April 4, 2007 | Vol. 4 No. 7

04/04/2007 Issue

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Volume 4 - Number 7 | April 4, 2007

TOP STORY: Work Set to Start on $1B High-Tech Manufacturing Park
By John McCloud
A joint venture with ING Real Estate will enable Silicon Border Development to move forward on a $1-billion high-tech park in Mexicali, Mexico. Officals say site work will begin within a month.

New Hines-CalPERS Mexico Fund Could Include More Industrial
By John McCloud
HCM Holdings II LP, a $100-million Mexican real estate fund put together by Houston-based Hines and the Sacramento-based California Public Employees’ Retirement System, will likely include more industrial properties than its predecessor, HCM Holdings I LP.

Insider: CB Richard Ellis’ Rich Kwasny
By John McCloud
For the past 12 years, Rich Kwasny, an industrial specialist in the San Diego office of CB Richard Ellis, has divided time between San Diego and Mexico. He talks to IPJ about the differences between the US and Mexican industrial markets.

Market Beat: Nationwide Vacancy Rate for Distribution Space Declines
After four years of recovery, the nationwide vacancy rate for distribution space in the nation's top 30 markets has declined from 10.9% in Q1 ‘03 to 7.6% in Q4 ‘06--a slide of 332 basis points.

Data Points: Warehouse and Distribution Market Hits Sweet Spot

Short Takes: Traffic Jumps at Ports of Los Angeles, Long Beach

Recent Transactions: JV Sells Las Vegas Building to Local Buyer

Executive Moves: HSA Appoints Daniel Joyce Property Manager