Industrial real estate

Industrial real estate services company Jones Lang LaSalle has snagged Walter Kemmsies, a noted economist with a focus in logistics, from infrastructure advisor Moffat & Nichol.

Warehouses and distribution centers near the largest U.S. population centers are filling up fast. The vacancy rate of 6.4 percent at the end of 2015 was the lowest in 15 years and is expected to get even tighter this year as retailers’ demand for space outstrips supply.

<p>A directory of US warehousing and service providers in 2016.</p>

Logistics property developer Goodman has secured 100 percent of its Brazil operating platform, giving the Australia-based company complete control over the 190 million square feet it has under management.

Despite slowing U.S. economy, the industrial real estate sector in 2016 will experience disciplined but broad-based expansion as retailers seek quality warehouse and distribution space for both their brick-and-mortar and e-commerce fulfillment needs, according to developer Prologis.

Global warehouse provider GLP and Canada Pension Plan Investment Board have poured almost $1 billion into expanding their Japanese joint venture fund to capitalize on growing demand for logistics facilities in the country.

Robust growth in GLP’s China business, strong gains in Japan and a storming entry into the U.S. market drove up the third quarter earnings of the logistics property developer by 64 percent.

Despite unexpected volatility in the first few weeks of 2016, Cushman & Wakefield anticipates one more year of strong absorption of industrial real estate space before demand in the warehouse and distribution sector slows down.

DB Schenker, the logistics arm of Germany’s Deutsche Bahn, has strengthened its presence in India with the opening of a third, new warehouse facility in Bhiwandi, near Mumbai.

Strong demand for quality logistics facilities in China has seen Goodman Group and Canada Pension Plan Investment Board (CPPIB) increasing their equity in a China partnership by $1.25 billion.

Demand for warehouse, distribution, and e-commerce fulfillment space exceeded supply in 2015 across the U.S., and Jones Lang LaSalle projects these conditions will persist next year, according to the JLL 2016 Industrial Outlook.

Old Dominion Freight Line is adding a second terminal in St. Louis, Missouri, expanding its less-than-truckload service in the city and the Midwest.

Apparel wholesaler S&S Activewear is the latest company to set up distribution operations in the Kansas City area, expanding its overnight delivery footprint in the Central U.S.

Adam Roth, director, NAI Global Logistics, explains how the industrial real estate industry is working to create more capacity for growing e-commerce demand. He shared his insight with Alessandra Barrett, senior content director, JOC, at the JOC Inland Distribution Conference in Memphis, Tennessee, in October.

Vacancies for warehouses and distribution centers in the “red hot” New Jersey market dropped to 7.2 percent in the third quarter, the lowest rate since the recession took hold in 2007.

A developer is adding more than half a million square feet of speculative industrial space at BNSF Railway’s Logistics Park Kansas City.

A 1.6-million-square-foot direct fulfillment center in Troy Township, northwestern Ohio plays a key part in Home Depot's interconnected retail strategy blending online and in-store sales.

U.S. developers of warehouses and distribution centers facing community opposition to permits should emphasize socioeconomic benefits and debunk outdated assumptions about health risks, says a veteran economist in California’s Inland Empire.

U.S. Northeast consumers’ growing appetite for e-commerce is cooking up a “red hot” industrial real estate market around the Port of New York and New Jersey — a trend great for developers and pricey for shippers, the head of an industrial real estate trade association said Wednesday.

U.S. retailers and manufacturers are slicing into inventories they built up during the West Coast port labor dispute, contributing to what's reported to be a softer third-quarter freight market. Stronger consumer spending may help shippers balance inventories as peak season demand picks up.

The same logistics strategy that propelled U.S. online retailer Zulily to greatness has led to its defeat, according to industry analysts, culminating this week in the company’s sale to a retail giant with a markedly different idea of how supply chains are run.

Macy’s is expanding same-day delivery options into more markets, upping the ante in its high-stakes poker game with e-commerce giant Amazon.

E-commerce is creating demand for small distribution centers that can provide last-mile retail delivery more nimbly than the big regional DCs that currently dominate industry investment.

One of the largest U.S. inland ports continues to grow, with one logistics provider planning to open a 1.1 million square foot distribution center and a grain shipper moving to the Chicago area site served by intermodal rail.

Gerber Childrenswear announced a $33 million investment for a distribution center in Berkeley County, South Carolina, another sign of Port of Charleston’s growing role as a major import gateway on the East Coast,

London Gateway wants shippers to use its new common-user facility as a testbed for trying out innovative logistics solutions, said it implementation director Graeme Clarke.

Discount retailer Dollar Tree is building a $104.4 million distribution center in 'upstate' South Carolina, near the Greer Inland Port and the I-85 corridor, expanding its Southeastern logistics footprint.

Vacancy rates for New Jersey distribution centers and warehousing have dipped below 8 percent for the first time in six years and are pushing up rents, the Cushman & Wakefield commercial real estate firm says.

Wal-Mart has opened four new warehouses in Tianjin to expand its distribution centre in northern China, the latest example of rising mainland demand for modern logistics property that is increasingly in short supply.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.