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Volume 2 - Number 4 | February 16, 2005
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TOP STORY: Manufacturing Renaissance Has Mixed Impact on Real Estate
By John McCloud The manufacturing renaissance touted in recent articles in the Wall Street Journal and elsewhere may actually have less substance than drumbeaters for the supposed rebirth claim, especially as far as the real estate industry is concerned. While property owners should benefit from lower vacancy levels and rising lease rates, the renaissance, to the extent it even exists, does not promise significantly rising demand for manufacturing space.
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MARKETBEAT: Q4 Vacancies and Absorption
By John McCloud Boston: Vacancies for Q4 were up at 17.3%, yet absorption was a positive 300,000 sf; still, investor properties sold at record rates
..Hartford, CT: Vacancies continued a four-quarter downward slide to 12.2%, while net absorption of 128,306 sf pushed the 2004 mark to 1.2 million sf; high demand promises more positive trending
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INSIDER: Pacific Coast Capital Partners’ Bill Lindsay
By David Johnston Bill Lindsay has come to have a thing for flex-space industrial buildings. In fact, he seems to have a thing for almost any type of industrial building in Southern Californiaassuming it makes money.
Lindsay is one of the founding partners of Pacific Coast Capital Partners, a Los Angeles-based real estate finance and investment firm created in 1998.
Now, a growing share of Lindsays attention is directed at flex-space buildings in Southern Californias congested market.
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Atlanta Market Showing Positive Signs, But Weakness Persists
By David Johnston Atlantas beleaguered industrial market is showing signs of a long-awaited recovery, with absorption surging to a four-year high during the fourth quarter of 2004. Still, continued speculative building threatens to undermine the budding rebound, say some local marketwatchers.
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