Standing 37 stories in downtown Minneapolis is RBC Gateway, the first Class A office building constructed in the city since 2001. Members of the NAIOP National Forums enjoyed a tour of this facility during the National Forums Symposium held this week in Minneapolis.
Primarily used for the storage of trucks, trailers, containers, large equipment and materials, industrial outdoor storage (IOS) is a unique property type that comes with its share of challenges. A panel of IOS experts took the stage at I.CON West this week in Long Beach, California, to walk attendees through the pressures of this industrial-zoned land and why it’s important to an overall logistics portfolio.
The post-COVID-19 pandemic pipeline, supply imbalances, investment and construction challenges: these are just a few of the topics address by a powerhouse panel of executives in industrial real estate this week at NAIOP’s I.CON West in Long Beach, California.
By a show of hands, I.CON West keynote speaker Christine Cooper, Ph.D., managing director and chief U.S. economist with CoStar Group, polled attendees on their economic outlook – was it bright or bleak? The group responded largely positively, with most indicating they felt the economy was doing better than not.
In the middle of Amazon’s central campus in downtown Seattle are three orbicular structures filled with more than 40,000 plants that create a unique space for employees to gather, work and collaborate. They provide what the company says is often missing from a traditional workspace – a direct link to nature.
At NAIOP’s CRE.Converge this week in Seattle, Amazon Vice President for Worldwide Real Estate Daniel Mallory sat down for an in-depth chat with Jean Kane, former CEO of Colliers International-Minneapolis St. Paul and the incoming chair of the NAIOP Research Foundation. Kane asked Mallory about his perspectives on everything from the company’s sustainability efforts to today’s market challenges to future workforces and beyond.
A 1.5 million-square-foot cold storage facility an hour south of Atlanta sits unassumingly among farmlands and other distribution warehouse facilities containing everything from mattresses to salad dressing to office supplies. Inside its doors though, racks and rows of premium chocolates are stacked high in an international chocolate producer’s distribution facility for the Southwest.
Cold storage development often requires a specialized approach, and leasing is no exception. Five development and leasing experts closed out NAIOP’s I.CON Cold Storage in Atlanta with a look into the cold storage leasing market, demand drivers and growth expectations and the market outlook, among others.
“Less than 2% of industrial space today is cold storage, and it probably needs to be at 15%. We’re not even in the first inning,” opened economist KC Conway in a keynote session at NAIOP’s I.CON Cold Storage. Using the analogy of peeling back an onion, Conway identified four cold storage and capital markets “layers” to “see what makes us sweat and what makes us cry.”
Understanding the many types of cold storage and controlled environments – food and beverage processing; food distribution; and public refrigerated warehousing – along with a plethora of product-specific terminologies, is the first step in diving into the world of its development. But there is much more to explore to understand the nuances of this sector.
