A racecar-loving father-and-son business duo are moving forward with an ambitious plan to bring a multimillion-dollar automotive country club and garage development to a 270-acre site owned by the city of Howell. The project, Motorsports Gateway, calls for 67 private...
The limited supply of urban industrial inventory available for “last mile” e-commerce distribution space is causing investors and end-users to get creative by repositioning other types of real estate with failed uses or shrinking demand, according to a JLL...
Factories in the U.S. are churning through their inventories, as logistical problems keep some manufacturers from restocking rapidly enough to keep up with rising demand. American factories’ sales rose 8% in September from the prior year, while their inventories grew...
Rising e-commerce activity has created new demand for just-in-time facilities near urban core markets, the Port of Oakland and Oakland airport, along with Central Valley fulfillment centers. The Central Valley/Sacramento area continues to drive the majority of...
Two businesses in Southeast Michigan are investing more than $13 million in expansion projects, the state's economic development arm said Thursday. The Michigan Economic Development Corp. approved a $1 million performance-based grant to Fraser-based medical devices...
On October 1, 1908, Ford launched its first model car in the American market, the Ford T, starting the automotive industry and establishing new paths for industrialization. Inspired by the manufacturing systems of weapons and sewing machines, in 1913, Henry...
The road to recovery has been a long one for the Chicago region. But the explosion of demand for industrial product in the past few years, mostly to due to the rise of e-commerce, has fully revived the sector. A new forecast by Marcus & Millichap says the vacancy...
The rise of e-commerce has made industrial property in the US one of the favorites among investors. And buildings in the Midwest, from which national distributors can reach much of the country, are especially desirable. As a result, by the midpoint of 2018, a series...
Based on a new report by global real estate consultant CBRE, office parking ratios in both downtown and suburban office markets across the U.S. and Canada are unlikely to see significant change in the next five years, despite increases in ride sharing and the...
Automated warehouses manned at least partially by robots are likely to become mainstream in the future, as warehouse tenants look for ways to overcome a growing labor shortage. Online giant Amazon is already using robots made by Kiva—square-shaped, yellow machines—in...
The Labor Department on Thursday affirmed last month’s report that U.S. productivity increased at an annual rate of 2.9 percent in the second quarter. The government reported few revisions to the productivity figures released in August. The jump in productivity...
Transwestern recently released its national industrial report for the second quarter of 2018. Among its findings was that 37 of 47 markets the firm tracks posted positive absorption for the quarter. In addition, 43 of 47 posted positive absorption from the previous...
A new study that looks at parking in five U.S. cities—New York, Philadelphia, Seattle, Des Moines, and Jackson, Wyoming—quantifies the amount of parking capacity and estimates the cost to communities. Parking density per acre ranges from about 10 spots in New York to...
At a time when downtowns and urban cores in cities across the Midwest and the nation are making a comeback, and redevelopment continues to reenergize and revitalize high-profile civic centers, it’s easy to lose sight of the fact that cities do not exist in a vacuum....
Ford Motor Co. on Tuesday said its investments in autonomous-vehicle development are expected to total $4 billion through 2023 and that it has formed a subsidiary devoted to those efforts called Ford Autonomous Vehicles LLC. The subsidiary will be be based primarily...
With Toledo’s location near the Michigan state line, multiple interstates and port access to the Great Lakes, it’s no wonder that industrial fundamentals have remained steady or that notable tenants like Libbey, First Solar and Home Depot have flooded the area....
Bill Ford looks past the tons of paint, plaster and steel needed to remake Detroit’s blighted Michigan Central train station and sees more than just an iconic building in desperate need of a makeover. The executive chairman of Ford Motor Co. and great-grandson of...
Multi-story warehouses are already common in Asia, but the concept is now taking off in supply-constrained American cities. Four multilevel projects are currently under construction or will soon break ground in Seattle, San Francisco and New York City, and many more...
Over the last 60 years, industrial buildings in California's Orange County have grown nearly 50 percent taller, to an average clear height of 31.4 feet, according to a new study by JLL. Meanwhile, industrial vacancy continues to drop to new historic lows, now around...
Logistics and freight transport companies went on a hiring spree in May, adding 18,700 jobs to keep pace with accelerating demand in the U.S. shipping markets. The surge last month gave the transportation and warehousing sector 73,000 new jobs since the beginning of...
The expected redevelopment of the Michigan Central Station isn't yet announced, but the feeding frenzy is well under way. Ford Motor Co. is likely besieged with queries from builders, architects, engineers and others in its pursuit of work on what could be an...
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