse, distribution, logistics, e-commerce, self storage and R&D space deals and players.
"Our expertise lies in identifying and rejuvenating distressed properties, creating a viable asset where there was formerly an obsolete property,” says Terry Frassetto, Saddleback president.
The building is scheduled to be completed before the end of the year and will be the largest industrial facility ever constructed on speculation in Northeastern Pennsylvania.
An environmental and business advocacy group's reseach report says an offshore wind farm would create 4,000 jobs and add $730 million to New York's economy.
Houston industrial remains strong, both from the perspective of tenants and institutional investors, driven by job and population growth, as well as a stabilizing oil and gas sector and related industries.
The deals involve more than 600,000 square feet of existing space and 850,000 square feet of new construction, including a 600,000-square-foot distribution facility for retailer The Container Store.
The international firm is moves its distribution facility to Tejon Ranch Commerce Center, thanks to availability of quality space and an attractive tax incentive program.
It is no wonder that Portland is attracting better-educated talent and is unique in its ability to bring in young, skilled households, ranking above higher-paying metros with a major research university.
Atlanta's low cost of living vs. the Northeast and the Midwest and a business-friendly government and regulatory environment are driving economic growth, says Transwestern's Bruce Ford.
Incentive packages can really make a difference to a smaller company's profit and loss statement… There is no question that incentives play a role in site selection, even in small-town America.