ProLogis and AMB Present at Goldman Conference
December 7, 2009
ProLogis and AMB presented at the Goldman Sachs Commercial Real Estate Symposium in New York. Despite the risks that still exist, both groups are seeing more reasons to be optimistic.
One interesting point on the webcast was that even through the peak, there were not that many large industrial portfolios that were backed by CMBS, and [...]
CPS 3rd Quarter Update and Thoughts on Leasing Activity
November 13, 2009
CPS emailed us their 3rd quarter Silicon Valley update. It’s a pretty good report that is a bit different than the typical quarterly report which just puts up vacancy and rental rates for each sub-market in that it stratifies the supply in the market, and also goes a bit beyond just a table of rents [...]
Read More >>365,000 SF Former Mervyn’s Distribution Facility in Fremont For Sale or Lease
February 13, 2009
The former Mervyn’s distribution facility in Fremont has been put up for sale, or lease. The asset is approximately 365K SF, and sits on a 31.5 acre parcel. There is approximately 26K SF of Office, with the balance 25′-32′ clear height warehouse was was built in 1990. The address is 48200 Fremont Blvd.
The owner is [...]
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 [...]
