Has Industrial Property's Time Come? Manufacturing Momentum
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THE WATCH LIST NEWSLETTER 1 A WEEKLY NEWSLETTER FOCUSING ON CHANGING MARKET CONDITIONS, COMMERCIAL REAL ESTATE, MORTGAGES AND CORPORATIONS PUBLISHED BY COSTAR NEWS IN THIS WEEK'S ISSUE: Has Industrial Property's Time Come? Manufacturing Momentum Shifting to U.S. ........................................................................... 1 YRC Worldwide: Industrial Property Auction ..................................................................................................................................... 3 Capdominus: The First CRM Platform for Real Estate Capital .......................................................................................................... 4 Food Lion Latest To Shrink Store Counts In Grocer Shakeout .......................................................................................................... 4 Third Time's the Charm? Lutnick Emerges As Latest Potential Suitor for Grubb & Ellis ................................................................... 5 CRE Price Index Rises for Seventh Consecutive Month ................................................................................................................... 6 CRE Investment Dollars Continue To Dwindle .................................................................................................................................. 7 Soft Job Growth Clouds Retail Outlook for 2012 ............................................................................................................................... 8 The Hayman Company: Raising the Bar for Property Management & Receivership Services .......................................................... 9 Will Amazon/Indiana Tax Deal Help Level the Playing Field for Retailers? ....................................................................................... 9 Riverview Comm. Bank To Take Loss as Land Values Continue To Erode .................................................................................... 11 KeyCorp Strengthens Upstate New York Franchise ........................................................................................................................ 11 Novartis To Restructure U.S. Business - Again ............................................................................................................................... 12 Kraft Cutting Snacks Staff by 1,600 ................................................................................................................................................. 12 Archer Daniels Midland To Reduce Workforce 3% ......................................................................................................................... 13 Freddie Mac Hits the Streets Early with First CMBS Deal of the Year ............................................................................................ 14 Note Purchases: Banks Continue Dealing Portfolios of Performing, Nonperforming Assets ........................................................... 14 Loans and Properties Under Surveillance ....................................................................................................................................... 15 Real Money: REITs Kick Off the Year Strongly ............................................................................................................................... 15 Watch List: Latest Specially Serviced Loans ................................................................................................................................... 16 Has Industrial Property's Time Come? Manufacturing Momentum Shifting to U.S. Trends such as 'Homesourcing' Could Boost CRE Space Demand Yet This Year After decades of watching American companies move jobs overseas, manufacturing is beginning to make a comeback of sorts here in the U.S. -- and sooner than expected. "There is no shortage of areas that were crippled by the financial crisis, and United States manufacturing ranks high on that list," noted a new report issued by Chat Reynders and Patrick McVeigh, the principals of Boston- based investment management firm Reynders, McVeigh Capital Management. "Production jobs were already fleeing overseas in favor of inexpensive labor in the mid-2000s, and the combination of the domestic consumer recession and a burst of Chinese market dominance only amplified the situation. "Signs indicate, however, that U.S. companies are feeling pressure based on high unemployment, historically high profit margins, and historically low labor costs. It is simply becoming harder for companies to justify moving jobs offshore," Reynders and McVeigh noted. In their report Workforce Rising: Why U.S. Manufacturing Is Poised for a Comeback, the two identified economics and innovation as each having a hand in resurrecting American manufacturing. Advances in production technology are creating new opportunities; fracking, for example - the process of fracturing underground shale to reach natural gas and oil deposits - is demonstrating the dramatic impact that innovation can have. MARK HESCHMEYER, EDITOR WWW.COSTAR.COM JANUARY 19, 2012
Has Industrial Property's Time Come? Manufacturing Momentum
