Industrial Real Estate News

The Inland Empire in 2011 led the industrial real estate industry out of the disastrous economic recession. Thanks to measured, steady progress in 2012, much of the vacant property remaining from the 2008-09 recession has been reabsorbed.

U.S. exports from foreign trade zones are outpacing total exports as the duty-free areas become easier for shippers to tap, encouraging more companies to set up shops within the zones.

Baltimore-based transloading company MoveTran recently acquired a 206,700 square foot warehouse for transportation access via the Port of Baltimore, and is in the process of purchasing the former Heidtman Steel distribution center...

San Francisco-based Prologis’ board of directors has approved sponsorship of a Japanese real estate investment trust to serve as a long-term investment vehicle for modern logistics facilities.

Lineage Logistics, a warehousing and logistics company sponsored by Bay Grove Capital, plans to open and operate a new 196,000 square foot cold storage facility at the Port of Long Beach by mid-2014.

Sinergy Cargo, the Italian member of the FPS network of freight forwarders, has opened a multimodal container and bulk cargo handling and storage center in Arquata Scrivia, Italy...

Lowe’s plans over the next few years to expand in Canada and Mexico and centralize its fulfillment operations, allowing the retail giant to cut transportation costs and speed e-commerce delivery.

Chemicals manufacturer Royce Associates will spend $1 million to build a 48,000-square-foot chemical production and distribution facility in Gaffney, S.C.

Supply chain management company SDV has opened a $55 million warehouse in Singapore with nine floors of production and office space, spanning an area of 42,000 square meters...

Rosemont, Ill.-based kitchenware provider, World Kitchen, has completed two leases for industrial space totaling more than 1.6 million square feet in Greencastle, Penn., and Riverside, Calif....

The U.S. transportation construction infrastructure market is expected to increase 3 percent from $126.5 billion to $130.3 billion in 2013...

The recession hit as green warehouse development was taking hold. Now, it’s back.

Commercial warehousing may be a latecomer to the environmental trend, but given the synergies between efficiency and sustainability, shippers, third-party logistics providers and developers are enthusiastically embracing it.

Challenges in supply chains, such as shifts in global sourcing and new and multiple channels to market, are likely to cause a switch to multi-location distribution networks, said Peter Ward, cargo supply chain commercial manager at DP World London Gateway...

Honolulu-based Alexander & Baldwin recently reported profit in the third quarter was $13.4 million, jumping more than 200 percent from $4.4 million in the third quarter of 2011.

Joint venture Stirling Capital Investments recently secured a $70 million refinance loan from Bank of America for the Southern California Logistics Centre...

Australia-based industrial real estate developer Goodman Group today entered into a joint venture with WTORRE, a Brazil-based commercial real estate developer, which will undertake the development of logistics...

Walmart Canada is rolling out the prototype of an innovative new tractor-trailer in Ontario this week that has the capacity to deliver up to 40 percent more freight to its network of stores throughout the province.

Cargo Force recently renewed its lease for 48,000 square feet of industrial space in Oakland, Calif.

Shippers will decide whether to shift their cargo routing from West Coast to East Coast ports when the Panama Canal expansion project is completed in 2015 based on the total delivered cost of the freight, transit time, intermodal options and ease of doing business with port authorities.

INland Logistics Port in Kingsbury is Indiana’s first location to receive CSX Corporation’s Select Site designation.

East Coast Warehouse & Distribution Corp, based in Elizabeth, N.J., opened an expanded non-intrusive inspection facility on Oct. 5.

E-commerce distribution is expanding at the speed of broadband, giving a jolt to the broader industrial space market that is picking up but still growing closer to the pace of modem dial-up.

APL Logistics has expanded its operations in Bangladesh to meet growing demand from the apparel sector.

The e-commerce boom is providing a surge of opportunity amid the “anemic” expansion of U.S. distribution space, said IMS Worldwide President Curtis Spencer.

Swiss forwarder Kuehne + Nagel has opened a new warehouse facility in New Zealand.

The overall vacancy rate of space in warehouses and distribution centers across the U.S.

When New Orleans Cold Storage opened a riverfront cold storage plant last month, company and port officials were exultant.

IJS Global opened a dedicated warehouse in the Philippines to handle the logistics needs of Novartis Animal Healthcare.

Bay Grove Capital is showing no signs of slowing its investment in the cold storage industry, purchasing Castle & Cooke Cold Storage for its Lineage Logistics subsidiary.

New Orleans Cold Storage, the oldest cold storage company in North America, opened a new 142,000-square-foot cold storage warehouse at the Port of New Orleans on Thursday.

Kerry Logistics has opened a new 36,000 sq. ft. warehouse in Vietnam.

Kerry Logistics plans to expand its presence in Thailand further.

NYK President Yasumi Kudo said the company plans to double sales from logistics operations in future as global vessel overcapacity depresses freight rates in its container and other sea-borne cargo di

Electronics giant Foxconn plans to build a giant factory in Indonesia, and as a result, could employ as many as 1 million people in the country.

Kerry Logistics has opened its newly expanded automotive logistics facility at Laem Chabang, Thailand.

Kuehne + Nagel has opened a new distribution and storage facility in Hong Kong.