Property Types Industrial
Alter Sells 2 Phoenix Industrial Properties for $41M
May 9, 2008

The Alter Group has sold two distribution buildings totaling 684,000 square feet at its 162-acre Buckeye Logistics Center in Phoenix. Principal Financial Group Inc. acquired the properties for a total of $41 million. The first building was a 309,500-square-foot warehouse which sold for $18.2 million, while the other, at 380,700 square feet, was sold for $22.9 million. With the first phase of Buckeye Logistics Center now complete, The Alter Group is planning the next speculative phase. According to Gallagher, construction of another building could begin in the first quarter of 2009.

 
Recent Industrial Headlines
ProLogis to Increase Presence in Fort Worth with New 2MSF Park
May 16, 2008
Later this year, Denver-headquartered ProLogis will commence development of ProLogis Park Fort Worth on a 130-acre site in the North Fort Worth submarket. At full build-out the industrial complex will encompass seven structures containing a total of 2.1 million square feet of distribution space.
In N.Y., Century-Old Metalwork Shop Gives Way to Luxury Condos
May 16, 2008 - Source: New York Times
The SoHo shop John DeLorenzo and Bro. has been deemed more valuable closed than open.
donovan Second, Third-Tier Cities New Hotspots for Corporate Development: Report
May 16, 2008
Second-, and even third-tier cities, should be on corporations’ radar screens. They are good places to locate new manufacturing plants, call centers and IT hubs, a study on corporate development hot spots has concluded.
Financing in Place for Flex Property in Poway
May 16, 2008
With a $21 million loan in hand from Wrightwood Capital, the Emri Group will acquire a 144,000-square-foot flex building in Poway, Calif., about 20 miles outside of San Diego.
New Studio to Be Built Near Hollywood
May 15, 2008
The United States' largest independent movie studio, a $125 million facility, is slated to break ground in April, 2009, with a projected 18-month construction period, Commonwealth Studios has announced.
 

 

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