Apr 6, 2017
April 5, 2017 Colliers International and Lee & Associates were selected to exclusively handle a leasing assignment for the recently completed I-210 Logistics Center II in Rialto, CA. The 758,94…
seen from China
seen from Switzerland
seen from Malaysia
seen from Mexico
seen from Malaysia
seen from Türkiye
seen from United States
seen from United States
seen from United States
seen from Malaysia
seen from Italy
seen from United Kingdom
seen from United States
seen from Spain
seen from Argentina
seen from Malaysia
seen from Russia
seen from Netherlands
seen from China
seen from United States
April 5, 2017 Colliers International and Lee & Associates were selected to exclusively handle a leasing assignment for the recently completed I-210 Logistics Center II in Rialto, CA. The 758,94…
Michigan-based Wolverine Worldwide leased a 720,000-square-foot facility at the Crossroads Logistics Center in Beaumont, CA. The global footwear and apparel company will use the site as a national …
The Markets You Need to Know to Dominate Distribution
August 19, 2016
In its inaugural annual Distribution Markets study, JLL’s research team, special practice groups, and industrial professionals worked closely to locate the top 18 distribution markets in America.
When most hear industrial, the immediate thoughts bounce to the Inland Empire in Southern CA, as well as New Jersey, and other coastal and geographically centralized regions. But, as transportation costs rise and demand for immediate service increases, there are other areas that will also rise in prominence in the sector.
The report dives deeply into what determines a market’s ranking, with considerations that include: population access, labor metrics, costs of business, taxes and incentives, and CRE fundamentals affecting investment and site-selection.
The rankings are:
New Jersey/New York Metro Area
Southern California
Central and Eastern Pennsylvania
Chicago Metro
Dallas/Fort Worth Metroplex
Atlanta
The Mideast
The Mid-Atlantic
Southeast Texas
Louisville, Memphis, Nashville
The Carolinas
Florida
Minneapolis
Kansas City, St. Louis
Northern California and Reno
Las Vegas, Phoenix
Denver, Salt Lake City
The Pacific Northwest
To see why each market ranked as it did, be sure to read the in-depth report at the jump.
READ MORE AT JLL RESEARCH
For more on this topic and others regarding the Inland Empire, be sure to attend Connect Inland Empire on October 6.
For comments, questions or concerns, please contact Daniella Soloway
Amazon Hiring 1,000 Local Employees
Thursday, March 31, 2016
Amazon plans to add 1,000 more full-time jobs by opening a new fulfillment center in the Inland Empire. The facility in San Bernardino will be the company’s seventh warehouse in California, reports the Riverside Press Enterprise.
How Amazon is secretly building its superfast delivery empire
View gallery
Delivery in a day is just too slow. At least, that seems to be the philosophy at Amazon, which in the last year has quietly built out a network of at least 58 Amazon Prime Now hubs in the US to fulfill one- and two-hour deliveries.
The buildout of the Prime Now hubs goes toward the goal of getting goods to the market faster, but it’s also one cog in a larger strategy to create a lean, cost-efficient logistics network that rivals anything its competitors can offer. That’s an important step for Amazon, which loses billions of dollars getting goods to consumers.
Amazon Echo, home alone with NPR on, got confused and hijacked a thermostat
View gallery
Those hyper-fast deliveries are available to Prime Now customers living in the high-density urban areas where the hubs have been built, said Marc Wulfraat, president of logistics consultancy MWPVL, in a presentation hosted by SunTrust on Thursday (March 11). The new warehouses—typically 50,000 to 60,000 square feet—are fed by Amazon’s 86 gargantuan fulfillment centers, but only with about 10,000 bestselling items as rated by the company’s internal data. Wulfraat said he could confirm 58 Prime Now hubs, but there could be more.
“This has probably been the most secretive piece of data that the company has not been talking about,” he said during the presentation, adding that the Prime Now hubs amount to Amazon’s equivalent of having retail stores.
Trying to scare women away from traveling alone won’t keep them safe
“My take on it is that the less that people know about this the better,” Wulfraat told Quartz. “They are not even publishing the addressed locations of these buildings; they are unmarked.”
An Amazon spokeswoman would not say how many hubs the company has built, only that Prime Now is available to customers in more than 25 metropolitan areas.
To slice away at shipping costs, the company is eliminating the middlemen in China who deliver goods from warehouses to seaports, opting to bring that job in-house. It also bought thousands of tractor trailers (not the trucks) to more efficiently load and ship goods. And most recently, Amazon announced it’s leasing 20 Boeing 767s to deliver its own goods to and from its fulfillment centers, a move that diminishes the company’s reliance on third-party shippers such as FedEx and United Parcel Service. The company’s flight hub will be in Wilmington, Ohio.
View gallery
The new Prime Now hubs are one of three types of warehouses the company is running to further reduce third-party delivery costs. In addition to its fulfillment centers, it began in 2013 to build so-called sortation centers. Those warehouses are meant for nearby small-parcel shipping, which allow the company to shift deliveries from FedEx and UPS to the less-expensive US Postal Service, Wulfraat said.
View gallery
“Nobody beats the post office when it comes to taking the cost out of shipping,” he added.
For example, if a customer in Boston bought a one-pound item through Amazon online, it was then shipped from the Breinigsville, Pennsylvania, fulfillment center by FedEx or UPS for about $4.50. Now, Boston shipments can be sent to a sortation center in Stoughton, Massachusetts, where the US Postal Service delivers the package for about 80% less.
It’s going to take several years before Amazon figures out the best way to rein in the costs of shipping, Wulfraat said, especially as the company adds more customers, promises faster delivery times, and hires more people to make those shipments happen. By taking control over pieces of its delivery network and integrating things such as company-leased planes, a good portion of that total cost will be shed.
Cyber Week E-Commerce Report
CBRE: Cyber Week’s E-Commerce Sales Up Dramatically From 2013
LOS ANGELES — A recent CBRE report found that online sales during the course of the Thanksgiving weekend grew 17 percent over 2013, with an average order size of $124. Similarly, on Cyber Monday, sales grew 8.5 percent year-over-year (Cyber Monday fell on Dec. 1 this year).
“Cyber Monday is no longer a one-day event,” says Spencer Levy, head of research for CBRE Americas. “Consumers are now spreading their holiday shopping over ‘Cyber Week’, taking advantage of online sales that began before Black Friday. Continued strength in online shopping is a trend which bodes well for the U.S. industrial real estate market, as e-commerce companies and omnichannel retailers will need more space to warehouse and process online shipments.” During the five-day “Cyber Week” period, online sales were up 12.6 percent nationwide, indicating that consumers are spreading their shopping activity over the course of the holiday season rather than just focusing on a single day. Traditional brick-and-mortar retailers seemed to reap the benefits of adopting omnichannel strategies, the report points out. On Cyber Monday, department stores recorded 17.9 percent year-over-year growth in online sales nationwide, while the biggest retailer in the U.S., Walmart, reported its best Cyber Monday ever. In response to the double-digit online sales growth, UPS and FedEx announced that, between the two package delivery giants, they would hire 150,000 seasonal employees — double the number over last year — to meet the increased holiday demand. CBRE research shows that the growth of e-commerce has had a significant effect on the U.S. industrial real estate market, with more than 35 million square feet leased by e-commerce users in 2014 and at least that many expected for 2015. —Staff Reports
Riverside Industrial Sold for $43.8M
Scuderia West Motorcycles Purchases Disitribution Bldg
By Luke Andreen
November 18, 2014
Scuderia West Motorcycles purchased the industrial building at 14600 Innovation Dr. in Riverside, CA for $43.8 million, or $73 per square foot, from Sun Life Assurance Company of Canada. The 600,000-square-foot, 4-Star distribution building was built in 2013 on a 27-acre parcel in the Riverside County submarket of Inland Empire. It features 93 loading docks and two drive-ins, 32-foot clear heights, rail access, and a 245-foot truck court. The building will be occupied by the buyer, an aluminum products manufacturer. Philip Lombardo, Charles Belden, and Kyle Kehner of Cushman & Wakefield, Inc. represented the seller, and were the sole brokers in the sale. Please reference CoStar COMPS #3155074 for more information on this transaction
Amazon to Open Fifth Fulfillment Center in Redlands
The 704,115-square-foot facility will join Amazon's existing California fulfillment centers in San Bernardino, Moreno Valley, Patterson and Tracy.
REDLANDS, CALIF. -- Amazon has announced it will open a fifth California fulfillment center in Redlands. The 704,115-square-foot facility will join existing California fulfillment centers in San Bernardino, Moreno Valley, Patterson and Tracy. Once complete, the online retailer will have expanded its presence in California to 2 million square feet.
"We are proud to be hiring for more than 2,500 full-time jobs in California that offer wages 30 percent higher than traditional retail stores and include comprehensive benefits on day one, bonuses and stock awards," says Mike Roth, Amazon's vice president of North American operations. "We have found great talent in the state and we're excited to be growing quickly to serve our customers."
The new center will be used to pick, pack and ship large items, such as big-screen televisions and kayaks.