Industrial

HOUSTON—The Port of Houston Authority is a 25-mile-long complex of 150-plus private and public industrial terminals along the 52-mile ship channel and a modernization project is currently underway there.

LOS ANGELES—Despite the frequently touted lack of available land, Duke Realty manages to buy a 22.6-acre infill site to develop a 475,000-square-foot distribution center, which will no doubt be leased before its built, GlobeSt.com reports EXCLUSIVELY.

CHICAGO—Unless net absorption turns negative during the fourth quarter, the total in Chicago is likely to exceed 20.0 million square feet for the year.

SOUTH FLORIDA—KLX Aerospace Solutions signed a 500,000-square-foot, build-to-suit lease for its new global headquarters and distribution hub for the second largest real estate transaction inked in South Florida this year.

ANAHEIM, CA—Bentall Kennedy purchases the recently constructed 965,255-square-foot Anaheim Concourse from a JV between Panattoni and Clarion on behalf of a separate account managed by the firm.

ISELIN, NJ—A 25-year veteran of the commercial real estate industry, Iacobucci has focused throughout his career on value-add opportunities in office and industrial property. His experience includes asset management, acquisitions, dispositions and development.

PHILADELPHIA—The new facility enables American Airlines to increase capacity and improve the passenger experience at one of its primary east coast hubs.

NEW YORK CITY—Executives of Lee & Associates recognize the need for regulations governing storm-water management and green area in general, but are quick to note the impact that these factors have on development yields.