LogiReal News Portal

Prologis, Inc. (NYSE: PLD), the leading global owner, operator and developer of industrial real estate, today announced it has signed a build-to-suit agreement for more than 1.2 million square feet (111,484 square meters) with a leading food and beverage company and repeat customer. Construction is scheduled to begin in January 2013.

Goodman Group (Goodman or Group) today announces that it has entered into a joint venture (Joint Venture or JV) with WTORRE, one of Brazil’s leaders in the development and construction of industrial warehouse and logistics facilities and commercial real estate. The Joint Venture will undertake the development of prime logistics and industrial properties on a 50/50 basis in key markets throughout Brazil.

STAG Industrial, Inc. (NYSE:STAG) today announced the acquisition of a warehouse and distribution facility containing a total of 217,000 square feet located in Springfield, Massachusetts and a light manufacturing and warehouse facility containing a total of 108,000 square feet located in Sterling Heights, Michigan.  The properties were acquired in two separate transactions for a total of approximately $13.4 million. 

China is evolving from an export-driven manufacturing economy to a more balanced consumer-driven developed economy, and its logistics landscape is under pressure to adapt, according to new research by Jones Lang LaSalle. China’s evolution has driven three key trends: the rise of the domestic middle class, rising wages and diminished cost advantages in manufacturing, as well as the rapid development of domestic infrastructure. And these trends are creating long-term opportunities for U.S. companies.