Monthly Archives: June 2011

Drivers of Industrial Demand


In April and May, every statistic that is relevant to demand for industrial space has decelerated. Industrial production grew just 0.1 percent after growing 0.4 percent in the first quarter and averaging 1.6 percent quarterly in 2010. The ISM index … Continue reading

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Voit, Grubb & Ellis Broker REO Sale of Industrial Building in Cerritos, Calif.


Bank of America has sold a 64,318 sq. ft. industrial warehouse for $4.3 million in Cerritos, Calif. in a real estate owned (REO) transaction. The buyer, 16205 Distribution Way LLC, is a wholesaler of teas and spices that had previously … Continue reading

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Major Augusta exporter DSM Chemicals looks to expansion


DSM Chemicals North America, one of the largest exporters in Augusta, Ga., is back up to 350 employees and 200 contract workers and is looking at expansion, reports the Augusta Chronicle. The company creates caprolactam, the main raw material for … Continue reading

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2 Georgia counties on list for 400 MW solar project


By Kristi E. Swartz The Atlanta Journal-Constitution A fledgling solar company based in Florida is eyeing two Georgia counties for an ambitious$1.4 billion, 400-megawatt solar project. Melbourne-based National Solar Power is considering Sumter and Tatnall counties for the project, five … Continue reading

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Report: Office and industrial vacancy rates fall in Las Vegas


Brokerage firm interprets numbers as meaning Las Vegas starting to attract tenants By Buck Wargo The office and industrial vacancy rates in the Las Vegas area fell during the second quarter, prompting a brokerage firm to suggest the city is … Continue reading

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Scientific Conservation snatching up Servidyne in $13M buy


Scientific Conservation Inc. will buy Atlanta-based Servidyne Inc. in a deal worth about $12.9 million. San Francisco-based Scientific Conservation, which makes energy-management analytics software aimed at energy efficiency for the commercial building market, will pay $3.50 a share in an all-cash … Continue reading

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Saab in $40 million property deal to help pay debt


STOCKHOLM — Crisis-hit car maker Saab has struck a $40 million deal to sell and lease back property in an effort to improve its ailing finances that have forced it to halt production and withhold workers’ salaries. If approved by … Continue reading

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