Corporate extortion is likely to keep booming in 2014, and we don't mean extortion of corporations, as is practiced by Somali pirates or entrepreneurial Russians. We mean extortion by corporations.
Work has begun on a major new Sainsbury's distribution facility in Daventry, in the United Kingdom, which will create over 900 jobs and support the company's rapidly growing general merchandise business.
More than 80 percent of the world's population resides in what is known as "emerging markets". This group of countries represents a diverse collection of economies from China to Peru and Ethiopia to Kazakhstan.
European occupier appetite for industrial and logistics property is expected to rise significantly in the next two years, according to a survey of senior property investors, developers and occupiers conducted by CBRE.
The major expansion of internet retailing is expected to be the biggest driver of activity in the European logistics market - and the need for distribution space - in the coming three years, according to a survey conducted by global real estate advisor CBRE.
Strength is returning to the market for mid-sized warehouses, though vacancies remain high for facilities of 100,000 to 200,000 square feet, says Rob Wheeler, vice president for industrial services at Cresa Chicago. Cresa Chicago is a real estate firm that works only with tenants. With 55 offices in North America, it is "the biggest real estate firm you've never heard of," Wheeler says.
Saddle Creek Corporation, a nationwide third-party logistics provider, announced that the company is changing its name to Saddle Creek Logistics Services.