Goodman Group, Australia's largest listed industrial property group, announced that its wholly owned North American subsidiary, Goodman Birtcher, has launched development of a $150m logistics center at Rancho Cucamonga in the Inland Empire West market of Southern California.
BNSF will spend $5bn on infrastructure this year, topping its record $4bn investment last year, says Steve Bobb, chief marketing officer. In addition to maintaining and improving service and capacity, BNSF will invest in logistics hubs and other future-focused infrastructure.
Industrial real estate investment trust Prologis Inc. disclosed that it will develop three inventory logistics facilities in Japan. These facilities will span 3.2 million square feet of space and offer its clientele central distribution to Tokyo and the neighboring metropolitan area.
Blaine Kelly, senior vice president of CBRE's Global Supply Chain Strategy, details how retailers are shaping the supply-and-demand conversation for warehouse space and industrial real estate.
Toyota's plan to close its Torrance headquarters and ship 3,000 jobs to a Dallas suburb has triggered a new round of hand-wringing among those who see business-friendly Texas gaining at the expense of regulation-choked California.
