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.
SUN VALLEY, CA-Triscenic Production Services pays privately held LJK Properties $2.2 million for a 35,100-sf industrial project in this LA suburb. The building contains 5,200-sf of office space.
MORAN TOWNSHIP, MI-Enhancements totaling $1.3 million to the current Mackinac Bridge viewing area will improve the observation building, pave access roads, as well as add a walking path, picnic areas and landscaped islands.
INDIANAPOLIS-The REIT's $80 million in new developments include a 128,000-sf industrial facility for Eagle Inc. in Minneapolis. First-quarter activity also includes $54 million of new third-party construction contracts.
NORTH ANDOVER, MA-Lucent Technologies, the New Jersey-based telecommunications company, plans to cut 1,000 jobs in this state. While the company intends to keep all facilities in this state open, some consolidation might eventually occur.
ATLANTA-Locally based Southwire Co., a supplier to major commercial real estate projects, has sold its Hawesville, KY facility to Century Aluminum Co. of Monterey, CA for $450 million.
EMERYVILLE, CA-The decision paves the way for other redevelopment projects on contaminated sites in urban core areas by validating the use of eminent domain in property acquisition and by allowing the city Superfund-style cleanup authority, according to an attorney representing Emeryville.
ORLANDO-Tampa lawyer Bob Martinez tells US Bankruptcy Judge Arthur B. Briskman he was on a monthly retainer from 1994 to 1998, while in private law practice, for Evergreen Security Ltd., a non-licensed British Virgin Islands-based firm that operated from Downtown Orlando.
SOUTHFIELD, MI-Two new team members well-versed in commercial development work are added to Ronnisch Construction Group's roster. Edwin Glynn is named senior superintendent and Bruce Kennedy superintendent.
NEWARK-The acting governor, balancing difficult sports venue and Meadowlands Mall projects, wants the former but doesn't want the latter. July 1 looms as a big date. It was once thought he opposed the arena plan.