October 17, 2007 | Vol. 4 No. 20

10/17/2007 Issue

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Volume 4 - Number 20 | October 17, 2007

TOP STORY: NY Developer Moves Into Industrial With Kodak Buy
By John McCloud
Acquest Development LLC beat out four competitors in a bid to acquire 2.2 million sf of warehouse space in Rochester, NY formerly occupied by locally based Eastman Kodak Co.

Economist Says Construction Materials and Labor Costs Will Rise
By John McCloud
A new report from the Associated General Contractors of America warns building owners and developers to expect larger increases in the costs of materials and labor in 2008 than in the past 12 months.

Insider: CBRE | Melody’s Jeff Shaw
By John McCloud
The collapse of the residential real estate market and meltdown of the CMBS industry has affected commercial lending. IPJ talked about it with Jeff Shaw, a senior director of CBRE | Melody.

Short Takes: Florida Intermodal Terminal Planned
By John McCloud
An affiliate of CSX Corp. of Jacksonville, FL has purchased 318 acres from the City of Winter Haven, FL for development of a state-of-the-art intermodal and automotive terminal.

Data Points: Surface Trade Up Between US & NAFTA Partners

Recent Transactions: Macy’s Buys Illinois Distribution Center

Executive Moves: Atlanta ULI Chapter Honors Henry Gregory