This document provides an industrial market trends report for the Greater Columbus region for Q2 2012. It finds that the industrial market recorded its fifth consecutive quarter of strong positive absorption, with over 1.4 million square feet absorbed. Over 750,000 square feet of construction projects were completed this quarter and another 425,000 square feet began construction. Major leases were signed by Jacobson Warehouse and Closed Loop Refining & Recovery. The report also notes continued construction and leasing activity, stable rental rates, and a moderate pace of economic growth in the region according to the Federal Reserve Bank of Cleveland.
The industrial market in the Greater Columbus region continued to see strong leasing activity in Q1 2012, with over 1.2 million square feet of positive absorption. The vacancy rate dropped to 10.9%, the lowest since 2007. Several large leases were signed, including Innotrac taking 434,000 sq ft and Shasta Beverage taking 134,000 sq ft. Rental rates for warehouse/distribution space remained flat, while rates for R&D/Flex space increased for the third consecutive quarter. The regional industrial economy saw stable or moderately higher new orders and production among manufacturers.
The industrial market in the Greater Columbus region saw positive absorption of 52,000 square feet in Q4 2011, led by Zulily leasing over 737,000 square feet at 3051 Creekside Parkway. There were also several significant investment sales, including KTR Capital Partners purchasing five properties totaling over 2.5 million square feet from Allianz Life Insurance Co. for $62 million. Vacancy rates remained stable at 11.9% while rental rates also remained stable compared to previous quarters. Construction activity decreased compared to previous quarters.
The industrial real estate market in the Greater Columbus region saw positive growth in Q3 2011, with over 1.8 million square feet of positive absorption. Vacancy rates edged up slightly but rental rates also increased slightly. Several large developments were underway or recently completed, including expansions by existing tenants, indicating an expansionary phase in the industrial market. However, concerns about a potential double dip recession persist given unemployment rate increases at the national, state and local levels.
annually. All three sources point to a consumer
that is cautious but spending. The consumer
Europe/Middle East/Africa: 170
The Columbus retail market saw moderate confidence index rose in December to its highest Asia Pacific: 161
positive absorption of 108,000 square feet in Q4 level since July. Gallup’s weekly consumer
2011, with vacancy rates decreasing slightly. spending poll shows spending steady to up slightly.
Larger property sales included a 443,000- The Beige Book noted that consumer spending
square-foot power center for $80 million and a was flat to up modestly across most of the Federal
120,000-square-foot strip center for $
The Columbus retail market finished Q1 2011 with strong positive absorption of 198,898 square feet and a vacancy rate decline to 11.5%, driven by continued employment gains and consumer spending increases. Several new retail projects were completed in the quarter including a Hobby Lobby in Polaris and the first phase of Grandview Yard, while construction began on a new Rave cinema. Overall market fundamentals remained positive with rental rates increasing across most property types.
This document proposes amendments to Cook County's ordinance regarding permit fees for the Department of Building and Zoning. Key changes include increasing initial contractor registration fees to $105 and renewal fees to $52.50. Annual inspections would be $63 per hour per inspector. Public entities and non-profits would have fees waived or pay 10% of standard fees. Zoning fee schedules are revised for map amendments, special uses, variations and other zoning petitions. Fees are also established for land uses not involving buildings, such as sanitary land fills, quarries and golf courses. Building permit fees are specified for single family homes, general residence districts, business districts and manufacturing districts.
The Columbus region office market saw slight negative absorption of 18,000 square feet in Q1 2012, leaving the vacancy rate at 12.1%. Westerville submarket gains absorption with 26,000 square feet absorbed, while Arlington/Grandview lost 36,000 square feet. Notable leases included Cott Systems taking 19,000 square feet in Westerville and ASK Chemicals leasing 16,000 square feet in Dublin. The employment and construction outlooks remain positive with several large projects underway or planned.
The document provides an industrial property report for North County San Diego for Q1 2013. It summarizes key metrics for several cities including Carlsbad, Escondido, Oceanside, San Marcos, and Vista. Vacancy rates decreased across most cities. Net absorption was positive at 77k sf. Average rental rates were $0.68 per sf and average sale prices were $97 per sf. Several industrial property sales and leases were also noted.
The industrial market in the Greater Columbus region continued to see strong leasing activity in Q1 2012, with over 1.2 million square feet of positive absorption. The vacancy rate dropped to 10.9%, the lowest since 2007. Several large leases were signed, including Innotrac taking 434,000 sq ft and Shasta Beverage taking 134,000 sq ft. Rental rates for warehouse/distribution space remained flat, while rates for R&D/Flex space increased for the third consecutive quarter. The regional industrial economy saw stable or moderately higher new orders and production among manufacturers.
The industrial market in the Greater Columbus region saw positive absorption of 52,000 square feet in Q4 2011, led by Zulily leasing over 737,000 square feet at 3051 Creekside Parkway. There were also several significant investment sales, including KTR Capital Partners purchasing five properties totaling over 2.5 million square feet from Allianz Life Insurance Co. for $62 million. Vacancy rates remained stable at 11.9% while rental rates also remained stable compared to previous quarters. Construction activity decreased compared to previous quarters.
The industrial real estate market in the Greater Columbus region saw positive growth in Q3 2011, with over 1.8 million square feet of positive absorption. Vacancy rates edged up slightly but rental rates also increased slightly. Several large developments were underway or recently completed, including expansions by existing tenants, indicating an expansionary phase in the industrial market. However, concerns about a potential double dip recession persist given unemployment rate increases at the national, state and local levels.
annually. All three sources point to a consumer
that is cautious but spending. The consumer
Europe/Middle East/Africa: 170
The Columbus retail market saw moderate confidence index rose in December to its highest Asia Pacific: 161
positive absorption of 108,000 square feet in Q4 level since July. Gallup’s weekly consumer
2011, with vacancy rates decreasing slightly. spending poll shows spending steady to up slightly.
Larger property sales included a 443,000- The Beige Book noted that consumer spending
square-foot power center for $80 million and a was flat to up modestly across most of the Federal
120,000-square-foot strip center for $
The Columbus retail market finished Q1 2011 with strong positive absorption of 198,898 square feet and a vacancy rate decline to 11.5%, driven by continued employment gains and consumer spending increases. Several new retail projects were completed in the quarter including a Hobby Lobby in Polaris and the first phase of Grandview Yard, while construction began on a new Rave cinema. Overall market fundamentals remained positive with rental rates increasing across most property types.
This document proposes amendments to Cook County's ordinance regarding permit fees for the Department of Building and Zoning. Key changes include increasing initial contractor registration fees to $105 and renewal fees to $52.50. Annual inspections would be $63 per hour per inspector. Public entities and non-profits would have fees waived or pay 10% of standard fees. Zoning fee schedules are revised for map amendments, special uses, variations and other zoning petitions. Fees are also established for land uses not involving buildings, such as sanitary land fills, quarries and golf courses. Building permit fees are specified for single family homes, general residence districts, business districts and manufacturing districts.
The Columbus region office market saw slight negative absorption of 18,000 square feet in Q1 2012, leaving the vacancy rate at 12.1%. Westerville submarket gains absorption with 26,000 square feet absorbed, while Arlington/Grandview lost 36,000 square feet. Notable leases included Cott Systems taking 19,000 square feet in Westerville and ASK Chemicals leasing 16,000 square feet in Dublin. The employment and construction outlooks remain positive with several large projects underway or planned.
The document provides an industrial property report for North County San Diego for Q1 2013. It summarizes key metrics for several cities including Carlsbad, Escondido, Oceanside, San Marcos, and Vista. Vacancy rates decreased across most cities. Net absorption was positive at 77k sf. Average rental rates were $0.68 per sf and average sale prices were $97 per sf. Several industrial property sales and leases were also noted.
Nikitha R is seeking a challenging career that utilizes her technical and analytical skills. She has 3 months of experience as an assurance consultant at Ernst & Young performing audit procedures and preparing work papers. Additionally, she worked as an article assistant for 6 months at one firm and 3 years at another performing account maintenance, tax audits, tax return preparation, and client representation. Nikitha obtained degrees in commerce and has skills in accountancy, auditing, taxation, and computer programs. She held leadership roles and received awards for her achievements in various activities.
The JHBG President's message discusses upcoming improvements to an interior courtyard and building windows. It also provides an update on the Jackson Heights Neighborhood Transportation Study and concerns about the recommendations. Specifically, it notes the rerouting of buses, changes to parking regulations, and the closure of 37th Road to create a street plaza.
- Banco Santander reported strong financial results for the first half of 2014, with attributable profit up 22.2% year-on-year driven by improved customer business, cost control, and reduced provisions.
- Key metrics like net interest income, pre-provision profit, and attributable profit all increased between 3.7-40.1% compared to prior periods.
- The bank maintained a strong balance sheet with CET1 ratio of 10.9% and total capital ratio of 12.1%, well above minimum requirements. Non-performing loans declined and coverage ratios improved.
- Santander continued transforming its retail banking strategy by expanding programs like Santander Advance, Santander Trade Club, and Santander
Ist Ihr Unternehmen ein attraktiver Arbeitgeber? Nutzen Sie zeitgemäße Möglichkeiten, dieses deutlich genug zu kommunizieren? Gerne sind wir behilflich, die Arbeitgebermarke Ihres Unternehmens mit Ihnen herauszubilden. Unser speziell entwickeltes, modulares Leistungsangebot, welches genau auf Ihr Unternehmen angepasst werden kann, nutzt wirksame Methoden, um Sie als Arbeitgeber optimal zu präsentieren.
Sprechen Sie uns einfach an. Wir beraten Sie gern in den Möglichkeiten, Ihr Unternehmen als attraktiven Arbeitgeber darzustellen. Kontaktieren Sie uns via http://www.arbeitgeber-zukunft.de Wir freuen uns darauf, von Ihnen zu hören!
This document provides an overview of next-generation user interface technologies for mobile and consumer devices. It discusses technologies such as gesture recognition, eye tracking, touch screens, speech recognition, security biometrics, sensors, image processing, and virtual/augmented reality. The document also summarizes relevant M&A transactions in this sector and highlights private technology companies working in these areas. User interface technologies are becoming increasingly important for differentiating consumer electronics, and many large tech companies have already made acquisitions in this space. There is likely to continue being robust M&A activity over the next few years for companies developing next-generation interfaces.
Motorcycle First Responder - What is Accident Scene Management? Why is CPR and traditional First Aid not enough? Accident Scene Management is the leading motorcycle trauma training organization in the world. ASM has been teaching motorcyclists and Emergency workers since 1996 using a simple formula called PACT.
The document describes Upfront Foods, a company that produces organic granola. It offers three varieties of granola made from organic oats and other natural ingredients like nuts, dried fruit, and maple syrup. The granola comes in single-serving pouches with an 8-month shelf life. The company was founded by Gigi Twist and is committed to using only simple, high-quality ingredients and transparent packaging. Both kids and parents provide positive feedback about the granola.
Zinnov Confluence 2014 : US Chapter : Summary of conference final uploaded in...Zinnov
The document provides an agenda and summaries for a conference on the future of engineering. The agenda includes keynote speeches on macro trends driving change in engineering, panels on driving global engineering excellence and evolving engineering leadership styles. It also includes breakout sessions on topics like women in leadership, attracting top technical talent, solving problems at scale, and shaping new product development. The summaries highlight that engineering must adapt to trends like mobility, cloud, and data-driven product management. Success requires balancing delivery and innovation, as well as exploring disruptive technologies.
The document discusses end user experience monitoring (EUM) and its importance. It outlines different types of EUM including synthetic (active) monitoring and real user monitoring (passive). The agenda then provides an example of challenges faced by a police department in monitoring user experience. It details the various infrastructure components that should be monitored including DNS servers, load balancers and more. Finally, it shows screenshots of the monitoring dashboard and provides best practices for configuring alerts and monitoring thresholds.
The document is a cover letter from Roy Green applying for a position. Roy highlights his extensive experience in data analysis, administration, operations management, and customer service spanning over 20 years. He provides a detailed resume summarizing his relevant skills and accomplishments to demonstrate how he is well-qualified for the open role.
This document is a magazine from Eastern Wyoming College (EWC) called Lancer Luminaries that provides updates on the college. It discusses the EWC president's vision for the future of the college, which includes strengthening agricultural programs and developing a new campus. It also discusses the EWC Foundation's support of the college, including assisting with potential new agricultural facilities. Additionally, it provides an overview of EWC's cosmetology program, tracing its history from a small initial program to a thriving current program that offers degrees and certificates in cosmetology fields.
This document provides an overview and agenda for a presentation on upgrading Oracle Enterprise Manager from 12c to 13c. The key topics to be covered include the benefits of upgrading, the deployment and configuration process for EM 13c, techniques for managing downtime during upgrades using zero downtime patching and edition based redefinition, and best practices for standardizing and deploying agent upgrades using gold images. Preparation steps like collecting diagnostics, planning the upgrade path, and backing up the software repository are also recommended.
03 bendl austrian ministry of economy_abstract_day 1_ecc2012ClusterExcellence
The document discusses clusters and networks in Austria's R&D and innovation policy. It makes three key points:
1. Austria has developed a broad system of research funding to support innovation, spending over €8 billion in 2011. Clusters are an effective tool for cooperation between companies and with research institutions.
2. Austria was an early mover in cluster policy in Europe. There are now around 50 regional clusters involving nearly 4,000 companies generating €80 billion in revenue. Clusters support competitiveness, growth, and employment.
3. The National Cluster Platform facilitates cooperation and contributes to R&D policy. It has working groups on topics like innovation, research, internationalization, and knowledge services.
NJFuture Redevelopment Forum 13 Building Capacity AldermanNew Jersey Future
The document summarizes key details of the redevelopment of the Bayonne Crossing site in New Jersey, including:
- The $82 million project remediated 30.5 acres of contaminated land and constructed 11 buildings totaling 356,500 square feet of space, creating over 900 jobs.
- Over 1,000 construction jobs were involved and large amounts of contaminated soil, steel, and concrete were removed and recycled from the site.
- The project involved extensive public-private partnerships between the City of Bayonne and various state agencies to obtain necessary approvals, permits, and $82 million in financing over more than a decade of planning and construction.
The document provides an overview of office market trends in the Columbus region for Q2 2012. It finds that while absorption was positive at 32,000 square feet, vacancy increased due to a large vacancy in the Easton submarket. Asking rental rates have steadily increased over the past year. Market activity picked up compared to Q1 2012, though leasing volume was still below past years. The unemployment rate in Columbus fell to 6.1% in May. Key employment sectors like education/health and finance saw growth. Overall, the report finds more activity in the office market but little gain in reducing vacancy rates.
This document provides a 10-year development plan and project list for the Three Rivers Area Enterprise Park in Michigan. It outlines 8 projects to further develop the industrial park, including completing a road extension, installing a walking trail, expanding infrastructure in phases, acquiring additional land, and preparing for future building construction. The total estimated cost of these projects is $2.3 million, which will be funded through tax increment financing using a portion of increased property taxes from new businesses in the park. A public hearing will be held on December 4th, 2012 to review and renew the development plan.
The Columbus retail market saw a dip in the first quarter of 2012 with negative absorption of 123,632 square feet, primarily in the Southeast, Northwest, and Northeast submarkets. The vacancy rate increased to 11.1% while rental rates fell for big box, community, and anchored strip centers. Several retailers are closing stores including Sears, Kmart, Best Buy, and The Great Indoors, while Cabela's will be opening its first Ohio store in Polaris. Construction is underway on projects like the New Market Mall renovation and a 30,000 square foot community center in the Northwest submarket.
The document provides an industrial property report for North County San Diego for Q1 2013. It summarizes key metrics for several cities including Carlsbad, Escondido, Oceanside, San Marcos, and Vista. Vacancy rates decreased across most cities. Net absorption was positive at 77k sf. Average rental rates were $0.68 per sf and average sale prices were $97 per sf. Several industrial property sales and leases were also noted.
Nikitha R is seeking a challenging career that utilizes her technical and analytical skills. She has 3 months of experience as an assurance consultant at Ernst & Young performing audit procedures and preparing work papers. Additionally, she worked as an article assistant for 6 months at one firm and 3 years at another performing account maintenance, tax audits, tax return preparation, and client representation. Nikitha obtained degrees in commerce and has skills in accountancy, auditing, taxation, and computer programs. She held leadership roles and received awards for her achievements in various activities.
The JHBG President's message discusses upcoming improvements to an interior courtyard and building windows. It also provides an update on the Jackson Heights Neighborhood Transportation Study and concerns about the recommendations. Specifically, it notes the rerouting of buses, changes to parking regulations, and the closure of 37th Road to create a street plaza.
- Banco Santander reported strong financial results for the first half of 2014, with attributable profit up 22.2% year-on-year driven by improved customer business, cost control, and reduced provisions.
- Key metrics like net interest income, pre-provision profit, and attributable profit all increased between 3.7-40.1% compared to prior periods.
- The bank maintained a strong balance sheet with CET1 ratio of 10.9% and total capital ratio of 12.1%, well above minimum requirements. Non-performing loans declined and coverage ratios improved.
- Santander continued transforming its retail banking strategy by expanding programs like Santander Advance, Santander Trade Club, and Santander
Ist Ihr Unternehmen ein attraktiver Arbeitgeber? Nutzen Sie zeitgemäße Möglichkeiten, dieses deutlich genug zu kommunizieren? Gerne sind wir behilflich, die Arbeitgebermarke Ihres Unternehmens mit Ihnen herauszubilden. Unser speziell entwickeltes, modulares Leistungsangebot, welches genau auf Ihr Unternehmen angepasst werden kann, nutzt wirksame Methoden, um Sie als Arbeitgeber optimal zu präsentieren.
Sprechen Sie uns einfach an. Wir beraten Sie gern in den Möglichkeiten, Ihr Unternehmen als attraktiven Arbeitgeber darzustellen. Kontaktieren Sie uns via http://www.arbeitgeber-zukunft.de Wir freuen uns darauf, von Ihnen zu hören!
This document provides an overview of next-generation user interface technologies for mobile and consumer devices. It discusses technologies such as gesture recognition, eye tracking, touch screens, speech recognition, security biometrics, sensors, image processing, and virtual/augmented reality. The document also summarizes relevant M&A transactions in this sector and highlights private technology companies working in these areas. User interface technologies are becoming increasingly important for differentiating consumer electronics, and many large tech companies have already made acquisitions in this space. There is likely to continue being robust M&A activity over the next few years for companies developing next-generation interfaces.
Motorcycle First Responder - What is Accident Scene Management? Why is CPR and traditional First Aid not enough? Accident Scene Management is the leading motorcycle trauma training organization in the world. ASM has been teaching motorcyclists and Emergency workers since 1996 using a simple formula called PACT.
The document describes Upfront Foods, a company that produces organic granola. It offers three varieties of granola made from organic oats and other natural ingredients like nuts, dried fruit, and maple syrup. The granola comes in single-serving pouches with an 8-month shelf life. The company was founded by Gigi Twist and is committed to using only simple, high-quality ingredients and transparent packaging. Both kids and parents provide positive feedback about the granola.
Zinnov Confluence 2014 : US Chapter : Summary of conference final uploaded in...Zinnov
The document provides an agenda and summaries for a conference on the future of engineering. The agenda includes keynote speeches on macro trends driving change in engineering, panels on driving global engineering excellence and evolving engineering leadership styles. It also includes breakout sessions on topics like women in leadership, attracting top technical talent, solving problems at scale, and shaping new product development. The summaries highlight that engineering must adapt to trends like mobility, cloud, and data-driven product management. Success requires balancing delivery and innovation, as well as exploring disruptive technologies.
The document discusses end user experience monitoring (EUM) and its importance. It outlines different types of EUM including synthetic (active) monitoring and real user monitoring (passive). The agenda then provides an example of challenges faced by a police department in monitoring user experience. It details the various infrastructure components that should be monitored including DNS servers, load balancers and more. Finally, it shows screenshots of the monitoring dashboard and provides best practices for configuring alerts and monitoring thresholds.
The document is a cover letter from Roy Green applying for a position. Roy highlights his extensive experience in data analysis, administration, operations management, and customer service spanning over 20 years. He provides a detailed resume summarizing his relevant skills and accomplishments to demonstrate how he is well-qualified for the open role.
This document is a magazine from Eastern Wyoming College (EWC) called Lancer Luminaries that provides updates on the college. It discusses the EWC president's vision for the future of the college, which includes strengthening agricultural programs and developing a new campus. It also discusses the EWC Foundation's support of the college, including assisting with potential new agricultural facilities. Additionally, it provides an overview of EWC's cosmetology program, tracing its history from a small initial program to a thriving current program that offers degrees and certificates in cosmetology fields.
This document provides an overview and agenda for a presentation on upgrading Oracle Enterprise Manager from 12c to 13c. The key topics to be covered include the benefits of upgrading, the deployment and configuration process for EM 13c, techniques for managing downtime during upgrades using zero downtime patching and edition based redefinition, and best practices for standardizing and deploying agent upgrades using gold images. Preparation steps like collecting diagnostics, planning the upgrade path, and backing up the software repository are also recommended.
03 bendl austrian ministry of economy_abstract_day 1_ecc2012ClusterExcellence
The document discusses clusters and networks in Austria's R&D and innovation policy. It makes three key points:
1. Austria has developed a broad system of research funding to support innovation, spending over €8 billion in 2011. Clusters are an effective tool for cooperation between companies and with research institutions.
2. Austria was an early mover in cluster policy in Europe. There are now around 50 regional clusters involving nearly 4,000 companies generating €80 billion in revenue. Clusters support competitiveness, growth, and employment.
3. The National Cluster Platform facilitates cooperation and contributes to R&D policy. It has working groups on topics like innovation, research, internationalization, and knowledge services.
NJFuture Redevelopment Forum 13 Building Capacity AldermanNew Jersey Future
The document summarizes key details of the redevelopment of the Bayonne Crossing site in New Jersey, including:
- The $82 million project remediated 30.5 acres of contaminated land and constructed 11 buildings totaling 356,500 square feet of space, creating over 900 jobs.
- Over 1,000 construction jobs were involved and large amounts of contaminated soil, steel, and concrete were removed and recycled from the site.
- The project involved extensive public-private partnerships between the City of Bayonne and various state agencies to obtain necessary approvals, permits, and $82 million in financing over more than a decade of planning and construction.
The document provides an overview of office market trends in the Columbus region for Q2 2012. It finds that while absorption was positive at 32,000 square feet, vacancy increased due to a large vacancy in the Easton submarket. Asking rental rates have steadily increased over the past year. Market activity picked up compared to Q1 2012, though leasing volume was still below past years. The unemployment rate in Columbus fell to 6.1% in May. Key employment sectors like education/health and finance saw growth. Overall, the report finds more activity in the office market but little gain in reducing vacancy rates.
This document provides a 10-year development plan and project list for the Three Rivers Area Enterprise Park in Michigan. It outlines 8 projects to further develop the industrial park, including completing a road extension, installing a walking trail, expanding infrastructure in phases, acquiring additional land, and preparing for future building construction. The total estimated cost of these projects is $2.3 million, which will be funded through tax increment financing using a portion of increased property taxes from new businesses in the park. A public hearing will be held on December 4th, 2012 to review and renew the development plan.
The Columbus retail market saw a dip in the first quarter of 2012 with negative absorption of 123,632 square feet, primarily in the Southeast, Northwest, and Northeast submarkets. The vacancy rate increased to 11.1% while rental rates fell for big box, community, and anchored strip centers. Several retailers are closing stores including Sears, Kmart, Best Buy, and The Great Indoors, while Cabela's will be opening its first Ohio store in Polaris. Construction is underway on projects like the New Market Mall renovation and a 30,000 square foot community center in the Northwest submarket.
The document provides an industrial property report for North County San Diego for Q1 2013. It summarizes key metrics for several cities including Carlsbad, Escondido, Oceanside, San Marcos, and Vista. Vacancy rates decreased across most cities. Net absorption was positive at 77k sf. Average rental rates were $0.68 per sf and average sale prices were $97 per sf. Several industrial property sales and leases were also noted.
The document presents a proposal for a mixed-use development project at 79th & Biscayne consisting of 930 residential units, 183,995 square feet of retail space including a Trader Joe's, and 491,100 square feet of office space. It includes an analysis of the local market demographics, comparable properties, and financial assumptions for the construction loans and permanent financing. The projected internal rates of return range from 12.16% for parking to 23.09% for retail, with an overall IRR of 18.88% for the total development.
This document summarizes the state of the Miami-Dade office market in 2010 and provides a forecast for 2011. It discusses trends such as tenants moving to higher quality buildings while still being able to negotiate good lease terms. Large tenants made significant moves in 2010, increasing available sublease space. The forecast predicts continued flight to quality and slow economic recovery allowing small expansions. The document also provides statistics on vacancy rates, absorption, lease rates, and construction in different submarkets. It highlights some of the largest lease deals in 2010 and a featured property for lease.
At March's Member Meeting, Dwight Bassett, Economic Development Officer for the Town of Chapel Hill, spoke about current issues that face all of us as residents, Brokers, consumers, and businesses.
East bay office & flex space 1 q10 market report dpdanielpivnick
This document provides an overview of the East Bay office market for the first quarter of 2010. Key points include:
- The overall East Bay office market saw a small decrease in occupied space.
- Vacancy rates remained steady around 20% and rental rates were largely unchanged.
- Several large leases were signed by government agencies in Oakland.
- Investment activity was slow with just a few small building sales in Oakland and Alameda.
Flooring Solutions provides flooring installation and maintenance services for various project types including commercial, residential, healthcare, and more. They have extensive experience completing large projects for prominent clients in industries such as construction, healthcare, and government. Their completed projects range in size from 23,000 square feet to over 600,000 square feet and include work for well-known organizations like INOVA Healthcare, the EPA, and Capitol One.
The document analyzes the financial impact and redevelopment alternatives for properties at 350, 360, and 370 S. Washington Street in comparison to the existing uses and a proposed Wilden project. It considers alternative development scenarios at higher densities, measured in floor-area ratios (FAR) of 1.5, 2.5, and 3.0. Higher density developments of mixed office and retail uses could generate annual net revenues to the city of $426,000-$1.3 million, compared to $58,000 for existing uses. Lot consolidation and incentives are recommended to encourage high-quality, higher density redevelopment consistent with the comprehensive plan.
The Greater Cincinnati industrial market finished 2011 with over 1.1 million square feet of positive absorption in the fourth quarter, bringing the total year-to-date absorption to a positive 120,511 square feet. Vacancy ended the year at 9.3% with an average asking rate of $3.53 per square foot. Several significant leases and renewals were signed in the fourth quarter across various submarkets as construction remained focused on build-to-suit projects. The strong fourth quarter finish positions the market well entering 2012 despite some expected vacancy from large facility closings.
UV MEND and the SHARE Community Land Trust are working to develop affordable housing in the Upper Valley through the Meadowlark project. The 10-home Alpine Heights and 10-home Aldea Village projects have already been completed. Meadowlark will develop 51 homes and lots, with a projected $13 million in economic activity and $1.1 million in taxes and revenues for local governments. Funding is 97% committed for the $13.3 million project cost, with a $395,000 funding gap. Additional funding opportunities could cover the gap and lower home prices. Community support has exceeded the $150,000 goal to allow the project to proceed.
This document contains forward-looking statements about Linn Energy's business and operations. It warns that actual results could differ materially from expectations due to assumptions, risks, and uncertainties. Some of the risks mentioned include financial performance, access to capital, commodity prices, replacing reserves, and regulations. The document provides an overview of Linn Energy as an oil and gas company with large reserves and development opportunities across many regions. It also discusses the company's history of growth through billions of dollars in acquisitions.
The document provides information about three commercial properties for lease in Toronto:
1) Liberty Village property with 2,858 square feet available across two suites on the second floor from $15-18 per square foot.
2) The John Brunswick Building with nearly 32,000 square feet available across multiple suites ranging from $16 per square foot. It has limited parking.
3) Dufferin Liberty Centre with no details about available space provided.
Contact information is included for Mr. Chris Fyvie at Colliers International for further details on lease information.
The Columbus office market gained 195,000 square feet of positive absorption in Q3 2011, marking the second consecutive quarter of growth. Vacancy rates decreased slightly to 12.8% from 13.0% in the previous quarter. Notable leasing activity included JP Morgan Chase filling 72,588 square feet at 1000 Polaris Parkway. Construction continued on projects such as NetJets' 140,000-square-foot building and Water's Edge II in New Albany. The unemployment rate in Columbus remained steady at 8.2% in July.
Copy Of Investment Proposal The Bophut Building Boutique HotelRuss Blumenthal
This investment proposal outlines plans to convert an existing property in Bophut, Koh Samui, Thailand into a luxury boutique hotel. The proposal seeks $400,000-$800,000 from limited partners. If successful, the partnership aims to produce a 25% annual return over 5 years by purchasing the property below market value, renovating it, and professionally operating it as a high-end "HIP hotel". Projected cash flows assume increasing occupancy from 30% to 50% alongside 8% annual room rate growth will yield strong returns, especially if rates reach $195 or more per night.
The document summarizes CenterPoint Energy's annual report for shareholders. It discusses the company's solid financial performance in 2007, with operating income growing 13.5% and dividends increasing 13%. It highlights achievements and growth across the company's various energy delivery businesses, including natural gas distribution, interstate pipelines, and field services. It also covers the company's focus on meeting future energy needs through investments in infrastructure, energy efficiency, and renewable energy while creating long-term shareholder value.
Housing Retrofit & Economic Growth - A Community Green Deal - Anne-Marie Simp...sustainableCoRE
This document discusses the benefits of housing retrofit programmes in addressing climate change goals and stimulating economic growth. [1] Housing accounts for 27% of UK carbon emissions, and retrofitting 26 million homes is needed to meet carbon reduction targets, requiring improvements to 10,000 homes per week. [2] There is an estimated £106 billion market for retrofitting in the UK that could generate £2-3 billion annually. [3] A "Community Green Deal" approach is proposed to bring partners together to deliver retrofitting at scale through a building block process involving identifying opportunities, developing plans, collaboration, and establishing reinvestment funds.
Similar to Q22012 Columbus Industrial Market Trends (20)
The Columbus retail market saw positive absorption of 49,058 square feet in Q1 2013, continuing a trend of positive absorption over the past year. Vacancy decreased slightly to 10% as major leases were signed and new retailers entered the market. Construction activity remains high with over 170,000 square feet currently under development. The retail market is expected to continue slow, steady growth as new apartment construction brings additional retail demand.
The Columbus office market gained positive absorption for the fourth consecutive quarter. The vacancy rate is now 11.7%, and construction continues with several large projects starting. Rental rates have increased slightly for Class A and B spaces over the past quarter. The largest new leases were Cardinal Health expanding 61,128 sq ft and the FBI leasing 44,926 sq ft. The unemployment rate rose to 6.4% but remains lower than in previous years.
The Columbus office market gained positive absorption for the third quarter in a row. Construction continues to pick up with new projects starting. Vacancy rates fell slightly to 11.3% as absorption outpaced new construction. Investment sales remained strong in the fourth quarter, with several large portfolio and building sales. Rental rates increased over the course of 2012 for Class A and B spaces. The market outlook remains optimistic as leasing activity was higher than the average of prior fourth quarters.
The Columbus industrial market recorded strong positive absorption of over 1.4 million square feet in the fourth quarter and nearly 5 million square feet for the year. Notable construction projects were completed including a 418,655 square foot expansion and a 30,000 square foot building. Significant leases were signed including 185,000 square feet to Great Lakes and 168,850 square feet to Rogue Fitness. Overall vacancy rates decreased and rental rates remained stable with a slight increase for warehouse/distribution spaces.
The Cincinnati retail market closed out 2012 on a respectable note. The vacancy rate improved to 10.41% in the fourth quarter from 12.5% at the beginning of the year. There was 525,355 square feet of positive absorption in the last three quarters of 2012. Major developments are projected to boost the market in 2013, including the opening of the Horseshoe Casino in March and continued construction at The Banks project.
The Greater Cincinnati office market continued slowing in Q4 2012, with net absorption of -320,686 sq ft and vacancy rising to 20.03%. The Central Business District saw a small increase in positive absorption but not enough to offset the year's negative total. Most negative absorption occurred in the suburbs, pushing the suburban vacancy rate to 21.01%. Developers are starting to market and plan new construction projects as uncertainty from the previous year dissipates.
The Greater Cincinnati industrial market finished 2012 strongly, with positive absorption of 856,364 square feet in Q4. For the full year, net absorption was 624,477 square feet. The overall vacancy rate declined to 9.2% from 9.5% in Q3. Northern Kentucky submarkets performed particularly well, with over 1 million square feet of positive absorption for the year. Rental rates varied by submarket but averaged $3.37 per square foot overall. Limited new construction occurred, with demand expected to drive more development in 2013.
The Columbus retail market recorded positive net absorption of 108,252 square feet in the third quarter of 2012. Vacancy rates decreased slightly to 10.1% from 10.2% in the previous quarter. Notable leases included Nordstrom Rack leasing 36,250 square feet and Star Lanes leasing 35,000 square feet. Construction activity also increased with over 170,000 square feet of new space breaking ground in the past 90 days. The retail market in Columbus continues its recovery with improving absorption, rental, and construction trends.
The Columbus office market gained 233,000 square feet of positive absorption in Q4 2011, with vacancy decreasing to 12.2%. Construction has remained slow. Duke Realty sold 19 class A and B office properties totaling over 2 million square feet to Blackstone for $1.08 billion. The unemployment rate in Columbus dipped to 6.6% in November, and information, financial activities, and professional/business services employment increased or remained steady.
Columbus Knowledge thats Sells March 2012 colliersohio
1) The owners of the LeVeque Tower in downtown Columbus are investing up to $22 million to renovate the landmark skyscraper by adding a hotel and apartments.
2) Nationwide Children's Hospital opened a new $6.3 million sports medicine and orthopedic center in Dublin, Ohio, its second facility of this kind in the area.
3) Consumer confidence rose dramatically in February according to The Conference Board's Consumer Confidence Index, reaching its highest level since February 2011.
Columbus Knowledge thats Sells January 2012colliersohio
The document provides an overview of recent real estate, development, industrial, retail, and office news in central Ohio from January 2012. It discusses topics such as Sears receiving tax breaks to remain in the area, various commercial real estate sales and developments, expanding companies, and new restaurants and retailers opening locations. It also mentions community involvement by the local Colliers International office in supporting a homeless families foundation.
In Q4 2011, the Greater Cincinnati retail market saw strong demand and absorption. Net absorption for the quarter was 78,540 square feet, bringing yearly net absorption to 630,236 square feet and lowering the overall vacancy rate to 12.8%. Several major development and redevelopment projects were underway, including The Banks mixed-use project in downtown Cincinnati. Looking ahead to 2012, demand is expected to remain strong with vacancy rates projected to continue declining slightly.
The Greater Cincinnati office market finished the fourth quarter of 2011 relatively strong, with a modest amount of growth. The overall vacancy rate was 20.5% and net absorption for the quarter was 30,261 square feet, bringing year-to-date absorption to 50,163 square feet. Medical tenants were the most active, and this trend is expected to continue driving growth in 2012. Rental rates increased slightly to $18.03 per square foot. The Central Business District saw negative absorption of 33,758 square feet, and Chiquita's announced relocation out of Cincinnati will impact availability. Suburban submarkets saw over 64,000 square feet of net absorption led by the I-71 North Corridor with over 81
The Greater Cincinnati office market saw positive absorption of 449,759 square feet in Q1 2012, with the overall vacancy rate falling from 19.6% to 18.7%. The suburban submarkets saw the most activity, producing 458,355 square feet of absorption, while the CBD saw a net loss of 8,596 square feet. Construction activity is also picking up, with several new projects announced or underway, including dunnhumbyUSA's 250,000 square foot headquarters downtown. Overall, the first quarter results indicate the local office market is improving.
The Greater Cincinnati industrial market saw positive net absorption of 706,211 square feet in the first quarter of 2012, continuing the momentum from 2011. The overall vacancy rate is 9.2% and rental rates average $3.31 per square foot. Northern Kentucky submarkets accounted for 438,011 square feet of net absorption, led by 509,805 square feet at the Airport submarket. Construction of a 553,338 square foot speculative building in Monroe is ongoing. While the first quarter was strong, the industrial market is expected to level off for the remainder of the year.
Steiner & Associates acquired land for a new development called Liberty Towne Center. Al. Neyer Inc. purchased a property to use as parking for an adjacent building. BW Partners Ltd. bought land to develop Austin Business Park. Plans are underway for a 120-room hotel in Evanston and Connor Group is building a new headquarters center in Miamisburg. The Christ Hospital will expand with a new orthopedic tower and parking garage.
- Sears will remain in Chicago after receiving $125 million in tax breaks over 15 years.
- Steiner & Associates plans to break ground in 2014 on the first phase of a $300 million retail project in Liberty Township.
- The Jewish Hospital in Kenwood is planning a $100 million expansion project that will include a new wing and commence in 2013.
This document provides a summary of real estate and business news from the Greater Cincinnati area in February 2012. It includes over 50 brief updates on commercial real estate transactions, developments, leases, and other business activities across various sectors such as office, industrial, retail, and investment. Major developments include DHL's expansion adding over 180 jobs at CVG airport, DunnhumbyUSA building its new headquarters downtown, and Steiner & Associates planning a $300 million retail development in Liberty Township.
FirstService Corporation has acquired Colliers International's UK operations. Wellington Orthopaedic & Sports Medicine is moving to a larger space in Oxford, Ohio and will add physicians. Churchill Downs Inc. has formed a joint venture to purchase Lebanon Raceway and build a video lottery terminal facility and harness racetrack.
December Chain Store Sales comps increased by 3.5%,
slightly less than 2010. Combined with November results, Holiday 2011 sales were up
3.3%, a solid performance but less than the 3.8% sales growth generated last year. Boots,
colored denim, handbags, and luxury performed well while cold weather apparel and
sportswear lagged. Mobile devices, including smartphones and tablets, led in electronics.
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Q22012 Columbus Industrial Market Trends
1. Q2 2012 | INDUSTRIAL
GREATER COLUMBUS REGION
INDUSTRIAL TRENDS REPORT
Leasing and Construction Continue
INDUSTRIAL MARKET OVERVIEW
The Columbus industrial market recorded its fifth consecutive quarter of strong positive absorption.
More than 1.4 million square feet were absorbed this quarter. More than 750,000 square feet of
construction projects were completed, while another 425,000 square feet of construction began.
Major leases were signed by Jacobson Warehouse at 2450 Spiegel Drive for more than 455,000
square feet and Closed Loop Refining & Recovery leasing at 1675 Wakins Road for 289,000 square
feet.
MARKET INDICATORS
Q2 Q3
2012* 2012**
FORECASTS AND REFLECTION
VACANCY • Blackstone purchased a 65 property portfolio 227,480-square-foot 4401-4419 Equity Drive
from DEXUS Property Group which included were sold together in the same portfolio sale
NET ABSORPTION
six properties in the Columbus MSA. The for $19.6 million. The 156,641-square-foot
CONSTRUCTION — former 1,628,640-square-foot Whirlpool 2626 Port Road was sold for $2.3 million in
Warehouse at 6241 Shook Road in Lockbourne, this sale as well.
RENTAL RATES — — Ohio sold for $57.7 million. The 116,000-square- • Target began construction to expand its food
*Actual change from previous quarter foot 4343 Equity Drive, 144,850-square-foot distribution center in West Jefferson by
1901-1919 Dividend Drive, 227,480-square-foot 425,000 square feet. When completed, the
**Projected change from previous quarter
1614-1634 Westbelt Drive, and the facility will employ an additional 100 to 150
RENTAL RATES
PROPERTY TYPE VACANCY RATES OVER COMPLETIONS
WEIGHTED AVERAGE RENTAL RATES
Asking rental rates have
Rates for the Major Product Types
$7.00 17.0 2,500,000 generally been stable. Build-
$6.00
2.5 $2.20
16.0 2,000,000 to-suit construction has
$5.00
$2.15 added more than 2.2 million
2.0
$4.00 $2.10 15.0 1,500,000 square feet of space to the
$3.00 $2.05
1.5
14.0 1,000,000 market since third quarter
$2.00 $2.00
1.0 $1.95
2011. There are only 30
$1.00
13.0 500,000 spaces of 20,000 square feet
$0.00 $1.90
0.5
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 $1.85 Q2
Q1 12.0 0 or greater in R&D/Flex,
0 08 08 09 09 09 09 10 10 10 10 11 11 11 11 $1.80 12
12 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q Q2 Q3 Q4 Q1 Q2 mostly occurring in the
3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q10 4Q10
General Industrial R&D/Flex Warehouse/Dist. 11.0 08 08 09 09 09 09 10 10 10 10 11 11 11 11 12 12 (500,000) Southwest, Southeast, Union,
10.0 (1,000,000) and West submarkets. This
will start to affect price soon
9.0 (1,500,000) if leasing remains strong. The
1
8.0 5 10 15 20 25 30
(2,000,000) change in general asking
rates over the past year has
Completions Absorptions Total Market Vacancy Rate
been negligible.
www.colliers.com/columbus
2. RESEARCH & FORECAST REPORT | Q2 2012 | INDUSTRIAL | GREATER COLUMBUS REGION
Delaware REGIONAL INDUSTRIAL ECONOMICS housing. Financing has become more readily
County
Union The Federal Reserve Bank of Cleveland reports available, except for speculative projects.
County
at least once a quarter in the Federal Reserve’s
North
Beige Book about the economic activity of the Freight volume was flat or moved slightly slower
Licking
Madison
County County fourth district, which includes the Columbus during May. Sectors driving demand included
Metropolitan Statistical Area (MSA). In June, the energy and transportation as well as seasonal
West East
Beige Book reported that economic activity had products. The outlook for the remainder of 2012
CBD grown at a moderate pace. Manufacturers remains positive, but most do not expect growth
reported that production was stable. Capacity will be as strong as predicted earlier in the year.
Southwest Southeast
Fairfield
utilization was flat as was new orders.
County
EMPLOYMENT
Pickaway County Freight transport volume had moved higher. The The Bureau of Labor Statistics reported
industries driving transport demand are energy manufacturing employment of 61,500 employees
The Columbus industrial market consists and metals. Volume is expected to continue in May which was an decrease of 1,400
of 10 suburban submarkets and the
growing at a moderate pace for the remainder of employees since January 2012. Year over year
Central Business District. The total
inventory for the region is 213 million the year. manufacturing is down by 4.4 percent. Trade,
square feet of space. transportation and utilities employment grew by
The Beige Book from July 2012 reported that 4,200 employees in May since January 2012,
economic activity continued to expand since the with 2.7 percent year over year employment.
April 2012 report. Manufacturers reported a Mining, logging and construction decreased by
slight rise in production. Nonresidential builders 1,100 employees in May from January 2012 but
saw stronger inquiries, especially from education, is down 2.4 percent year over year.
healthcare, manufacturing, and multi-family
MARKET ACTIVITY
SALES ACTIVITY
PROPERTY ADDRESS SALES DATE SALE PRICE SIZE SF GRANTOR GRANTEE PRICE / SF TYPE SUBMARKET
6241 Shook Road 06/27/2012 $57,700,000.00 1,628,640 D/P Rickenbacker LLC BRE/DP Columbus LLC $35.43 Warehouse Southeast
4343 Equity Drive 6/27/2012 $19,600.000.00 116,000 RPH Industrial LLC BRE/DP OH LLC - Flex/R&D West
for Porfolio
1901-1919 Dividend Drive 6/27/2012 Portfolio 144,850 RPH Industrial LLC BRE/DP OH LLC - Freezer/Cooler West
4401-4419 Equity Drive 6/27/2012 Portfolio 227,480 RPH Industrial LLC BRE/DP OH LLC - Warehouse West
1614-1634 Westbelt Drive 6/27/2012 Portfolio 227,480 RPH Industrial LLC BRE/DP OH LLC - Warehouse West
2626 Port Road 6/27/2012 $2,300.000.00 156,641 RPH Industrial LLC BRE/DP OH LLC - Warehouse Southeast
2001 Courtright Road 4/2/2012 $800,000.00 225,873 Tomasco Mulciber Inc. All A Cart Manufacturing - General Southeast
521 Marion Road 6/14/2012 $650,000.00 202,402 Marion Road Partners LLC 521 Marion Road LLC $3.21 Warehouse Southeast
777 James Road 5/31/2012 $3,100,000.00 137,885 Pennsylvania Railroad Co. HGI Ohio LLC $22.48 Bulk Warehouse East
8303 Green Meadows Drive 5/3/2012 $2,066,460.00 78,400 Charles Manofsky, Receiver Xigent8303 $26.36 Light Industrial North
8333 Green Meadows Drive 4/30/2012 $1,549,846.00 78,400 Green Meadow SWS LLC Developers Seven LLC $19.77 Light Industrial North
1625 Mound Street 6/7/2012 $1,400,000.00 70,910 Mid Ohio Food Bank 590 Van Buren LLC $19.74 Freezer/Cooler Southwest
1515 Universal Road 4/2/2012 $1,600,000.00 68,334 Metal Improvement Co Inc Bodycote Thermal Inc $23.41 Light Industrial Southeast
6951 Alan Schwartzwalder 5/17/2012 $1,695,000.00 60,000 MJR Enterprises INC All State Investments LC $28.25 Warehouse Southeast
LEASE ACTIVITY
PROPERTY ADDRESS LEASE DATE LEASE SF LESSEE ASKING PRICE (NNN) TYPE SUBMARKET
2450 Spiegel Drive 5/31/2012 455,667 Jacobson Warehouse - Warehouse - Distribution Southeast
1675 Watkins Road 5/10/2012 289,624 Closed Loop Refining & $1.95 Warehouse - Distribution Southeast
Recovery Inc
3500 Centerpoint Drive 6/25/2012 248,145 Confidential $3.25 Bulk Warehouse Southwest
5830 Green Pointe Drive 4/19/2012 194,989 Buckeye Diamond Logistics $1.00 Warehouse - Distribution Southeast
2425 Spiegel Drive 5/1/2012 135,000 NIFCO American Corporation $2.25 Warehouse - Distribution Southeast
6295 Commerce Center Drive 6/14/2012 87,000 PDSI $3.25 Warehouse - Distribution Southeast
6766 Pontius Road 6/25/2012 74,000 Confidential $3.15 Warehouse - Distribution Southeast
P. 2 | COLLIERS INTERNATIONAL
3. RESEARCH & FORECAST REPORT | Q2 2012 | INDUSTRIAL | GREATER COLUMBUS REGION
UPDATE Market Comparisons
INDUSTRIAL MARKET
Net Absorption Construction Asking Rental Rates
SUBMARKET Total SF Vacant SF Vacancy % Current Quarter Year-to-date Current Completions WH/Dist R&D/Flex
CBD 5,507,707 756,472 13.7 (56,643) (94,911) - - - $6.63
EAST 20,682,243 3,986,693 19.3 177,830 277,795 - - $2.90 $5.83
FAIRFIELD 6,441,842 126,755 2.0 134,000 174,920 - - $4.00 $6.90
LICKING 19,607,493 893,989 4.6 - 109,000 - 774,563 $2.97 -
MADISON 8,148,397 - 0.0 - - 425,000 - - -
NORTH 16,569,909 1,236,806 7.5 98,305 154,387 - - $2.73 $4.68
NORTH DELAWARE 9,146,849 988,399 10.8 55,358 39,608 - - $3.10 $7.10
PICKAWAY 3,550,850 84,250 2.4 (10,400) (22,750) - - $2.95 -
SOUTHEAST 64,127,997 7,882,685 12.3 1,136,227 2,022,366 - 125,000 $2.61 $3.47
SOUTHWEST 17,669,037 1,100,255 6.2 63,200 192,033 - - $3.05 $3.38
UNION 6,333,817 359,905 5.7 4,000 2,860 - - - $4.56
WEST 35,406,438 3,943,676 11.1 (171,011) (151,309) - - $2.27 $4.40
TOTALS 213,192,579 21,359,885 10.0 1,430,866 2,703,999 425,000 899,563 $2.65 $4.73
Net Absorption Construction Asking Rental Rates
SUBMARKET Total SF Vacant SF Vacancy % Current Quarter Year-to-date Current Completions By Product Type
R&D/FLEX 20,280,125 2,856,990 14.1% (31,255) 297,144 - - $4.73
GENERAL INDUSTRIAL 71,403,624 5,199,575 7.3% 280,312 355,674 - 659,563 $2.81
WAREHOUSE/ 121,508,830 13,303,320 10.9% 1,181,809 2,051,181 425,000 240,000 $2.65
DISTRIBUTION
TOTALS 213,192,579 21,359,885 10.0% 1,430,866 2,703,999 425,000 774,563 $2.95
QUARTERLY COMPARISON AND TOTALS
Net Absorption Construction Asking Rental Rates
QUARTER, YEAR Total SF Vacant SF Vacancy % Current Quarter Year-to-date Current Completions ($)
Q1, 2012 212,418,016 22,790,751 10.7 1,273,133 1,273,133 898,000 - $3.04
Q4, 2011 212,618,117 24,067,884 11.3% 462,187 3,497,841 898,000 175,000 $3.09
Q3, 2011 212,243,016 24,461,112 11.5 961,800 3,035,654 1,073,000 1,805,000 $3.02
Q2, 2011 210,638,117 25,445,412 12.1% 2,447,123 2,073,854 1,910,000 (253,051) $2.84
CONSTRUCTION
McGraw-Hill Construction’s most
recent report showed residential and
nonresidential future construction in the
eight-county region combined increased
by 16 percent to $143.6 million, March
2012. This up from 123.7 million in
March 2011. Regional nonresidential
development fell by 15 percent to $64.4
million from $75.4 million a year ago.
COLLIERS INTERNATIONAL | P. 3
4. RESEARCH & FORECAST REPORT | Q2 2012 | INDUSTRIAL | GREATER COLUMBUS REGION
CENTRAL BUSINESS DISTRICT SOUTH
The southern submarkets are Pickaway and
The Central Business District (CBD) recorded
56,000 square feet of negative absorption in the Fairfield counties. Fairfield absorbed 134,000 522 offices in
second quarter, mostly due to a vacancy at 385 square feet and Pickaway lost a marginal 10,400
square feet.
62 countries on
Mount Vernon Avenue. Absorption was strong
throughout 2011, and there are still 9 spaces of 6 continents
10,000 square feet vacant. Three spaces have SOUTHWEST
The Southwest submarket showed absorption of United States: 147
more than 100,000 square feet available. Canada: 31
63,000 square feet, bringing the vacancy rate Latin America: 19
EAST down to 6.2 percent. Large leases occurred at Asia Pacific: 201
3420 Urbancrest Industrial Drive and 1641 EMEA: 118
The submarkets comprising eastern Columbus Harmon Avenue.
are East and Licking County. The Licking • $1.8 billion in annual revenue
submarket absorption was flat. In the East, WEST
• 1.25 billion square feet under
Legacy Flooring moved out of 65,000 square management
feet at 3445 Millenium Court. An owner/user The submarkets on the west side of Franklin • Over 12,500 professionals
purchased 2001 Courtright Road, absorbing county are West, Madison and Union. Union
212,000 square feet, and Merlin Packaging county gained a marginal 4,000 square feet.
UNITED STATES:
leased 24,000 square feet at 861 Taylor Road.
The West submarket showed 171,000 square Columbus
Richard B. Schuen SIOR CCIM
All of the construction in Licking County last feet of negative absorption mainly coming from
CEO | Principal | Columbus
quarter has been completed. Quebec Ontario- the vacancy of a casket manufacturer at 315 Two Miranova Place
based KDC completed its 240,000-square-foot Phillipi Road Suite # 900
Columbus, Ohio 43215
building. Mississauga, Canada-based Axium
Plastics completed its 110,000-square-foot Madison showed no leasing activity but TEL +1 614 410 5612
facility, employing 165. Construction has been construction has begun on expanding the Target
completed on Pizzuti’s 303,000-square-foot Corp. distribution center by 425,000 square
Leslie Hobbs
speculative building. Sonoco completed its feet.
Director of Marketing | Ohio
120,000-square-foot facility as well. Two Miranova Place
MARKET INTEL Suite # 900
Columbus, Ohio 43215
NORTH Market Activity Volume is the sum of the
TEL +1 614 410 5640
The submarkets comprising northern Columbus absolute value of each absorption change in
are North and North Delaware. The North the market. It tells us a little more about what
submarket gained 98,000 square feet from exactly happened to the market behind the Jonathan Schuen
absorption number. The Market Activity Volume Research Analyst
numerous leases, including an owner/user Two Miranova Place
purchasing 7060 Huntley Road and Solar Planet was 2,743,340 square feet. This is average for
Suite # 900
leasing 24,000 square feet at 640 Dearborn second quarters in the past three years. Columbus, Ohio 43215
Park Lane. North Delaware absorption was TEL +1 614 437 4495
55,000 square feet on the back of owner/user There are 51 buildings with vacant contiguous
Xcigent occupying 32,000 square feet at 8303 space equal to or greater than 100,000 square
Green Meadows Drive. feet left in the Columbus market. 11 were built
since 2000 and 10 of those are warehouse/
SOUTHEAST distribution. These vacancies will keep This document/email has been prepared by Colliers
International for advertising purposes. Colliers
warehouse/distribution asking rates low while International statistics and data are audited annually and
The Southeast submarket drove the market for they last. may result in revisions to previously reported quarterly
the second quarter in a row with the largest and final year-end figures. Sources include Columbus
Dispatch, Business First, Xceligent, CoStar, Chain Store
positive absorption of 1.1 million square feet, TENANTS IN THE MARKET Age, Wall Street Journal, Bureau of Labor Statistics,
bringing the vacancy rate down to 12.3 percent. The types of tenant seen most frequently are
Bureau of Economic Analysis, Gallup and the Cleveland
Federal Reserve.
bulk warehouse users seeking more than
Jacobson, PDSI, Closed Loop, Buckeye Diamond 200,000 square feet of Class A space; third
Logistics, NIFCO all combined for more than party logistics, auto parts distributors, healthcare,
1,000,000 square feet of positive absorption. and tire users. There are currently at least 21
companies looking for 100,000 square feet or
Construction has been completed on Pizzuti’s greater in Columbus, and at least 39 companies
125,000-square-foot facility for MBM in looking for 15,000 up to 99,999 square feet of
Groveport at 2240 Creekside Parkway. space.
Accelerating success.
www.colliers.com/columbus