New logistics models are springing up to grab the same-day delivery market share, ranging from mega-distribution centers totaling 1.5 million sq. ft. to tiny delivery posts in urban areas that compete with the struggling local connections.
Eighteen U.S. firms were recently named to the Global 100, a stock index that ranks companies based on sustainable practices, a list that includes industrial powerhouse Prologis Inc. and other firms that use green concepts in their offices and manufacturing plants.
According to the Perspectives on Energy white paper put out this month by JLL, the industrial market’s adoption of natural gas, a cheaper alternative to gasoline fuel, should save enough capital to boost demand for manufacturing jobs and new distribution hubs throughout the country.
San Francisco-based DivcoWest, through its DivcoWest Fund IV, has purchased the 670,000-sq.-ft. One Kendall Square in Cambridge, Mass. for a reported $395 million to beef up its technology-based office holdings.
A 2013 review report by commercial real estate services firm Avison Young shows that when comparing the U.S. office and industrial markets to Canadian ones, U.S. properties last year showed strong growth, in large part due to the lack of supply from constrained construction lending.
The Green Lease Leaders Recognition Program kicks off this week. The program, sponsored by the Department of Energy’s (DOE) Better Building Alliance, will provide brokers, landlords and tenants who create sustainability-infused leases the chance to add a marketable “Green Lease Leader” seal after their name. To apply, brokers must provide examples of their green leases to the Washington, D.C.–based Institute for Market Transformation, which will manage the recognition program for the DOE.
Phoenix-based Vestar recently spent $125.5 million to buy about 65 percent of Orchard Town Center in Westminster, Colo., from Forest City Enterprises Inc., and the buyer plans to upgrade, rebrand and expand the open-air retail property.