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Seaports Safe Harbors for U.S. Industrial Real Estate Sector

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.* This year’s Index, for the first time in its four year history, has rated the Port of New York and New Jersey at the top of the list, followed closely by the ports of Los Angeles and Long Beach. Ports like Seattle, with strong demographics and a sizeable consumer base within a 24-hour trucking window have remained high on the Index.

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LOCATION FOCUS: California Dreamin’ – A Rebound Fueled By New Energy

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The federal Bureau of Land Management, which has subsurface mineral rights for much of the Monterey shale field, in December sold about 15 leases for thousands of acres of potential shale development in California. Additionally, Hesperia has 1,032 acres zoned for commercial and industrial development. Last year, CA Gov.

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STATE INCENTIVES GUIDE

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ENTERPRISE ZONE CREDIT: To stimulate growth in depressed areas of the state, Alabama offers certain tax credit incentives to business that locate or expand within a designated enterprise zone. The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company.

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FEATURE STORY: Racing To Be Ready – U.S. Ports Prepare for Post Panamax Era

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Major maritime shipping hubs including Los Angeles/Long Beach, Seattle/Tacoma and Oakland are ready to service the huge post-Panamax containers. The P3 project is a 50-year agreement between the Maryland Port Administration (MPA) and Ports America Chesapeake to lease and operate the 200-acre Seagirt Marine Terminal.

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Logistics: On the Road, Water or Rails…or in the Air — AGAIN

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To meet demand, rails increased capacity with 1,300 new and rebuilt locomotives; 3,800 freight car purchases; and 700 new leased freight carts. Positive absorption remains in all industrial submarkets in DuPage County, showing continued strength and growth in the county in leasing, user sales and construction completions.

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