Industrial Real Estate News

Journal of Commerce provides industrial real estate news and analysis, including industrial real estate projects, real estate supply chain, real estate logistics, distribution centers, cross-dock facilities, expansion, absorption, pricing, categories and strategies.

The latest Industrial Real Estate News & Analysis

US cold storage expands at healthy clip

Bill Mongelluzzo, Senior Editor |
The U.S. cold storage industry has grown at an average annual rate of 9.3 percent the past seven years, and further growth is anticipated as this niche industry mirrors the country’s economic expansion, according to a report published by Cushman & Wakefield.
Industrial Real Estate News

Nevada tapped as best place for US advanced manufacturers

Reynolds Hutchins, Associate Editor |
Northern Nevada tops the list for shippers in advanced manufacturing interested in returning to or expanding existing facilities in the U.S., according to recent study from a national site-selection firm. And while the cost of logistics didn’t figure quantitatively into the firm’s ultimate rankings, total landed costs did.
Industrial Real Estate NewsRail NewsTrucking News

Hong Kong private equity firm buys into China warehousing sector

Greg Knowler, Senior Europe Editor |
China’s rapidly developing logistics property business continues to attract investment from outside the industry with a Hong Kong-based real estate private equity firm the latest to jump into the booming warehousing market.
Industrial Real Estate News

Hoosier state is a slam dunk for global shippers, report says

JOC Staff |
Indiana is the place to set up shop if you’re a logistics firm or a shipper looking for a state with global market appeal, according to an Indiana state manufacturing and logistics initiative.
Trucking NewsIndustrial Real Estate News

New Tampa logistics park guns for e-commerce shippers

JOC Staff |
Florida shippers and manufacturers in the Tampa Area Bay can use a new 1,400-acre logistics park to distribute goods, particularly e-commerce items, from the nearby port and other directions leading to the growing population center.
Industrial Real Estate News

Toys “R” Us opens French distribution center

JOC Staff |
Toys“R”Us has opened a 550,000-square-foot distribution center in Saint-Fargeau-Ponthierry, France, to consolidate operations previously performed by three fulfillment centers in the country.
Industrial Real Estate News

US manufacturing growth building demand for industrial real estate

Bill Mongelluzzo, Senior Editor |
Developers of industrial real estate are expanding their portfolios beyond big-box distribution centers for supply chain logistics to include manufacturing facilities and warehouses to serve manufacturers in the U.S. and Mexico.
Industrial Real Estate News

Logistics center planned for ex-steel mill site near Baltimore

JOC Staff |
A 3,100-acre tract near Baltimore that was once was the site of one of the largest steel mills and shipyards in the United States will be marketed as a logistics and manufacturing center.
Industrial Real Estate News

Five Below opens million-square-foot NJ distribution center

Joseph Bonney, Senior Editor |
Retailer Five Below has opened a 1,015-square-foot distribution center in southern New Jersey that will serve 300 of the company’s stores in the eastern United States.
Industrial Real Estate News

Target doubles down on e-commerce after Canadian stumble

Reynolds Hutchins, Associate Editor |
After its first foray into an international market ended in a billion dollar loss last year, Target is once again embracing new additions to its supply chain. This time they’re playing it safe, though, investing in a market where they have a proven track record: the Internet.
Industrial Real Estate News

US e-commerce sales break another quarterly record

JOC Staff |
Online retails sales in the U.S. marked another record-breaking quarter in the first three months of 2015 after an especially harsh winter kept many consumers inside, shopping from the warmth of their own homes.
Industrial Real Estate NewsLTL

BNSF Kansas City logistics park expands

JOC Staff |
One developer is betting big on BNSF Railway’s Kansas City logistics park. NorthPoint Development this week announced the construction of a 822,104-square-foot speculative building at the park.
Industrial Real Estate News

General Mills plans multimodal British distribution hub

William B. Cassidy, Senior Editor |
General Mills will be the first tenant at a tri-modal logistics facility near Manchester, England, set to open next year. The inland port will offer rail, truck and short-sea shipping links.
Industrial Real Estate NewsTrucking NewsRail News

US logistics real estate markets get tighter, pushing up rents

William B. Cassidy, Senior Editor |
Available warehousing and distribution space is getting harder to find and more expensive as demand outpaces construction, according to Jones Lang LaSalle.
Industrial Real Estate NewsTrucking News

Panama on a path to become manufacturing and logistics hub

Alan M. Field, Contributing Editor |
Development of Panama Pacifico, a master-planned community located on the former U.S. Howard Air Force Base near the canal, offers more than 516,000 square feet of expansions and new development projects, and the site has more than 365,000 square feet of available Class A office space, allowing for long-term growth opportunities.
Industrial Real Estate News

Temperature-controlled cargo facility near Delhi opens

JOC Staff |
State-owned logistics provider Container Corporation of India has opened a $1.6 million temperature-controlled facility in Adarsh Nagar, near Delhi, the latest investment in line with parent Railways’ fiscal year 2015-16 budget plan announcement last month.
Industrial Real Estate NewsCool Cargo News

CN plans intermodal logistics hub for greater Toronto region

Mark Szakonyi, Executive Editor |
Canadian National Railway on Tuesday announced plans to build a $196 million intermodal and logistics hub outside of Toronto as its existing terminal serving Canada’s largest urban center nears capacity and regional freight demand builds.
North-American railIndustrial Real Estate News

GLP to build on leases as US logistics platform deal signed off

Greg Knowler, Senior Europe Editor |
Singapore-based Global Logistic Properties Limited (GLP) has completed the acquisition of one of the largest logistics platforms in the U.S. for $8.1 billion.
Supply chainIndustrial Real Estate News

Home Depot adds $1 billion in e-commerce revenue

William B. Cassidy, Senior Editor |
Industrial Real Estate NewsTrucking News

Study finds wide range in DC operating costs

Joseph Bonney, Senior Editor |
Annual costs to operate a hypothetical 500,000-square-foot distribution center with 150 employees could range from $11.3 million to $15 million among U.S. cities surveyed by a national site-selection company.
Industrial Real Estate News

Industrial real estate activity takes off in Kansas City

Mark Szakonyi, Executive Editor |
After attracting only one tenants — a government agency— in roughly eight years, a former U.S. Air Force base turned logistics park in the Kansas City area has announced three new shipper tenants in a span of five months.
Industrial Real Estate News

Rite Aid to build South Carolina distribution center

JOC Staff |
Drugstore chain Rite Aid Corp. plans to build a 900,000-square-foot distribution center in Spartanburg, South Carolina., that will consolidate three existing DCs and serve 1,000 stores in the Southeast U.S.
Industrial Real Estate News

Freight growth to keep US industrial space absorption strong

Bill Mongelluzzo, Senior Editor |
Main drivers of industrial real estate — cargo volumes at seaports, rail freight volumes, gains in gross domestic product, increasing retail sales and a gradually improving housing market — all indicate net positive absorption will continue.
Industrial Real Estate News

Tight Hong Kong warehouse supply will test logistics budgets this year

Greg Knowler, Senior Europe Editor |
A scarce supply of industrial land will continue to push up warehouse rentals in Hong Kong, keeping landlords in the pound seats while ramping up operating costs for third party logistics providers.
Supply chainIndustrial Real Estate News

Robust 2-year forecast for US industrial real estate

Bill Mongelluzzo, Senior Editor |
Demand for U.S. industrial property will remain strong for at least the next 24 months even though the market for manufacturing and distribution facilities has experienced four years of continuous growth, according to the latest U.S. Industrial Outlook published this week by CBRE Research.
Industrial Real Estate News

Shanghai warehouse supply to rise sharply this year, Colliers says

Greg Knowler, Senior Europe Editor |
Supply chainIndustrial Real Estate News

Project to help expand development at BNSF Kansas City

JOC Staff |
A road improvement project will help make the industrial development around BNSF’s relatively new intermodal rail terminal in the Kansas City area more attractive when work is completed in 2016.
North-American railIndustrial Real Estate News

CenterPoint shores up Pacific Northwest strategy with two-property purchase

JOC Team |
CenterPoint Properties plans to expand its Pacific Northwest footprint beyond the nearly $50 million it recently spent on two properties adjacent to the Port of Seattle.
Industrial Real Estate News

GLP makes giant move into US logistics real estate

Greg Knowler, Senior Europe Editor |
Singapore-based Global Logistic Properties took a break from its rapid China expansion to partner with GIC in acquiring one of the largest logistics real estate portfolios in the US for $8.1 billion.
Supply chainIndustrial Real Estate News

Two 3PLs tap e-commerce demand in Tianjin with new facilities

JOC Team |
Two global logistics companies will set up shop in the Goodman Group’s newly-constructed Xiqing Logistics Park in Tianjin, reflecting the demand for modern warehousing to serve booming Chinese e-commerce business.
Industrial Real Estate News

Record Alibaba ‘Singles’ Day’ sales reveal China delivery challenges

Greg Knowler, Senior Europe Editor |
The millions of products ordered online in China during the November 11 “Singles Day” will have to be delivered across mainland China in the next couple of weeks, placing intense pressure on distribution networks in the country.
Industrial Real Estate News

BNSF’s Kansas City logistics park gains momentum with new tenant

JOC Staff |
BNSF Railway’s relatively new intermodal terminal in the Kansas City area has attracted another shipper and fueled speculative industrial warehouse construction.
Intermodal providersIndustrial Real Estate News

Home Depot’s plans cement Calgary as distribution hub

Mark Szakonyi, Executive Editor |
Home Depot Canada is building a more than 1 million-square-feet distribution hub near a Canadian Pacific Railway intermodal terminal in Calgary, further cementing the largest city in Alberta province as a major staging ground for western Canada.
Industrial Real Estate News

JLL: Industrial vacancy rates at a 6-year low

JOC Team |
Industrial vacancy rates in the U.S. have dipped to 7.1 percent, and could sink even lower in the fourth quarter, JLL Research says.
Industrial Real Estate News

Amazon completes European distribution network

JOC Staff |
Amazon’s opening of three distribution centers in western Poland this week closes the remaining gap in the e-commerce giant’s European network.
Industrial Real Estate News

Virginia inland port attracts furniture maker

Grace M. Lavigne, Associate Web Editor |
A manufacturer of custom office furniture is investing $17 million to establish a Virginia distribution center at the CenterPoint Intermodal Center in Suffolk, a boost for the Port of Virginia and CSX Transportation and another sign of growing momentum for inland ports served by rail.
Industrial Real Estate News

Inland ports growing more important in shipper supply chains

Bill Mongelluzzo, Senior Editor |
New U.S. inland port projects are being launched after consultations with supply chain participants, including importers and exporters, trucking companies and logistics providers.
Industrial Real Estate News

Katoen Natie opens $50 million Singapore terminal extension

JOC Staff |
Industrial Real Estate News

Goodman signs up IKEA in China deal

Greg Knowler, Senior Europe Editor |
Home furnishing giant IKEA has expanded its business with logistics property developer Goodman Group into China, signing a lease for 11,000 square meters of warehousing space in the inland Chinese city of Chengdu.
Industrial Real Estate News

Asian middle class growth full of promise, challenges

Mark Szakonyi, Executive Editor |
Growth expectations for the Asian middle class are staggering, but so is the scale of supply chain upgrades that will be needed to meet demand.
Industrial Real Estate News