May 16, 2007 | Vol. 4 No. 10

05/16/2007 Issue

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Volume 4 - Number 10 | May 16, 2007

TOP STORY: New York Opens Energy Park to Spec Development
By John McCloud
The NYS Energy Research and Development Authority has opened a clean energy tech park in Malta, NY to speculative development. Until now, developers could bid only on projects proposed by the Albany-based agency.

New Company in NJ Aims for $800M Portfolio
By John McCloud
Three real estate veterans launched a company in Ridgewood, NJ this month with the potential for up to $800 million of investments in the next three years. The company, Heritage Capital Group LLC, will acquire a mix of properties, including industrial.

Oregon Investor Makes Mark in Northern California
By John McCloud
Harsch Investment Properties has made its first foray into the Interstate-880 industrial corridor that stretches between the California cities of Oakland and San Jose. It paid $64.5 million for two industrial properties totaling nearly 450,000 sf that it had its eye on for at least three years.

Data Points: Southern California Returns are Moderating
By John McCloud
Returns from Southern California will moderate in 2007 and '08, according to a new report from Torto Wheaton Research. The company describes Southern California as the largest and most sought after market for industrial real estate in the country.

Market Beat: Average Q1 Asking Rents
By John McCloud

Short Takes: MEPT & Trammell Crow Developing Oregon Site

Recent Transactions: AMB Property Buys Baltimore Industrial Portfolio

Executive Moves: Batcheller Joins Panattoni Development Co.