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Volume 3 - Number 17 | September 6, 2006
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TOP STORY: Small Spaces Score Big for California-based Koll Co.
By John McCloud
The Koll Co. is increasing its portfolio by more than 50%, moving into three new markets and considering expansion into several more, a company executive says. The firm is adding about 1.7 million sf to the 3.2 million sf it already owns in Southern California, Arizona and Nevada. The properties include two light industrial parks in Utah--the 119,592-sf Broadbent Business Park in Salt Lake City and the 78,400-sf Redwood Business Park in West Valley--and similar complexes in Colorado and Texas.
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CalEast's Entry Into Europe Coincides With Name Change
By John McCloud
A major new entity has quietly slipped onto the industrial investment stage. CalEast Industrial Investors LLC, an eight-year-old joint venture between the Sacramento-based California Public Employees' Retirement System and Chicago-based LaSalle Investment Management Inc., recently changed its name to CalEast Global Logistics LLC. The CalEast portfolio encompasses several million sf of warehouse, light assembly, distribution, trucking, intermodal and air cargo space.
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Insider: CalEast's Russell Blackwell
By John McCloud
Columbus, OH-based CalEast Global Logistics LLC recently changed its name from CalEast Industrial Investors to reflect its growing international focus. The eight-year-old entity, a joint venture of the California Public Employees' Retirement System and LaSalle Investment Management Inc., just made its first acquisitions in Europe. To find out more about the company’s plans both here and abroad, IPJ turned to Russell Blackwell, CEO of CalEast Global Logistics and managing director of LaSalle Investment Management.
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Data Points: Intermodal Volume Tops Last Year’s Q2 Peaks
Intermodal volume topped last year’s peak season levels in the second quarter and grew 5.9% compared to the second quarter of 2005, the Intermodal Association of North America reports. This marks the first time since the trade association started reporting loadings in 1996 that the prior year’s quarterly and monthly peaks were exceeded in the first half of the following year.
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