The Premiere Gateway to a Growing Economy
We received this amazing video from Darla Longo at CBRE. Please click on the above image to view this fantastic video on the ports of Los Angeles and Long Beach.
Here are some key take-aways from the video:
The ports of Los Angeles and Long Beach are currently the largest and busiest seaport complex's in the United States.
50% of the goods coming through the ports of Los Angeles and Long Beach are consumed locally.
20 Million people live within a 50 mile radius of the ports.
The Port of Los Angeles is investing...
The ports of Los Angeles & Long Beach are dealing with heightened competition from the Panama Canal expansion (scheduled to be completed in 2014). Here are some facts on why the ports of Los Angeles and Long Beach will remain on top:
The ports of Los Angeles and Long Beach are currently operating at 50% capacity. Currently funded infrastructure enhancements will only increase this false assumption.
The port of Los Angeles has been the busiest US container port every year since 2000 (16th busiest in the world).
If you combined the ports of Los Angeles & Long...
As the Panama Canal expansion approaches, the ports of Los Angeles and Long Beach have secured funding to expand their capacity and upgrade their facilities.
Here are some notes from a recent logistics conference taken by WCL Consulting:
The ports of Los Angeles and Long Beach and the railroads of Union Pacific and BNSF will invest more than $7 billion in containerized cargo movement infrastructure.
The port of Los Angeles will invest over $3 billion on main channel deepening, terminal improvements, roadway connections and on-dock rail.
The port of Long Beach...
Doug O’Donnell attended the GRI Europe commercial real estate summit last month in Paris, France. This summit focused on European real estate investments and developments.
It's amazing how similar the situation in Europe is to that of the United States.
This is what the European commercial real estate experts had to say:
Fundamentals are becoming really important again: local presence and local knowledge are more than ever key factors to success.
Investors are looking for income producing properties, for quality assets. This leads them to core markets. Investors are looking for centers...
By Rene Circ at Grubb and Ellis.
During the first week of a new quarter, when the previous quarter’s statistics are old news and new numbers are not yet available, the newly released statistics by the Intermodal Association of North America might provide some insight into the industrial real estate market. In April, traffic of domestic containers rose 7.9 percent year-over-year, while international container traffic increased by 7.4 percent. April was the first month of the year showing a decline in the rate of growth for domestic containers, and also an acceleration of growth for international...
We read this very interesting article on commercial real estate and inflation from the CRE Console.
The article forecasts that cap rates will rise with treasuries as the economy continues to improve. This rise in caps and treasuries is expected to drive CRE values down an estimated 17% if the spread between the two remains constant. Even if the spread between cap rates and treasuries compresses a nominal amount, values will potentially still see double digit declines.
We agree with the article. We see cap rates rising with treasuries over the next 12-24 months. This rise will drive...
Port of Los Angeles sets a new high in exports, and the Long Beach port sees the biggest annual increase in cargo traffic. Experts believe the recovery will continue, though not at such a rapid pace.
The nation's busiest seaport complex had a record-breaking year in 2010 with a new high set in exports at the Los Angeles port and the biggest year-over-year increase in overall cargo traffic at Long Beach since the port began keeping such records in 1971, officials said.
To read the entire article, please click here.