The 22.4-acre site on the sprawling Bethpage industrial campus where Grumman built its first building is on the market. Brokers say the property is the largest available industrial parcel remaining in Nassau County and is ripe for redevelopment. The site has about 372,000 square feet of rentable space, 200,000 of which is office space and most of which was added on since Grumman first landed there in 1937.
Last week's $1.25 million sale of 11 acres of industrial land to Devon Energy at SW 44th Street and Newcastle Road reflects an increase of industrial sales in south Oklahoma City, said industrial property brokers Monday. Terry Klaus, president and chief executive officer of Klaus Realty, represented the seller, Raptor Properties LLC (aka Waterford Investors LLC), during the Devon Energy transaction. He said Devon Energy's land purchase and its subsequent plans to build an office and meeting facility demonstrate that industrial properties are becoming harder to find. That has increased pressure on land sales.
SPRINGBORO -- Developers have announced plans to spend $42 million on office and industrial development on 80 acres just south of the proposed Austin interchange. Henkle Schueler & Associates and Industrial Property Brokers say about 800 new jobs would be created by the businesses to be located in the Springboro Business Park.
SAN JOSE, Calif. - When solar-power-technology company Nanosolar Inc. was deciding last year where to put a new manufacturing facility, the Palo Alto firm was courted by cities worldwide, but its most aggressive suitor was the nearby town of San Jose. San Jose officials promised Nanosolar not only expedited business permits, as other cities did, but offered a $1.5 million grant and said it would help to retrain local workers in skills needed at the new plant. San Jose officials served as property brokers, identifying vacant industrial parks and showing Nanosolar executives around to spare the company the cost of a real-estate agent. During the monthslong courtship, city officials met with Nanosolar executives more than a half-dozen times.
Northstar Recycling Group has agreed to lease 93,000 square feet in the Dayton Distribution Center, 750 Rosedale Drive. Northstar is expected to move into the property by the end of the year, said Tim Echemann of Industrial Property Brokers, a Sidneybased firm.
The conviction of lobbyist Ira C. Cooke on grand theft and bribery charges earlier this month has a major real estate association rethinking its representation in Annapolis. The Maryland chapter of the National Association of Industrial and Office Properties, which represents the interests of commercial property developers, brokers and owners, was one of eight organizations Cooke represented last year. Cooke, whose company Cooke & Associates Inc. is based in Towson, was convicted Dec. 7 on separate counts of grand theft, commercial bribery and conspiracy for his part in a scheme that bilked a California counseling clinic out of $57,000, according to published reports.
One of Long Island's most prolific commercial real estate brokers, Jeffrey Schwartzberg has participated in more than 5 million square feet of industrial property sales and leasing transactions for Lake Success-based brokerage Sutton & Edwards. Before he joined S&E in 1999, Schwartzberg was an executive with Chicago-based First Industrial Realty Trust, helping the REIT's portfolio triple in size from 2.5 million to more than 8 million square feet.
CoStar Group Inc., a Bethesda firm that provides commercial real estate information to brokers and owners, is trying to repeat its success with office and industrial property as it moves into the retail industry. The company announced an agreement last week with Ramco- Gershenson Properties Trust in a major achievement for CoStar's retail service.
COOLIDGE WALL WOMSLEY & LOMBARD, Dayton Seven of the firm's attorneys were recently named Ohio Rising Stars by Law & Politics magazine and were featured in the August issues of Cincinnati magazine and Ohio Super Lawyers -- Rising Stars Edition. Those selected were Douglas Anspach Jr., who practices in labor and employment law; Michelle Bach, who focuses on workers' compensation defense and is a certified specialist in workers' compensation law by the Ohio State Bar Association; Shannon L. Costello, whose area of practice is commercial and industrial real estate; Kristin Finch, who practices in general corporate law and commercial real estate law focusing on mergers, acquisitions and real estate transactions; M. Shannon Martin, partner in the firm with extensive experience in mun...
Gas drilling companies, which covet the gas deposits in New York's Marcellus Shale, have executed an aggressive land grab for gas leases from homeowners across the Southern Tier to allow "fracking" -- high-volume hydraulic horizontal fracturing. Dangling promises of royalties that could go unfulfilled, the leasing brokers fail to inform homeowners of the heavy industrial, uninsurable risks fracking entails. Based on decades of conventional vertical drilling, homeowners signed preprinted lease agreements without negotiation. Today, these homeowners are trapped indefinitely by leases that give strangers free rein to take over their property while relinquishing basic home ownership benefits they once took for granted. Since upstate homeowners did not know about the hazards of f...
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