DHL Killing US Ops; Bad News For ProLogis
November 10, 2008
DHL announced today that it is terminating its US domestic operations, and along with it 9500 jobs. Deutsche Post, which owns DHL, announced it is halting all domestic US ground and air operations after mounting losses. DHL has already cut some 5,000 jobs this year, and this announcement will cut a further 9500, bringing the [...]
Read More >>SFO Logistics Center Sells To Centrum
August 13, 2008
Centrum Properties and Angelo, Gordon, & Co. purchased SFO Logistics Center from the GSA for roughly $72M. The price also included an adjacent 5 acre parcel which the buyers will use to improve accessibility to the warehouse, in addition to building an additional 50K SF of industrial space on.
The logistic center/warehouse is approximately 571K SF [...]