D alian, China; Tallinn, Estonia; Porto Alegre, Brazil. If these far-flung cities are not on your location radar screen right now, they may soon be. They are among 24 potential city winners identified in a recently released research report, Rising Urban Stars — Uncovering Future Winners from Jones Lang LaSalle and LaSalle Investment Management. The […]
“W e at Pfizer are here today with some good medicine: a shot in the arm for one of the greatest cities in the world,” Pfizer President and Chief Executive Officer Henry McKinnell said in May at a podium inside the drug-maker’s New York City headquarters. McKinnell and Pfizer did indeed […]
Toyoda Gosei Ramps Up Czech Facility Toyoda Gosei recently began full production at its new facility in the Chomutov region of the Czech Republic. The plant represents an investment of about US$45 million and will eventually employ 700. Toyoda Gosei of Japan, the world’s third-largest manufacturer of airbags and steering wheels, has begun full-time production […]
Dear Fellow Professional: IAMC has just completed its first year of existence and we already have more members than our most ambitious and optimistic founders thought possible in this time frame. Moreover, we already have two incredibly successful Professional Forums under our belt and have our third Forum ready to […]
S ite Selection: Describe the scope of your responsibilities as Masco’s Director of Property Management. David Hirsch: It means I’m responsible for 44,075,436 square feet [4.1 million sq. m.] of buildings in the world. That’s 32,935,061 square feet [3.06 million sq. m.] domestic and 11,140,375 square feet [1.03 million sq. m.] non-U.S. That’s 149 manufacturing […]
S ignificant growth in Masco Corp.‘s Delta Faucet division has prompted the expansion or initiation of several projects in the past 18 months. But few have been as influenced by Mother Nature as the construction of a new, 200,000-sq.-ft. (18,600-sq.-m.) central distribution center in Jackson, Tenn. Ground broke in July 2002 at a site adjacent […]
W hen is the last time you quantified your company’s entire real estate portfolio and its performance? If you haven’t done that in the past 12 months, then more than likely you are throwing money away. That was the conclusion of Ronald P. Zappile, one of 15 presenters at a recent […]
T he effectiveness of state enterprise zone programs, which offer tax abatements and other incentives for businesses to expand or move to economically blighted areas, remains a source of debate more than 20 years after states began creating them. Some state programs – like the Empire Zone program in New York, […]
I t’s less than a year before 10 new countries join the European Union, as the accession votes succeed like so many dominoes falling in a line. But they are not the only places active in attracting corporations: heretofore undervalued E.U. nations and the group of nations slated to arrive next are all making a […]
T he struggling economy battered the industrial real estate market over the past year and created opportunities for companies working to re-configure their supply chains. Many companies are taking advantage of these opportunities in the hopes of stealing a march on their competitors once the economy regains its balance. Despite a […]
T he experts agree. “Incentives will never make the wrong location right,” remarks Jay Biggins, managing director of Stadtmauer Bailkin Biggins LLC, an economic development consulting services firm based in Princeton, NJ. “Incentives do not drive a project, but they are definitely a factor in the final decision making,” says Kathleen […]
I ndustrial activity south of the Rio Grande and north of the Great Lakes tends to rise and fall with the U.S. economy. In Mexico, border regions are beginning to benefit from optimistic manufacturers hopeful of a break in U.S. economic doldrums. Up north, regional organizations are working to alleviate traffic headaches and improve infrastructure. […]
M ore than 430 foreign firms – mostly U.S.-based companies representing service, manufacturing and retail industries and the offshore energy sectors – have set up shop in Atlantic Canada. Whether their operations are in Newfoundland and Labrador, New Brunswick, Nova Scotia or Prince Edward Island, most industry players are drawn to […]
