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.
LIVERMORE, CA- Located along the 580 corridor, construction of the four-building Copper Hill Business Park is expected to break ground in the beginning of next year. As things stand currently, the first three buildings have already been approved by the Planning Commission, with final approval of the last building expected by January.
ORLANDO-Greg Hughes' Chesapeake Logistics Inc. of Tampa, FL is paying $31 million for the assets of 500,000-sf Mid-Florida Freezer Warehouses Ltd. in Port Canaveral, 60 miles east of Downtown. Mid-Florida Freezer officials concealed from Federal inspectors and later sold contaminated drums of fruit juice over a 30-year period, the government charged.
ORLANDO-The California computer maker's federal court lawsuit alleges locally-based Dacanay Consulting and two Clearwater, FL companies resold counterfeit software.
CHICAGO- The nation's largest industrial REIT has reached a preliminary agreement to sell its huge 50-property, Long Island portfolio to an undisclosed buyer. The trust says its eight-market, nationwide disposition plan continues to move forward.
ORLANDO-In an exclusive interview with GlobeSt.com, Orlando developer George D. Livingston, president of the Paris-based International Real Estate Federation, representing 1.5 million professionals in 50 countries, says so-called smart-growth policies "lead to economic advantages and political gains for the few.
ORLANDO-GC Cos. of Chestnut Hill, MA, parent of General Cinema Theaters Inc., is shuttering four local properties today with a total 28 screens after apparently failing to find a buyer for the financially-strapped assets. The other theaters are in Boca Raton, Coral Gables, Plantation and Palm Beach Gardens.
CHARLOTTE-This Durham, NC company didn't have to put out bids for a materials contractor to build its new $3.2 million, 4,240-sf plant at 325 E. Hebron St. here. Unicon Concrete is using its own product.