August 3, 2005 | Vol. 2 No. 15

08/03/2005 Issue

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Volume 2 - Number 15 | August 3, 2005

TOP STORY: UK Developer Boosts Stake in California Biotech Market
By John McCloud
Making a major California biotech and R&D move, Slough Estates USA has acquired 1.3 million sf of industrial R&D space on the San Francisco Peninsula for reconfiguration to life science uses. It also bought 41 acres in Southern California to be developed as R&D/flex space, with the possibility of using part of the site for life science uses. The activity comes amid a tightening market for Bay Area biotech; in June, CB Richard Ellis pegged the area's biotech vacancy rate at about 3%, down nearly 10 percentage points in a little over a year.

Market Beat: More Second-Quarter Vacancies
By John McCloud
Greater Hartford: The market has lagged other suburban markets due to aging buildings and the lack of land construction of new product. Nonetheless vacancies are coming down, landing at 11.05% at quarter's end…..

INSIDER: Lee & Associates' Jeff Huberman
By John McCloud
As an industrial broker in the City of Industry office of Lee & Associates Commercial Real Estate Services, Jeffrey Huberman is armed with extensive knowledge of the massive impact that the ports of Los Angeles and Long Beach have on the Southern California industrial market. Industrial Property Journal recently took time to talk with him.