Property Types Industrial
In N.Y., Century-Old Metalwork Shop Gives Way to Luxury Condos
May 16, 2008
Source: New York Times

One of the last vestiges of turn-of-the-twentieth-century New York is closing its doors. John DeLorenzo and Bro., a SoHo metalwork shop that has been open 100 years, will make way for a luxury condominium development.

A developer has said it will buy the DeLorenzos' one-story building on Grand Street near Broadway. Next Thursday will be its last day in business, and the owner told the New York Times that the price the building fetched was more than the business ever made in total.

 
Recent Industrial Headlines
Printer Snaps Up 54,000-SF Orange County Industrial
Oct. 13, 2008
Ownership of the 54,000-square-foot industrial facility at 2341 N. Pacific St. in Orange, Calif., recently changed hands in a deal between Fisher Printing Inc. and Vanderplow Properties.
ProLogis Takes 300,000 SF near Tokyo
Oct. 13, 2008
ProLogis Japan Properties Fund II has acquired a $65 million portfolio near Tokyo, it has reported. The deal includes three buildings totaling 300,000 square feet, all fully leased to three separate Japanese companies, located in Akishima City, a logistics hub approximately 50 kilometers from Tokyo's central business district.
Logistics Company Inks 720,000-SF Industrial Lease in Suburban Detroit
Oct. 10, 2008
Comprehensive Logistics Co. has signed a lease for approximately 718,700 square feet of space in Romulus, Mich., at the Northline Industrial Center, a 1 million-square-foot warehouse facility located at 38481 Huron River Dr., about 25 miles west of Detroit.
Houston Firm Bought in August Sells Manufacturing Facility
Oct. 10, 2008
Less than two months after being absorbed by a Russian manufacturer, the largest independent tubular manufacturer in North America, John Maneely Co. (JMC), has sold its 188,800-square-foot facility in eastern Houston to Miami-based Elite Sales Inc., an importer and wholesale distributor of wire rope, cable, strand, chain and hardware, for an undisclosed amount.
HFF Arranges $97M Refi for Industrial Portfolio
Oct. 10, 2008
The Dallas office of Holliday Fenoglio Fowler L.P. has secured $97.5 million in refinancing for a seven-property industrial portfolio comprising 2.2 million square feet in Florida, New Jersey, Oregon and Texas.
 

 

Financial Market Update: After the Bell -Friday, Oct. 10
October 10, 2008
By Dees Stribling, Contributing Editor -- Investors usually pay lip service to long-term investing, but in times of crisis the reality is sell - everything - now! Panic was the order of the day on Wall Street, which saw the...

Federal Capital Partners Closes $230M Fund, Will Seek Debt Investments
October 10, 2008
By Gail Kalinoski, Contributing Editor -- Armed with a $230 million private equity fund that could allow up to $900 million in investments, Federal Capital Partners said it would continue to seek deals on value-added assets, but would also move...

HFF Arranges $97M Refi for Industrial Portfolio
October 10, 2008
By Coreen Bailor, Research Editor -- The Dallas office of Holliday Fenoglio Fowler L.P. has secured $97.5 million in refinancing for a seven-property industrial portfolio comprising 2.2 million square feet in Florida, New Jersey, Oregon and Texas. The cluster of...

D.C. Office Market Flat Despite Financial Chaos: Report
October 10, 2008
By Elena Gontar, Staff Writer -- The modest second quarter growth rates experienced in Washington, D.C., and Northern Virginia evaporated in the third quarter, according to a CB Richard Ellis Inc. report. The entire region saw an essentially flat market...

Fed, Central Banks Cut Rates
October 08, 2008
By Tom Dworetzky, News Editor -- The Federal Reserve has cut its key rate from 2 percent to 1.5 percent. The response, an effort to stem mounting losses in the markets around the world, is part of a move that...

Management Matters with Mike Myatt: Are Recruiters Effective?
October 10, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Sourcing tier one talent is an issue for all businesses. I was recently asked if recruiters are effective, or if they're worth the investment. Since my firm has a talent management practice which...

Management Matters with Mike Myatt: Partisan Politics Not Always Bad
October 03, 2008
The truth about partisan politics is that contrary to public opinion, it's not always a bad thing. Likewise, bipartisan efforts don't always reflect altruistic behavior and selfless acts. From my perspective, it isn't necessarily the stance you take, but rather...

Management Matters with Mike Myatt: Facing Up to Rogue CEOs
September 26, 2008
By: Mike Myatt, Chief Strategy Officer, N2growth --Rogue CEOs. Given the recent failures of banks and financial institutions previously thought to be untouchable, there has been a tremendous amount of justifiable venom being spewed at the CEOs of these firms....

When to Consider Corporate Restructuring
September 19, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Times are tough, and they're likely to get tougher, so my question is this; Should you, or should you not, consider a move toward corporate re-engineering? Whether directly or indirectly, your business will...

Expectation Alignment Key to 'Promise Management'
September 05, 2008
by Mike Myatt, Chief Strategy Officer, N2growth --The art and science behind making commitments and managing expectations has always been a critical skill set for senior executives and entrepreneurs to master. In fact, understanding how to come out on the...