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industrial real estate news
Industrial Real Estate News
Discover the latest industrial real estate news and trends. Covering projects, real estate supply chain, logistics, pricing, cross dock facilities, and more.
The latest
Industrial Real Estate News
& Analysis
GLP, CIC Buy Japanese Logistics Facilties for $1.6 Billion
Hisane Masaki, Special Correspondent |
Singapore-based Global Logistic Properties and China Investment Corp. will buy 15 logistics facilities in Japan from LaSalle Investment Management for $1.6 billion.
Industrial Real Estate News
Lowe's Ramps up Inventory Ahead of Holidays
Mark Szakonyi, Daily Content Editor |
Lowe’s says its inventory in the third quarter was up 5.2 percent year-over-year and the home improvement retailer is “more aggressively ramping up for winter.”
Industrial Real Estate News
Home Depot Expands DC Mechanization
Joseph Bonney, Senior Editor |
Retailer Home Depot is stepping up mechanization of the rapid deployment centers it credits with supply chain improvements that helped the company boost third quarter
Industrial Real Estate News
Caterpillar Brings Back Some Production from Japan
William B. Cassidy, Senior Editor |
Caterpillar says it will shift some manufacturing from Japan to North America to bring production closer to customers in the Americas and Europe.
Industrial Real Estate News
ProLogis Sells Major Share of Brazilian Logistics Park
Mark Szakonyi, Daily Content Editor |
ProLogis has sold 90 percent of its share of a major Brazilian logistics hub to PREVI, the pension fund for the employees of the Bank of Brazil, for an undisclosed sum.
Industrial Real Estate News
Report Says Industrial Land Market Nearly Recovered
Bill Mongelluzzo, Associate Editor |
The industrial real estate market is one quarter away from reabsorbing the space that went vacant during the 2008-2009 downturn, as about 86 percent of the space made vacant during the recession has b
Industrial Real Estate News
Bob Evans Sells Midwest Distribution Center
William B. Cassidy, Senior Editor |
Bob Evans Farms is serving up a portion of its distribution network, selling its Springfield, Ohio, BEF Foods distribution center to Millard Refrigerated Services.
Industrial Real Estate News
Intel Forecasts Lean Supplier Inventories
JOC Staff |
Semiconductor giant Intel, projecting caution across the technology sector despite its own record sales in the third
Industrial Real Estate News
Air Cargo
Thai Floods Disrupt Auto, Hard-Disk Supply Chains
Mike King, Special Correspondent |
Monsoon floods in Thailand are disrupting the supply chains of multinational companies including Apple, Ford Motor, General Motors, Nissan Motor, Honda, Toshiba, Toyota Motor and Western Digital, acco
Industrial Real Estate News
Air Cargo
Air Cargo Carriers News
Lowe's Closes 20 Stores, Curbs Expansion Plans
Mark Szakonyi, Daily Content Editor |
Home improvement retailer Lowe’s is closing 20 underperforming stores in 15 states and cutting its plan to open up new stores after lowering its
Industrial Real Estate News
Gap to Shrink US Retail Network, Expand Overseas
William B. Cassidy, Senior Editor |
Clothing retail giant Gap will close more than 100 of its Gap stores in North America as it expands overseas and increases online sales, the company said Thursday.
Industrial Real Estate News
Kuehne + Nagel Opens Colombian Facility
Mark Szakonyi, Daily Content Editor |
Kuehne + Nagel’s new 32,808-square-foot logistics and distribution center at Colombia’s Port of Cartagena positions the Swiss forwarder for growing trade generated by the
Industrial Real Estate News
Maritime
Kuehne + Nagel Acquires German Logistics Firm
Peter T. Leach, Senior Editor |
Kuehne + Nagel entered into an agreement to acquire Carl Drude, a logistics provider in the center of Germany, for an undisclosed sum.
Industrial Real Estate News
Warehouse Growth Thaws
Stephanie Nall |
The refrigerated warehouse industry, like the rest of the cold chain, came through the recession without the dramatic drops in business seen in the rest of the global economy, and recovered lost busin
Industrial Real Estate News
Cool Cargo News
Hershey, Ferrero Sign Supply Chain Pact
William B. Cassidy, Senior Editor |
Two of the world’s largest candy makers say they will work together to sweeten their supply chains and reduce their carbon footprint in North America.
Industrial Real Estate News
Trucking News
Survey Says Logistics CEOs Bullish About Future, Asia
Peter T. Leach, Senior Editor |
The CEOs of most logistics providers are bullish about the financial prospects of their companies over the next one and three-year periods and are most optimistic about business in Asia, according to
Industrial Real Estate News
Kerry Logistics To Open Singapore Hub Late 2012
Mike King |
The opening of Kerry Logistics' regional hub in Singapore in the fourth quarter of 2012 w
Industrial Real Estate News
Martin-Brower Expands Global Distribution Network
William B. Cassidy |
Food logistics giant Martin-Brower is acquiring the distribution assets of Keystone Foods, adding distribution centers in the U.S., Europe, the Middle East and Asia.
Industrial Real Estate News
Wholesale Inventories Rise, Sales Flat
Joseph Bonney |
Wholesale business inventories rose for a 19th consecutive month in July while sales were flat, the Commerce Department said, increasing concerns that companies may cut back on restocking.
Industrial Real Estate News
California Lawmakers Lukewarm to Amazon Offer
Mark Szakonyi |
California’s top lawmakers appear lukewarm to Amazon.com's offer to hire 7,000 workers and build at least two giant distribution centers in exchange for the state holding off on collecting sales
Industrial Real Estate News
Transport Work Force Shrinks Slightly
John D. Boyd |
The transportation and warehousing sector shed 2,400 jobs in August, for a drop of 0.06 percent from July, as larger drops in air and trucking employment offset mild gains in rail, water and warehouse
Industrial Real Estate News
Globe Express Expands in Miami, China
Mark Szakonyi |
Globe Express Services opened an 110,000-square-foot facility in Miami and added two offices in China, as the freight forwarder works to expand its stations to 50 from 42 by the end of 2011.
Industrial Real Estate News
Penske Logistics Wins Major Brazil Contract
Peter T. Leach |
Penske Logistics will handle the Brazilian distribution of LG Electronics products that are produced in the country and imported from South Korea.
Industrial Real Estate News
Kerry Expands Vietnam Distribution Network
Mike King |
Kerry Logistics will open a 32,808-square-foot logistics center in northern Vietnam in November, as the company completes its warehouse network in the
Industrial Real Estate News
ProLogis Sells 13 Warehouses to Clarion
JOC Staff |
Logistics real estate provider ProLogis, adjusting its holdings after merging with AMB Property, says it will sell 13 warehouse properties across the United States to Clarion Partners for $118 million
Industrial Real Estate News
Kerry Opens China Auto Logistics Center
Joseph Bonney |
Hong Kong-based Kerry Logistics opened a 215,000-square-foot logistics center in Hefei, China, for the growing automotive industry in Anhui Province, west of Shanghai in central China.
Industrial Real Estate News
Rhenus Buys Wincanton Europe Operations
JOC Staff |
British contract logistics operator Wincanton will pull out of mainland Europe under an agreement to sell its business there to Germany’s Rhenus for $107 million.
Industrial Real Estate News
Saddle Creek Adds Chicago, Jacksonville Sites
JOC Staff |
Saddle Creek is adding facilities in Chicago and Jacksonville, Fla., expanding its network of contract logistics and distribution
Industrial Real Estate News
Vacancies Decline at Port-Area Warehouses
Joseph Bonney |
Vacancy rates for warehouses and distribution centers near U.S.
Industrial Real Estate News
Forwarding
US Factory Orders Dipped 0.8 Percent in June
Joseph Bonney |
Orders to U.S. factories fell 0.8 percent in June, according to the Commerce Department, indicating a slowdown in manufacturing, which has been one of the strongest engines of economic recovery.
Industrial Real Estate News
Liberty Property Enters Inland Port Chicago Market
Mark Szakonyi |
Liberty Property Trust gained first inland port access by buying 1.2 million square feet of warehouse and distribution space adjacent to BNSF Logistics Park-Chicago for $60 million.
Industrial Real Estate News
Customer Location Central to DC Choices, Shippers Say
Bill Mongelluzzo |
Locating close to customers often is more important than tax and financial incentives in choosing distribution facilities, shippers told The Journal of Commerce Inland Ports conference in Chicago this
Industrial Real Estate News
From Restocking to Destocking?
Joseph Bonney |
Inventory restocking seems to be on summer vacation.
Industrial Real Estate News
Retailers' Balancing Act
Joseph Bonney |
In any economy, inventory management must strike a balance between costs and cutting into sales.
Industrial Real Estate News
No Shelf Life for Taxes
David Biederman |
With the retailing sector already in the midst of a shaky recovery, the seismic shift to online sales is changing the retail distribution model.
Industrial Real Estate News
Transport, Trade and Regulation News
Is Recovery Built to Last?
David Biederman |
Cautious optimism is turning into genuine belief as the industrial real estate sector finds itself in a long-awaited recovery mode.
Industrial Real Estate News
Warehousing to Benefit From Canal Project, Report Says
Joseph Bonney |
The expanded Panama Canal and higher fuel costs will boost demand for U.S. warehouses and distribution centers, a new report says.
Industrial Real Estate News
CEVA to Close Ohio Distribution Center
Joseph Bonney |
CEVA Logistics US said it will close a logistics center at West Chester, Ohio, following “a very recent decision by Dell Computers to transfer operations from the facility to a new location.&rdq
Industrial Real Estate News
Crowley Warehouse Wins High-Security Designation
Joseph Bonney |
The State Department designated Crowley Maritime Corp.’s Miami logistics warehouse as a Consolidated Receiving Point facility, allowing the company to act as a subcontractor for high-security lo
Industrial Real Estate News
Maritime
Transport, Trade and Regulation News
Amazon Threatens to Halt New Warehouse Plans
Dana L. Brundage |
A showdown between Amazon.com and state governments is spreading as the online retailer threatens to shutter more plans for distribution centers in disputes over demands that the company collect taxes
Industrial Real Estate News
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