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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.
OLMPIA, WA-Port of Olympia Commissioners gave a thumbs up this week to constructing the Port Plaza near Percival Landing. The controversial idea has been bouncing around the community for nearly a decade.
GRAND PRAIRIE, TX-An affiliate of Americo Real Estate of Dallas has borrowed $6.1 million to buy one of two Post Properties' holdings sold this month in the metroplex. NorthMarq Capital's Dallas office arranges a three-year floating rate mortgage.
GOLDEN, CO-Brokers Tom Wanberg and Chad Brue develop the 12,000-image "Magic Carpet Ride" as a Web-based marketing tool to sell an 85,000-sf beer distribution center in an area known as the Mousetrap.
MIAMI-The locally based telecommunications management and real estate company lost $33.9 million in the first nine months of 2001 compared to a loss of $32.2 million in the same 2000 period. Third-quarter Data Center revenue is up 72% to $700,000 from $400,000 in the same 2000 period.
CHARLOTTE-The Philadelphia-based pharmaceutical company is adding a 150,000-sf laboratory and manufacturing arm at its 215-acre Sanford, NC campus, 80 miles east of Downtown Charlotte.
DENVER-Radian Communication Services Corp. takes 16,804 sf at the Equitable Distribution Center while Applied Industrial Technologies takes an additional 14,651 sf at 5500 Havana St., next to 42,504 sf it occupies.
LONDON- The Imperial Tobacco Pension Fund is reweighting its portfolio by selling six industrial estates. It plans to reinvest the proceeds in the office and retail sectors.
MEDFORD, MA-The Massachusetts Highway Department gives $12 million to the Telecom City project, a 200-acre, $750 million development located here and in Malden and Everett to improve its road infrastructure. Despite the current economic climate, the project is forging ahead.