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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.
SIGNAL HILL, CA-Private investor F&B Properties purchased the multi-tenant industrial park from publicly traded, San Francisco-based Rreef. The eight-building Walnut Avenue Business Park was 93%-occupied at the time of sale.
ATLANTA-James A. Fleming, a law partner in Fleming & Ray, is the new senior vice president, general counsel and secretary at the locally based REIT. He replaces Tom G. Charlesworth who was promoted to executive vice president and chief investment officer in January of this year.
ANAHEIM, CA-The facility encompasses 55,000 sf. Buyers continue to snatch up industrial property countywide, as the industrial market has been keeping steady.
SUTTON, MA-Bay State Moving Systems Inc. will consolidate its offices and warehouses, which now are spread throughout Worcester and Millbury, at South Commerce Park. The project is scheduled to be completed by mid-December.
ORLANDO-The U.S. Occupational Safety and Health Administration opened a formal investigation today in the death of a 36-year-old construction worker whose harness broke as he was working on a rooftop scaffold, 60 feet above the Orange County Convention Center's floor.
DENVER-Commercial real estate brokers and lawyers who were against last year's Constitutional Amendment to control growth say they might vote for it if legislators don't compromise.
BOSTON-The neighborhood of Brookline here in the city is suddenly faced with the possibility of being able to develop ten surplus acres owned by the state. The town has yet to decide what to do but it is its first significant development opportunity in years.
HOUSTON-Two down, one more to go in public input sessions in Galveston, where officials are weighing a port merger with the Port of Houston. Galveston is the only required voting entity that has not OK'd the merger plan.
HOUSTON-Marcus & Millichap is predicting another 5% hike in flex office rents by year's end. Investor interest is strong, fueled by a hardy local economy, a brisk energy industry and lower borrowing rates.
SAN ANTONIO-Two industrial companies are on the move in San Antonio. Gerloff has temporarily signed for three-fourths of a spec project while crews complete a facility at its home base. Meanwhile, Klinger has downsized to meet a changing business model.