#Warehouse Property for Sale Chicago

[christianniro21]

Warehouse Space for Sale Chicago

Seeking warehouse space in Chicago? Dive into the ultimate resource for industrial real estate at WarehouseFinder.net! Discover a plethora of options for warehouse ownership, lease, or rent tailored to your business requirements. Whether you're a startup or an established enterprise, our platform offers listings for Warehouse for Sale Chicago, Warehouse for Lease Chicago, Industrial Warehouse for Sale Chicago, and more. Explore our comprehensive database to find the perfect fit for your operations. Don't miss out on prime opportunities for warehouse property in the Windy City. Start your search today on WarehouseFinder.net and unlock the potential for your business growth!

[tradedmiami]

SALE IMAGE: Ward Fitzgerald DATE: 02/27/2024 ADDRESS: 3605 Northwest 115th Avenue MARKET: Doral ASSET TYPE: Mixed-use ~ ACRES: 2.1 BUYER: Ward Fitzgerald - EQT Exeter (@EQTExeter) SELLER: Harry Aizenberg SALE PRICE: $14,500,000 SF: 45,970 ~ PPSF: $315 NOTE: EQT Exeter acquired a Doral warehouse and office building for $14.5 million, leased to Wrk Lab. The deal contributes to EQT Exeter's global property portfolio, which includes recent acquisitions like a Chicago apartment complex in 2022 and a San Jose office campus in 2021, coinciding with a robust start for South Florida's industrial market in January, marked by significant transactions including Investcorp's $72.3 million purchase of Powerline Business Park in Deerfield Beach and Longpoint Partners' $30 million acquisition of six warehouses near Medley and Doral. #Miami #RealEstate #tradedmia #MIA #Doral #Mixeduse #HarryAizenberg #WardFitzgerald #EQTExeter

[starckre]

Investing in Palatine, IL Real Estate: Is Now the Right Time?

Palatine, a northwest suburb of Chicago located in Cook County, Illinois, has long been an attractive area for families and professionals looking for affordability, good schools, and proximity to Chicago. With a population of just under 70,000, Palatine offers a small-town feel while still providing easy access to big city amenities. For real estate investors, Palatine presents an interesting opportunity. Here we'll examine the current real estate market in Palatine and consider whether now is a good time to invest. So, get ready for contact with certified relocation professional.

Housing Market Overview

The housing market in Palatine remains strong, though it has cooled slightly from its peak in 2021-2022. Home prices continue to rise, but at a slower pace than earlier in pandemic-fueled seller's market. The median home price in Palatine as of July 2022 was $385,000, up 11.6% from the previous year according to Redfin. While bidding wars are less common, homes are still selling quickly at just 12 days on market. Inventory remains tight, with only 1.5 months of supply available. This persistent shortage of homes for sale will likely keep upward pressure on prices.

Rents have also been rising steadily, making Palatine an attractive area for investors. As of July 2022, average rent for a 1-bedroom apartment was $1,395, up 15% year-over-year, according to Apartment List. Occupancy rates have rebounded to pre-pandemic levels above 95%. With rents rising faster than home prices, Palatine remains affordable relative to other Chicagoland areas, offering investors opportunity for cash flow.

Drivers of Demand

Several factors suggest demand will remain strong in Palatine real estate:

Job growth - Palatine benefits from proximity to major employers like Zurich North America, Weber-Stephen Products, and GE Healthcare. Unemployment stands at just 3.1% as of June 2022. New developments like the $300 million Sterling Bay warehouse project on the former Motorola campus will bring more jobs.

Population growth - Palatine's population grew 4.2% from 2010 to 2020, nearly twice the Cook County rate of 2.3%. New residential developments will accommodate demand.

Highly-rated schools - Palatine School District 15 is consistently ranked top in the state. For families, this is a major draw.

Transportation access - Easy access to I-90, Route 53, and two Metra stations make Palatine a convenient suburb. A new proposal to extend Route 53 north could enhance accessibility further.

Potential Headwinds

Despite the positives, some factors could dampen real estate outlook:

Rising mortgage rates - Rates above 5% reduce buyer affordability and dampen demand. Sales may moderate.

High property taxes - Typical property tax rate is over 2% in Palatine, among the highest in the metro area. This could deter some buyers, especially if home prices moderate.

New construction - 2,000+ new residential units planned could boost inventory, moderating price growth. However, construction costs may delay projects.

Overall Assessment

Fundamentals remain generally favorable for residential real estate investing in Palatine. Though the market has cooled slightly from its peak, tight inventory, strong demand drivers, and increasing rents continue to make Palatine attractive. Investors should monitor mortgage rates and new construction closely, but opportunities currently outweigh risks. Taking a long-term view, Palatine offers stable population growth, a vibrant local economy, and accessibility that set the stage for continued real estate demand. For buy-and-hold investors or those considering new development, Palatine offers promising upside potential.

[pacommercialcorporate]

Industrial Buildings For Sale or Lease in Michigan

Industrial buildings include factories, labs, power plants, refineries, gas plants, mills, dairies, and other structures where goods are manufactured, assembled, or processed.Here is a list of places where your industries might fit if you're looking for one: Industrial buildings for sale in Michigan.

 

Phase 3 - Shovel Ready Site | Wahrman Rd

This is an industrial space available in the city of Romulus, Michigan. Warehouse, production, or distribution space measuring up to 120,120 square feet is available. The 8.34-acre building is zoned for manufacturing and warehouse usage. Tenants can customize this build-to-suit facility that offers single- or double-loaded dock configurations, as well as different parking lot designs. There is plenty of parking with 22 trailer parking spots and 72 car spaces planned, or the spacing can be adjusted to the user's preferences.

 

6938 Elm Valley Drive | Kalamazoo, MI

This is located in the city of Kalamazoo, Michigan. There is a good amount of flexibility for any size office, warehouse, or manufacturing tenant in this Class A community. Strategically located off the interstate, it provides access to the region for any employee or clientele base. This Class A asset's fit and finish will enhance any operator's brand.

 

Shelby Industrial Center | Shelby Township, MI

A brand-new, 47-acre corporate-class industrial development that features a variety of build-to-suit options.

Each property in the Shelby Industrial Center has many ports, a lot of room for cars and trailers per building, the possibility to set up cranes, and office space that may be customized.

 

Midlink Business Park | Kalamazoo, MI

It is 340 acres industrial and commercial destination located between Chicago and Detroit in the city of Kalamazoo, Michigan. The location offers a high-capacity infrastructure for cutting-edge production and distribution, substantial traffic counts for retailers and food-service establishments, plenty of parking, and simple, truck-friendly access to and through the park.

 

251 Mason Rd

This is a 26,800 SF industrial space located in Howell, Michigan. The Livingston County I-96 & D-19 intersection is less than a mile away from it.there is permittance on the limited outdoor storage. Sufficient hard surface spaces for staging and parking semi-trucks and trailers are available.

 

816 E 1st St

It is 14,400 SF of industrial space available in the city of Gladwin, Michigan. It is a great industrial park location with city utilities.

[lunarr-rrose]

Magazine 05 - How To Negotiate Contract

The toughest aspects of investing in self storage is negotiating contracts. Coming to an agreement between two parties despite conflicting economic factors is difficult. The buyer thinks the price is too high while the seller thinks it is too low.  The ideal scenario is everyone walks out feeling that they have accomplished what they wanted. As much as possible, you want every negotiation to be a win-win. 

The world of real estate and especially self-storage is very small. People talk and the last thing you want is a bad reputation and no one even considers doing a deal with you.

Avoid wasting time and energy with letters of intent. There is a very good reason for this.

The seller in the negotiation will end up shopping the offer against other potential buyers. This can be time-consuming and simply delay the entire process. And worse, you could end up in an auction where you are bidding against another investor. Skip the letter of intent and move immediately with a contract. Fernando O. Angelucci is Founder and President of Titan Wealth Group. He also leads the firm’s finance and acquisitions departments. Fernando Angelucci and Steven Wear founded Titan Wealth Group in 2015, and under his leadership, the firm’s revenue has grown over 100% year over year. 

Find out more at

https://www.TheStorageStud.com http://titanwealthgroup.com/

Titan Wealth Group operates nationwide sourcing off market investment properties for Titan Wealth Group’s acquisition as well as servicing a network of thousands of active real estate investors world wide. Prior to founding Titan Wealth Group, Fernando worked for Dow Chemical, a Fortune 50 company, rolling out a flagship product estimated to gross $1B in global revenues.

  With an engineering background, Fernando is able to approach real estate investing with a keen analytical mindset that allows Titan Wealth Group to identify opportunities and project accurate pictures of future performance.

  Fernando graduated from the University of Illinois at Urbana-Champaign with a B.A. degree in Technical Systems Management.

Titan Wealth Group was founded in 2015 with the vision of gathering individual investors that have the means to invest but lack either the time to find high-yield investment opportunities or the access to these off-market deals. All too often, founders Fernando Angelucci & Steven Wear came across investors who had deployed their capital only to regret the lack of consistency or degree of returns their investments were producing. In response, Titan Wealth Group provides access to highly-vetted real estate secured investments and off-market acquisition opportunities primarily in the Greater Chicago MSA. Today, Titan Wealth Group not only assists individual investors but has grown to support the acquisition goals and capital deployment of investment groups, private equity firms, and real estate investment trusts (REITs).

As a facilitator of wealth growth, Titan Wealth Group believes that success is not limited to the sum of our efforts and is infinite with what can be accomplished through partnership. 

#SelfStorage #RealEstateInvesting #AlternativeFunds ---------------------------------------------------------------------------------- So how do we negotiate contracts? This is a very interesting topic it's near and dear to my heart. I'm a big fan of sales psychology. I really do love to negotiate because the way that I look at negotiation is not a you versus me, but it's you and me versus the economic factors, the world, what's going on out there in the market. So how do we come to terms that we can both feel like we've accomplished what we wanted? We both can walk away from the table feeling like we've got a good deal and you know, it lasting all the way through the due diligence period and the inspections and the closing. So one of the very first things that we do is we usually don't waste time with letters of intent. Letters of intent. The fact that it was a nonbinding offer to purchase real estate. What I have found is that this is usually a waste of time. It usually allows the seller to shop your offer against other offers before you actually have the property under contract and be able to get their other competitors as well. So we usually will skip over the letter of intent and immediately go towards contract. But before we do that, we've got to make sure that we're doing our proper due diligence. So what we'll do is we'll send over a needs list or a due diligence documents list to the seller and say, Hey, here is a list of maybe 28 things that we need from you. We understand that you may not have all of them, but everything that you do have, if you can send those over to us, that will allow us to structure an offer that is accurate for you. The last thing that we want to do is a seller giving us false information, either knowingly or not knowingly, and then us going under contract, and then, you know, a month or two months down the line, we find out that the numbers were inaccurate and then we have to adjust our contract. Nobody likes to do that. It always feels kind of like a blow in the stomach. But it really comes, you know, the more open you are with the counter party, the easier it is to get transactions done in a fast and seamless nature. So we'll ask for all those due diligence documents. And those due diligence documents, not only did we send them over in a list, but once we go to contract, we'll actually include all of those documents named in the purchase of the units. To state, Hey, you know, our due diligence period does not start until you have provided all of these documents because the last thing we want is, you know, we go through the whole process where a day I had a closing and then the bank still hasn't received the seller's tax returns. And then all of a sudden the tax returns come back and show that, you know, he's reporting half the amount of income than what he or she claimed they were intaking from their facility. And again, now, not only are we not able to buy at that price, but the bank won't even lend on the facility at that price, given the information that we receive. So what happens is in our negotiations, in our contract negotiations, the very first thing that we'll ask for is a set of due diligence documents and our due diligence period, which is usually 30 to 45 days, depending on the size of the facility or the land or the real estate, the subject property. That due diligence period does not start until we have all the documents we need to make an informed decision. Now, some sellers are uncomfortable sending these documents before having a signed purchase agreement, which I totally understand. So we always tell them up front, there's two ways we can do this. There is you can give us your numbers verbally without providing any, any documents. And if they're accurate compared to the due diligence documents, we get later on, you know, we can put your property under contract at a price that makes sense based off of what you told us. And then if they're accurate later on, then the price stays the same. But if they are not accurate compared to say your tax returns or your profit and loss statement signed by your CPAs, then we will have to adjust the price down. Or what you can do is you can send us all these due diligence documents right now. Then when we go under contract, that price that we have is going to be unchanging. And the due diligence period will start immediately because the second we go under contract, you already have given us all the documents required. So that's one of the very first things that we do. Another thing that we also do is that we also request the ability to extend our due diligence period or extend our closing period by offering additional earnest money. Now, earnest money is a sign of good faith that you're going to close on a facility. You're not just going to tie them up and then walk away at the end. So there's a penalty for us as buyers. Say that we get through the due diligence period and there was no objections. But then when we go to closing, we're unable to close for whatever reason or the closing timeline doesn't work for us. If we try to cancel that contract, the seller gets to keep our earnest money or our good faith money. So one of the things that we always negotiating these contracts, because, you know, these are not small facilities that we're purchasing on the low side. You're looking at, you know, maybe 800,000 on the high side, you're looking at $12million to $15 million properties. You know, we're putting down $15,000, $25,000, $50,000 in earnest money to show that we're serious and we don't want to lose that. So if there is some external force that causes the transaction to be delayed, we'll actually ask for extensions. And the way that we after these extensions is by offering up additional earnest money. Say, I would like to purchase another 30 days of closing timeline for an additional say, $15,000 or $25,000 in earnest money. That shows that, Hey, we're serious. We're not just dragging this out. There is an end in sight. There's a goal in sight. And to prove that, we're willing to give you more of our money to put at risk in case we don't close. Now, another thing that we always push for in our contracts, and this is a nonnegotiable item, is environmental issues. We will get a phase one environmental report. Now what a phase one environmental report is, is you hire an environmental engineering company and they will look through all the records that ever have been produced from the EPA or from local municipalities, anything having to do with environmental concerns. And they'll go through all of these documents. They'll visit the site, they'll look for any type of issues that may be around. Maybe there's a gas station on the corner that is leaking hydrocarbons. Or maybe the site, you know, maybe we're buying a warehouse to convert to self storage. And it turns out 80 years ago, this warehouse was used to make really nasty industrial chemicals. These are all things we have to be very concerned about because when it comes to environmental law, it is non dilutive. Now what that means is the any type of environmental liability that comes. It doesn't matter who the owner of that property is now. As soon as something happens, say you build an apartment building on a super fund site or a site that has a lot of environmental hazards. And then all of a sudden, five years later, someone in that apartment building gets cancer because of the chemicals that are present in the environment. Not only is the current owner of that facility liable, but everyone in the chain of title is also liable. So the person that sold it to the current owner, the person that sold it to the person that sold it to the current owner. All of these people are liable for the judgment. So environmental liability is something you really don't want to play around with. So we're always going to request the seller, give us any environmental reports that they've received during their tenures owner. We're going to request time and a due diligence contingency to do a phase one environmental. And if anything comes back, hot, as I call it. If any, if the phase one comes back showing hazards, you have two options. One is you can cancel the contract right there and, you know, walk your separate ways. Or you can get to go to the next step up, which is a phase two environmental report. Now with the phase two, what they usually do is they'll come to the site and they'll take physical samples. They'll start drilling 20 foot or 60 foot soil samples from the ground. They'll take air readings, they'll take water readings. And if any of those nasty environmental chemicals show up positive, then again, you have choice to make. So just as far as pricing goes, usually a phase one environmental, depending on the size of the facility will be 2,500 to maybe 5,000. Now, if you go to the phase two, now you're looking at anywhere between $5,000 to $20,000 for that phase two, depending on the size of the site and how many samples they need to take and what type of special equipment they need to test those samples. Say the phase two comes back hot. Now you really have a big decision to make. You can either go your separate ways, which is usually what we do. Usually what happens is if the phase one comes back, we'll request that the seller pay for the phase two, or maybe we'll split the phase two with the seller. The phase two, comes back hot. This is when you're going to need remediation. And remediation can be very drastic. It may require, you know, excavate in the top 16 to 20 feet of top soil. And not only removing that tops out, but going and storing that top soil in a special waste area, a hazardous material waste containment area. Where you have to pay rent on that hazardous material. The cost to do these things are astronomic. It can be anywhere between, you know, 200,000 to a couple million, to a couple hundred million dollars, depending on the scale and the size of the site. At that point to do a phase three remediation, it just usually doesn't make sense. So we will always walk away from the facility. Usually the only people that are going to be doing phase three and above and hazardous material remediation are going to be these super large developers that are buying, you know, a super fund site, which is a site that the government has designated as an environmentally contaminated site. When you buy the sites, they're usually some type of incentive for these investors to clean up the area, build something, add some economic, you know, some economic engine to that area. But usually the costs are so astronomical that it is very, very rarely pencils out without the help of multiple government programs stacked on top of each other. So that's another piece in the contract negotiation that we always will push for. Zoning. For us, we will not buy a property that is not properly zoned. If it is not properly zoned, but we want to change the zoning. We will request that the seller change the zoning or allow us a very long continuancy to work with them, municipalities, to change that zoning for self storage. Before we close on the property, the reason we want to do that is these zoning meetings. You know, the zoning approvals may take six to 12 to 18 months. Sometimes they're not successful. So you just spent a bunch of time and money trying get the zoning approvals changed. So usually what we will do is request that the seller change those for us, or give us, you know, a 12 month or a six month contingency to do those zoning changes ourselves. If we feel confident that the city is receptive to our plans. One of the things that we always request in our purchase agreements as well is a transfer of all of the IP, all of the technical systems. So for example, if I'm buying an existing self storage facility and let's just call it one, two, three self storage. And it has onetwothreeselfstorage.com, and it has, you know, 1-800, you know, 123-self as the phone number. These are all things that we're going to want transferred to our ownership when we buy the property, because that has intrinsic value for the business. That is part of the goodwill of the business. They can pull that have memorized this number memorized as website SEO and PPC traffic going to these websites. The thing that we want to acquire with the facility as well, instead of starting from scratch. When it comes to the actual negotiations of the price, this is one of the things that I get very excited about. And I've read a ton of books on this, a few that I really recommend. The first being Never Split The Difference by Chris Voss. It's a wonderful book written by the lead FBI hostage negotiator. He turned a business later on in his career and he uses what's called Tactical Empathy. Making sure that you're really listening to what the seller wants, as opposed to just waiting to formulate a response, but really intaking what the seller is looking for and uncovering the true motivations of what the seller wants. The seller might say, Hey, I want a million bucks for this facility, but maybe what they really want is they want to be able to put both of their kids through college or both of their grandchildren through college. They want to travel for 12 months and they want an RV camper to travel around the United States. Well, those things have a monetary value and we may be able to accomplish those things for the seller. Not necessarily with a million bucks but maybe we pay them a lower price and carry some financing on the backhand. And maybe we have them seller finance the whole thing. And the down payment is just enough to start some of these, maybe, you know, each year say it's a. This is a type of deal that we've done in the past. There was, this is on a single family home, but there was a seller that wanted to put his kids through college. And the tuition at a college is $14,000 a year. So this seller was asking for the full tuition upfront, but one of the things that we start to say, Hey, why don't we pay you 14,000 a year as installments that way we still accomplish that goal that you're looking for, but it doesn't make us outflow all this cash. You know, there's this simple concept of net present value, which is cash today is worth more than cash tomorrow. So if I'm going to have to shell out a bunch of cash today, as opposed to showing out the same amount of cash over time, it's actually more advantageous for me to show up at the same cash over time. Another book I really recommend when it comes to negotiations and sales psychology is Pitch Anything by Oren Klaff. It's a book that teaches you how to speak to the risk centers of the brain. Everyone thinks that when I speak to you, you're processing it with your prefrontal cortex. The highest level of the brain. But that's really not how it works. What usually happened to the first goes through the, what they call the reptilian brain or the oldest part of the human brain. And that part of the brain just, is just a cognitive miser. It is, using brain powers so expensive on the human body, as far as energy usage, that it's better to first look at something and say, do I need to spend more time analyzing this? Or can I, you know, fight or flight it? Can I run? Is it going to, is it dangerous to me? Whatever it is. And dangerous, it doesn't have to be like physical danger, but it can be, you know, something doesn't feel right or whatever it is that usually that gut reaction you feel that is from you. Your, the oldest part of the brain, really trying to divide information and saying, Hey, does this warrant further analysis or does this, does this, you know, should we just get, get away from this as soon as possible? Then it goes up to the next level, which is kind of the emotional center of the brain. You know, how does this make me feel? How does, how does this interact with my social interact with other people? And then finally I have to mix through that process. Then it goes up to the prefrontal cortex. We started making numbers and math. And does this number make sense as the interest makes sense? So those are two really good books that we recommend all the time for investors when it comes to negotiating contracts. So let's take a step back. We've gotten all our due diligence materials. We've ran through all the numbers and we've found a number that makes sense or a creative financing structure that makes sense with the seller. At this point, we put it on paper. And now we need to start verifying everything. This is going to be, you know, we're going to do market studies. We're going to do competitor analysis to see if all the competitors are full or not full. We're going to see if there's a value add potential to this facility. Maybe I'm buying below my threshold. My typical annual returns that I'll buy at my cap rates. But this say this facility has the ability to be doubled in size and to double the income, you know, over a relatively short period of time, maybe 18 months, then it may make sense to buy it at a lower return because the future value, we can push that value farther up. Now, sometimes it doesn't go according to plan. Sometimes through your due diligence period, you find things that you were not familiar with, or that were misrepresented, and then you're going to have to renegotiate. And one of the biggest things I tell people when it comes to negotiating contracts is, you truly have to be prepared to walk away from the deal. Whoever is willing to walk away from the deal has the upper hand in the negotiation situation. So here's a perfect example. I was buying a self storage facility in the mountains of Tennessee. And when we were speaking with a seller, all the numbers really looked good. Everything looked great. When we asked him about the condition of the property said, Oh, everything's basically brand new, go check it out. Well, it turns out about 45 days into our due diligence period. We took a plane out there and when we walked the facility, we were in awe. When he said everything was new, what he meant was he just painted over any defects in the facility, pretty terribly. But what we found is that all 118 doors are rotted out. So we're going to have to change out all those doors. We're going to have to repair the roofs. We're going to have to level the gravel, the electrical system for the gate wasn't working properly. There was a ton of water damage throughout some of the units had water leaking into them. That was tough. We were on 825 or 850 on the purchase agreement. And I had to call the seller and say, Hey, you know, Mr. Seller, this doesn't, this is not what we agreed to. You said everything was new. When we got to the facility, the manager told us you haven't seen the facility in five years. You haven't been there in five years. You lived in a different state. And that she had requested multiple times to fix a lot of the deferred maintenance, which you refuse to do. So because of that, you know, we're going to have to drop the price about $150,000. And he was, you know, that's not what we agreed upon. We had a contract at this price and I just told him, I said, Mr. Seller, you know, we had a contract based upon the information you gave me. And you told me "Everything is basically new" I'm seeing that we're having a ton of work here. That's going to have to be done. You can either walk away now, or you can lower your price. Well, he was having a hard time lowering his price. So what we ended up doing was hiring a third party to do these assessments for us. So we hired an engineering company. Usually it's a civil engineer, they'll perform this work and they will do, what's called a Property Condition Assessment or a PCA. Usually you can order the PCA and the phase one environmental at the same time and get a better price. So the civil engineer went out to the site. He went through everything, he took a hundred something photos. He did an in depth analysis and he actually created a chart that said over the next 10 years on a yearly basis, here's how much in repairs and deferred maintenance that you will have to fix every year for the next 10 years. And that added up to about $150,000. Well, at that point, I sent that report. The PCA over to the side said, listen, this is not me Fernando saying, I need $150,000. This is a third party, civil engineer that put his license on the line to say that this facility needs 150,000 in deferred maintenance because you neglected it. So there's two ways the seller can make money, right? They can make their money now, or they can make their money later. What the seller chose to do was to make his money now, and as opposed to putting money in and doing the preventative maintenance that would have cost so much less than 150,000, he decided to not put a single diamond to the property, pull all of the money out as possible, just bleed it dry. But then when it came to go sell, he couldn't sell it for the price that he wanted because all of that deferred maintenance was going to have to be recaptured in that purchase. So in the end, we got the property reduced down to 725,000. I was able to cut a couple of deals with some of the contractors to get the price down to where we needed. And we were able to get a really successful deal there. Ended up buying that facility at, I believe somewhere between a 9% and a 10% cap rate today. And then we added a bunch of self storage, climate control, increase the management systems. We increase the occupancy, we did all the evictions that were needed. So that was a really good deal. So that's what I'd say is as far as negotiating contracts, you have to be very careful, not only with the contract terms that you're asking for, because in the end of the day, it's not what you said to each other. In a court of law, the only thing that matters is what was written down on the purchase agreement. So you have to be very careful with the types of terms that you're requesting. And then the second component of that is making sure that you're getting the price to where it needs to be, and that it's accurate and telling the seller upfront, listen, you know, here's how we buy based off of these criteria. And if everything you're telling me is factual, then this price will stay the same. But if there's any misrepresentations in here, we're going to have to drop a price. And we tell that to them upfront, and it usually helps a lot. And it almost puts the ownness of being truthful on them. From the beginning, before we even start the relationship to go down the road of buying the self storage facility. My name is Fernando Angelucci. And I'm The Storage Stud.

[christianniro21]

Industrial Warehouse for Sale Chicago

Find Chicago, IL Industrial Warehouse for Sale on warehousefinder. Search a variety of industrial properties, from small warehouses to large distribution centers.Our affiliate will go through the entire process with you to acquire the Chicago Industrial Warehouse space you need. For More Info Please visit our website- https://warehousefinder.net/metro/chicago/

[ericvick]

A&G to Auction 19-Acre Industrial Redevelopment Parcel in Hammond, Indiana

The 19.34-acre Hammond, IN (metro Chicago) redevelopment parcel has access to Class I railroads and provides easy access to I-90 and I-80/I-94. The site is also just 5 miles away from the Gary/Chicago International Airport.

MELVILLE, N.Y.– A&G Real Estate Partners is now accepting bids for a 19.34-acre industrial parcel located approximately five miles from the Indiana/Illinois border and 25 miles from downtown Chicago.

The bid deadline in the bankruptcy sale of the Hammond, Indiana, property is April 16.

The 19.34-acre Hammond, IN (metro Chicago) redevelopment parcel has access to Class I railroads and provides easy access to I-90 and I-80/I-94. The site is also just 5 miles away from the Gary/Chicago International Airport.

The redevelopment parcel has access to Class I railroads and provides easy access to I-90 and I-80/I-94. The site is also just 5 miles away from the Gary/Chicago International Airport.

Located just off the Indiana Toll Road (I-90) and I-80/94, the property includes 115,000 square feet of buildings ranging up to 31,765 square feet in size. The buildings are in various states of condition and some will require demolition as part of a redevelopment plan. They were primarily used for manufacturing and warehousing, with the warehouse structures offering multiple shipping and loading docks.

The property has access to Class I railroads (16 rail carriers in total) and boasts easy access to I-90 and I-80/I-94 via the via heavy truck routes U.S. 20 (Michigan Street) and S.R. 912 (Cline Avenue). In addition, the Gary/Chicago International Airport is just five miles away from the parcel.

“Given Indiana’s pro-business environment, lower taxes and excellent incentives, as well as the proximity of this site to intermodal transportation, this property presents an appealing real estate acquisition for industrial users or developers across the region,” said Jamie Coté, A&G Senior Managing Director, Real Estate Sales.

An online Due Diligence Room with bid procedures, documents and other relevant details is available subsequent to interested parties’ execution of a Confidentiality Agreement.

Email jcote@agrep.com to obtain a copy of the Confidentiality Agreement, schedule an appointment to view the property, or receive additional information.

For additional information on the property, visit the home page of www.agrep.com

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[orbemnews]

As Online Shopping Surged, Amazon Planned Its New York Takeover When the pandemic gripped New York City, it propelled an enormous surge in online shopping that has not waned, even in a metropolis where stores are rarely far away. People who regularly bought online are now buying more, while those who started ordering to avoid exposure to the virus have been won over by the advantages. The abrupt shift in shopping patterns has made New York a high-stakes testing ground for urban deliveries, with its sheer density both a draw and a logistical nightmare. It has also highlighted the need for an unglamorous yet critical piece of the e-commerce infrastructure: warehouse space to store and sort packages and satisfy customer expectations for faster and faster delivery. Amazon has spent the pandemic embarking on a warehouse shopping spree in New York, significantly expanding its footprint in the biggest and most lucrative market in the country. It has snatched up at least nine new warehouses in the city, including a 1 million-plus square foot behemoth rising in Queens that will be its largest in New York, and today has at least 12 warehouses in the five boroughs. And it has added to its roster more than two dozen warehouses in suburbs surrounding the city. No other large competitor has a single warehouse in the city and Amazon has largely left most of its chief rivals, like Wal-Mart and Target, behind. “Amazon had people making deals,” said Adam Gordon, whose real estate firm Wildflower owns several warehouses in the city. “And they were outcompeting.” While New York’s narrow streets, chronic traffic jams and brutal lack of parking are all formidable challenges, the city also has a severe shortage of warehouses just when they are most needed to properly grease an efficient delivery system. New York has about 128 million square feet of industrial space, far less than many smaller cities. Indianapolis, whose population is just one-tenth that of New York’s, has nearly double the space. Chicago is the nation’s leader with more than 1.2 billion square feet. Many packages come to New York from New Jersey and Pennsylvania, where there is room to build bigger and cheaper warehouses. And in the past year Amazon has added 14 new warehouses in New Jersey and on Long Island, totaling more than 7 million square feet. But having warehouses in the city is more cost effective and can trim roughly 20 percent off delivery expenses compared with deliveries that originate in New Jersey. “We are excited to continue to invest in the state of New York by adding new delivery stations,” said Deborah Bass, an Amazon spokeswoman, adding that the company’s goal was to “become part of the fabric of New York City by embracing the people, the needs, and the spirit of the community.” Amazon’s rapid expansion in New York has also drawn more scrutiny to the treatment of its workers, an issue that the company has faced in other parts of the country. Amazon has sought to quash efforts by warehouse employees to form unions — including on Staten Island — and a high-profile battle is currently being waged in Alabama. In New York, the attorney general has sued Amazon over conditions at two of its local warehouses, accusing the company of failing to properly clean its buildings and conduct adequate contact-tracing, as well as of taking “swift retaliatory action” to silence employee complaints. An Amazon spokeswoman disputed the allegations and said the company cared “deeply about the health and safety” of its workers. Amazon’s growth in New York comes two years after it abandoned plans to build a gleaming new headquarters in Queens. A chorus of lawmakers and progressive activists had opposed granting one of the world’s wealthiest companies billions of dollars in government incentives that the giant retailer had won by making cities compete against each other. But New York remains an alluring prize, and Amazon’s string of warehouses in the city puts it in a strong position to benefit from the huge spike in online shopping set off by the pandemic. Roughly 2.4 million packages are delivered in the city every day, nearly half a million more than before the pandemic, and city data shows that 80 percent of deliveries are to residential customers, compared with 40 percent before the outbreak. The torrent of e-commerce crosses all categories: daily grocery deliveries have more than doubled, restaurant and prepared food deliveries have increased by 12 percent and household goods deliveries have jumped by 24 percent, according to an analysis by José Holguín-Veras and Cara Wang, professors at Rensselaer Polytechnic Institute who work on transportation issues. “The challenge now is urban deliveries,” Mr. Holguín-Veras said. “And if you look at the numbers, they are only going to increase.” While there will likely be some decline in orders as the outbreak eases, the overall trajectory is clear, experts say. “The pandemic has accelerated the adoption of e-commerce by five years in one year because users have been forced to adapt,” said Marc Palazzolo, a transportation consultant for Kearny, a consulting firm that has advised the city’s business leaders on e-commerce. By 2045, the total volume of freight moving through New York City is expected to hit 540 million tons a year, up from 365 million tons today, according to city data. Still, the online shopping boom will only worsen problems like congestion and pollution that were already bad before the pandemic, sending flotillas of delivery trucks across the city and flooding sidewalks and lobbies with packages. It has come during a perilous period for New York’s small businesses, which have been battered by the pandemic with nearly 3,000 having closed for good as of last August, according to the most recent data available from the city comptroller’s office. Small businesses struggle to compete online with retailers that typically charge less for the same items and have a far more robust delivery infrastructure. “Building e-commerce capabilities isn’t easy,’’ said Jonathan Bowles, executive director of the Center for an Urban Future, a research organization. “It requires a lot more than just having a website.’’ For larger retailers, having warehouses closer to consumers will become more crucial in an increasingly competitive online market. But the city, once a manufacturing center filled with factories, is not particularly welcoming. To try to protect residential neighborhoods from pollution and traffic, zoning rules limit the construction of warehouses to designated manufacturing districts. “There’s no more space to build new warehouses, so it’s leaving most retailers out of the growth,” said Gabriel Cepeda, the founder of Pickups Technologies, a storage and logistics company. Construction is underway or about to begin on new factories that will have roughly 8.7 million square feet of space in all, including a 1.2 million square-foot UPS site in Red Hook, Brooklyn. Three warehouses under construction will have multiple levels, which is common in Asia, and multiple loading docks that can be used by one company or divided among several. Amazon has signed leases at two of them. The opening of warehouses has brought some economic benefits, leading to the hiring of thousands of workers — some part-time jobs start at $17.25 an hour — at a time when many city residents are jobless. Mr. Cepeda is creating a homegrown distribution system of “mini-warehouses.” He has recruited more than 1,000 residents in Manhattan and Brooklyn who will get paid to use their apartments to store goods for retailers and send them out for delivery. Amazon, which owns Whole Foods, has also used the grocery stores to fulfill online orders, with its workers often outnumbering store customers. Walmart had a warehouse in the Bronx through Jet.com, a now-defunct shopping site it owned, but later vacated the property, which is now leased by Amazon. Wal-Mart — which has no stores in the city — uses warehouses in Pennsylvania to serve online customers. Target, which started same-day delivery in the city in 2017 and has about two dozen stores in New York, has used its stores as mini-distribution hubs, in part because it is cheaper to fulfill an online order in a store than at an out-of-town warehouse. Many smaller companies are feeling the pressure to expand their online and delivery operations. Stop & Shop has hired hundreds of workers to increase its online grocery service in the New York area, including at a warehouse in nearby Jersey City. Pat LaFrieda Meat Purveyors, the butcher for many high-end restaurants, has spent more than $1 million on its online and retail sales operations, selling to shoppers on its website and through Amazon Fresh and ShopRite. That business made up as much as 90 percent of the company’s sales in 2020, up from 15 percent before the pandemic. “Home delivery will be prominent for the next decade,” Mr. LaFrieda said. “It will be key to our success.” The company has reconfigured its New Jersey warehouse to prioritize retail sales and designed new packaging for online customers. While Amazon is laying the foundation for online dominance in New York, Mr. Gordon, the owner of several warehouses, said other retailers would also need to become more nimble to respond to the new ways people are buying. The e-commerce demands also place added pressure on warehouse workers and drivers to fulfill and deliver orders on time, as customers now expect. “Just-in-time delivery and last-mile delivery is what it means,’’ Mr. Gordon said. “You need to be very close to your customer to provide the level of service that people now expect.” Source link Orbem News #Amazon #Online #planned #Shopping #surged #takeover #York

[pkstudiosindia]

Businesses Scaled Back in Recent Weeks as the Virus Surged and the Fast Recovery Faded – Barron’s

Businesses Scaled Back in Recent Weeks as the Virus Surged and the Fast Recovery Faded – Barron’s

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The Dallas Fed mentioned ‘increasing Covid-19 infections…have disrupted the budding economic recovery in some sectors and is the biggest risk to the near-term outlook.’ Here, a Covid-19 testing website in Dallas earlier this summer time.

Getty Images

The U.S. financial system was nonetheless rising in July and early August due to a booming housing market and sturdy automotive and furnishings gross sales, however the tempo of restoration has slowed due to troubles in different sectors that largely have been damage by the pandemic.

According to stories from the Federal Reserve’s newest beige e-book amalgam of anecdotal insights from regional Fed banks’ native enterprise contexts, weak spot was significantly evident in business actual property (excluding warehouses and labs), vitality, agriculture, and hospitality,

The beige e-book’s image suits with the latest macro knowledge printed by the Census Bureau, the Bureau of Labor Statistics, the Fed, and the Bureau of Economic Analysis, all of which point out that the sturdy rebound in May and June has given technique to slower progress as the virus reasserted itself and the federal authorities withdrew revenue help. The newest stories don’t embrace info for many of August.

The St. Louis Fed reported that “tourism and hospitality contacts reported that higher Covid-19 cases over the past month have reduced demand,” whereas the Philadelphia Fed warned that “uncertainty is extremely high as contacts await layoffs, evictions, foreclosures, and bankruptcies while the coronavirus persists and the stimulus ends.”

Many companies that had initially anticipated the quick restoration to proceed have “scaled back” their outlook due to the slowdown, as the Cleveland Fed famous. Sometimes this meant reversing “hazard pay,” as the Boston and San Francisco Fed famous, and different occasions it meant “rising instances of furloughed workers being laid off permanently as demand remained soft.”

On the different hand, some companies reported that they had been growing their job postings and that that they had difficulties getting employees due to the shortages of secure and reasonably priced youngster-care choices.

There had been some fascinating regional variations. The worst information got here from the Dallas Fed, which reported that “increasing Covid-19 infections in the Eleventh District have disrupted the budding economic recovery in some sectors and is the biggest risk to the near-term outlook.”

The New York and Philadelphia Fed districts didn’t should cope with the virus however had been nonetheless gloomy. The New York Fed reported that progress “stalled in the latest reporting period, even as the spread of the virus has remained subdued and more businesses have gradually reopened,” whereas the Philadelphia Fed famous that “business activity changed little.”

Most different districts, together with Atlanta, Boston, Cleveland, Minneapolis, San Francisco, and St. Louis reported that progress was barely optimistic, with “modestly” ceaselessly used to explain the enchancment in financial circumstances. The Chicago Fed had higher information to report, ceaselessly saying that the financial system was rising “strongly” although “the pace of growth was slower than the prior reporting period.”

Write to Matthew C. Klein at matthew.klein@barrons.com

The post Businesses Scaled Back in Recent Weeks as the Virus Surged and the Fast Recovery Faded – Barron’s appeared first on Pet Food India.

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[smthjones-blog]

Warehouse for Sale in Chicago in Lincolnwood

This Chicago warehouse boasts high visibility among the other commercial buildings surrounding in the area.  This 45000 sqft property is located near many shops, parks, and eateries, within walking distance of the Lincolnwood Town Center. 22′ceiling height. 14 docks. 6 drive-in doors. Utilities include  lighting, water, sewer, and electricity. Visit the website for more details! 

[koreanpike3-blog]

5 Things To Know About City Council’s Halloween Meeting

Chicago aldermen, some dressed in elaborate Halloween costumes, met for a packed day of tricks and treats on Wednesday. Some big-ticket development projects got the greenlight from aldermen, including a land lease for the Obama Presidential Center, despite a legal challenge to that deal.

And with the city election around the corner, aldermen are introducing plans to get ahead of neighborhood issues that could decide some city council seats, like parking tickets and affordable housing.

Here’s a look at what else went down in your city government today.

Aldermen: Make the rich pay for homeless services, lead abatement, pensions

With limited options for new revenue in Chicago, all eyes are on a one-time tax the city imposes on sales of expensive properties. Three aldermen who represent rapidly gentrifying neighborhoods want to increase the tax to cover homeless services, most of which are funded at the whims of state and federal governments, and private grants. The Council’s Progressive Caucus wants that revenue to cover lead abatement in the city’s water pipes. And Ald. Matt O’Shea (19th Ward) wants that money to cover police and fire pensions.

Ald. Gilbert Villegas (36th Ward) says with the election around the corner and serious tax fatigue among voters, it’s the only practical option. The Association of Chicago Realtors opposes the plan, saying home sales shouldn’t be tied to any of those issues.

All three proposals have been sent to Rules Committee, chaired by Ald. Michelle Harris (8th Ward).

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If any resolution makes it out of the committee known as “the place where legislation goes to die,” the question would go before voters in February.

Mayor Rahm Emanuel shot down the idea of increasing the tax on expensive property sales.

“I don’t think you should treat the homeowners as an ATM machine,” Emanuel said. “I think that’s a mistake and I think that will actually impact other things economically that affect the well-being of the city.”

Most ballot questions in Chicago are nonbinding, meaning even if it ended up as a question on the ballot in February and people voted in support of it, city law wouldn’t change. State law requires a binding referendum for any increase of the real estate transfer tax. The last time this happened was in 2008, when the city hiked the tax for the Chicago Transit Authority (CTA).

Anticlimactic end to civilian control of police

There were no eruptions from the gallery, no grandstanding by the lead sponsor, no discussion at all, just a quick note that the plan for civilian control of the Chicago Police Department died in committee earlier this week. Public support for the plan known as “CPAC” was made known at dozens of community meetings on police reform held across the city.

It would have made sweeping changes to how allegations of police misconduct are investigated. An elected board, one representative from each of the city’s 22 police districts, would have had sole control, because it would have abolished the city Police Board, the newly minted Civilian Office of Police Accountability (COPA), and the Bureau of Internal Affairs within CPD.

A less dramatic plan, known as GAPA, is still in play. With the election around the corner, more aldermen are signing on to that plan as co-sponsors.

Related: What’s the difference between CPAC and GAPA?

New office to enforce minimum wage, workers rights

Chicago has passed a number of laws to protect workers in recent years, including an increase to the minimum wage, a requirement to offer paid sick days, and an anti-wage theft ordinance. But as the new laws went into effect, advocates grew concerned that many businesses were not complying.

Over the last year, they lobbied aldermen and worked with city officials to create a new Office of Labor Standards. Aldermen approved the creation of the office at today’s meeting and it’s expected to launch in 2019.  

At a press conference before the vote, members of ARISE Chicago, which fought for the new office, celebrated its creation, and thanked aldermen who ushered it through City Council, including Ald. Roberto Maldonado (26th Ward).

“It is a shame that there are so many businesses in the city of Chicago that take advantage of the workers that make their profits keep going up, up, and up every year,” Maldonado said. “I’m going to make sure that moving forward, once we open up the office, that it is really doing what it’s supposed to do.”

Several major redevelopments approved

In addition to clearing the way for the Obama Presidential Center to break ground in Jackson Park, the city greenlit a few large redevelopments downtown.

The first is the redevelopment of the former Tribune warehouse along the Chicago River. According to the zoning change approved Wednesday, the waterfront site will now include offices, a hotel, retail space, and nearly 6,000 residential units. The location is prime real estate given its proximity to downtown and connection to the soon-to-be re-developed North Branch Industrial Corridor. Residents close to the North Branch area have expressed concerns with increased development causing traffic congestion and limiting potential green space around the river.

The council also approved a major construction plan at Union Station, including an extension on top of the historic Head House building that will house a hotel. There will also be a new office tower next door and a park where a parking garage now stands.  

Some aldermen want to legalize, regulate video gambling in the city

Ald. Gilbert Villegas (36th Ward) introduced a measure that would “allow for sweepstakes machines to operate in the city of Chicago,” he said.

The sweepstakes devices operate much like video gambling machines — which are forbidden in Chicago — and have spread across Chicago, WBEZ reported in August.

The state’s Gaming Board says sweepstakes machines are not legal, but operators of the devices say they’re just taking advantage of a loophole in Illinois law.

“There’s some confusion about whether they’re legal or not,” Villegas said.

He said his proposal would let the city license sweepstakes machines — and tax them.

A council committee recently held a hearing on another proposal to clearly ban the devices. The chief sponsor of that pending ordinance is mayoral floor leader Patrick O’Connor (40th Ward), and a majority of aldermen have signed on to the measure.

Dan Mihalopoulos contributed to this report.

Source: https://www.wbez.org/shows/wbez-news/5-things-to-know-about-city-councils-halloween-meeting/49bb38b4-9290-4246-bb92-ee90b14c5d4f

[koopatzi]

Outfit your outside dwelling spaces,decor patio furnishings and back garden furnishings tips. We need to have to contact it as it really is, and this is what we are having to deal with in this article, As Africans of Mzantsi. Teak patio sets can run double the expense of an equivalent cherry or pine set. I am producing this piece ahead of the avalanche of claims and wrong record of this memorable day get started to flood the Social Media, nowadays.

The e-tolling system, to appear into effect in April, by which South Africans would have to pay back to use public roads, has also proved unpopular, our correspondent said, with strikers saying that scheme is also where to shop for outdoor furniture high priced and that the government must match the invoice of servicing and protecting roadways. There is a plethora of internet websites for home furniture manufacturers and dealers, area malls, and warehouse retailers which demonstrate their catalogs and furniture coupon codes on the World wide web; be positive to evaluate charges ahead of you decide on a brand or a retail store.

You can also earn specific cut price for confined time for this item. This is particularly the case when you've got left your teak patio furniture outside the house by means of the winter. However, a roof goes a long way and our 12 months round mild climate (as in comparison to, say, Chicago's) means that even in incremental climate a coated outside area can acquire lots of use. This is important simply because covers with no any ventilation will problems your furniture. South African rental-automobile businesses are solidly booked. Devoid of doubt, Fireplace & Garden Barbeque Grill Cover, 58 Inch is just one of high-quality items you can order online. Use individuals resourceful tips and fun do it you initiatives to collect the suggestions and commitment you need to settle for your outdoor best cast aluminum patio furniture spaces to the future stage. Any alter in Africa is viewing have to be premised upon African starting off to see, respect and occur collectively devoid of the in-developed colonial head-sets. If you never have patio home furnishings, take into consideration obtaining some at a property sale or thrift keep and creating it look like refreshing by including some new pillows and repainting with some rust-repelling spray paint. It would be far better if you retailer from the area home home furnishings suppliers primarily when the summer months ends for the reason that they possibly promoting home furnishings at deep savings.

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Motor Lamination Market Size, Share, Growth, Trends, and Forecast, 2019 - 2027

Motor laminations are developed using electrical steel laminations. Silicon steel or commonly called as electrical steel, is a type of steel that has integrated silicon in it. This addition of silicon in steel helps in increasing the electrical resistance of the material and it also helps in enhancing the capacity of magnetic fields to pass through it. Moreover, it also aids in cutting down the hysteresis loss of the steel. Motor laminations are primarily used in the fabrication of motor units. These materials are used for enhancing the functional properties of the motor units and it also helps in reducing the machine losses.

In the retail market, motor lamination is commonly referred to as rotor lamination or stator lamination. These materials are the metal part of the rotor and stator. They comprise of thin sheets of lamination piled up together. These motor lamination materials can be stacked, bonded, and welded together, depending upon the application need. The process of motor lamination is an important part of the motor designing. It is also imperative to select right kind of material for motor lamination as several properties mainly depend upon the type of material used for the lamination. Motor output, cost, weight, and heat rise are some of the important features that are extremely influenced by the form of material used for the motor lamination.

Some of the key insights of the global motor lamination market are given below:

Several types of motor lamination materials are present in the retail market. The choice of material used for motor lamination differs in terms of size and weight of the assembly of motor and also depends of several characteristics such as core losses, flux density, cost, and permeability among others.

The processing of motor lamination material can have a great influence on the overall efficiency of the unit that is being assembled. In the retail market, the demand for the steel-based products for motor lamination is highly prominent.

Global Motor Lamination Market: Introduction

Motor lamination refers to stator lamination and rotor lamination in the commercial market. The motor lamination process is an essential part of motor designing. The increase in automobile production is the key factor that drives the global motor lamination market. Boost in production and sales of different types of vehicles across various regions has augmented the demand for motors used in vehicles for different applications. This is likely to increase the demand for motor lamination.

Global Motor Lamination Market: Competitive Landscape

Euro Group S.p.A.

Founded in 1987, Euro Group S.p.A. is headquartered in Milan, Italy. The company is involved in supply of products such as electric motors and generators for manufacturers. It offers electrical steel laminations, die cast rotors, carbide dies, blanked and notched laminations, compound tools, and laminations and components for small electrical motors for prototypes and series products. The company provides its products and services for aerospace, domestic appliance, power tool, compressor, elevator and lift, automotive, hermetic motor, pump, machine tools, energy production, and handling equipment applications.

Alliance Steel, Inc.

Incorporated in 1971, Alliance Steel, Inc. is based in Oklahoma City, Oklahoma, U.S. The company is engaged in manufacturing of steel building and steel building components. The company is specialized in standing seam metal roofing, retro-fit roofing systems, steel buildings, mini-warehouse systems, metal building components, and metal wall panels. Alliance Steel, Inc. operates as a subsidiary of Associated Steel Group, LLC from January 2014.

To Get Glimpse of what our report offers, Ask for a Report Brochure here

Pitti Engineering Limited

Established in 1983, Pitti Engineering Limited is headquartered in Hyderabad, India. The company was formerly known as Pitti Laminations Limited. It manufactures electrical steel laminations, sub-assemblies, motor cores, die-cast rotors, and press tools. The company has already extended their operations into developing of castings, machined components stator and steel fabricated parts along with rotor assemblies with plans of diversifying into forgings.

United States Steel Corp.

Incorporated in 1901, United States Steel Corp. is based in Souderton, Pittsburgh, Pennsylvania, U.S. It is engaged in production and selling of tubular steel and flat-rolled steel products primarily in North America and Europe. The company operates through three business segments: North American Flat-Rolled (Flat-Rolled), Tubular Products (Tubular), and U.S. Steel Europe (USSE).

Tempel Steel Company, Inc.

Established in 1945, Tempel Steel Company, Inc. is located in Chicago, Illinois, U.S. The company is a leading manufacturer of precision magnetic steel laminations for automotive, generator, transformer, motor, and lighting industries. It has its manufacturing facilities in China, India, Canada, Mexico, and the U.S.

Other prominent players operating in the global motor lamination market include Partzsch Elektromotoren E.K., Wingard & Co., Laser Technologies, Lawkim Motors Group, and R. Bourgeois.

Global Motor Lamination Market: Dynamics

Integration of In-wheel Microdrive Systems

The in-wheel microdrive system refers to a direct drive system in which the wheel is directly connected to a motor without any gearbox. This system enables small motors to gain high torque. Furthermore, this system minimizes the space occupancy and gives large room for the battery pack and luggage. In the past, conventional motor inverter system caused the motor to become unusable if there was any failure in any unit of the inverter. The microdrive system work with reduced performance even though one of their units fails. Such advantages are anticipated to have a positive impact on the global motor lamination market in the next few years.

High Manufacturing Cost and Fluctuation in Raw Material Prices

Fabrication of motor lamination material requires a considerable amount of mechanical energy as well as forces. Thus, it enhances the overall cost of manufacturing of motor lamination materials. In addition, any fluctuation in raw material prices causes a hesitation among manufacturers regarding their adoption, thereby hindering the global motor lamination market.

To Get a Bird’s Eye View of Market Forecast, Ask for a Custom Report here

Global Motor Lamination Market: Segmentation

The global motor lamination market can be segmented based on:

Material Type

Technology

Vehicle Type

Electric Vehicle Type

Application

Region

Global Motor Lamination Market Segmentation – By Material Type

Depending on material type, the global motor lamination market can be divided into:

Steel

Nickel Alloys

Cobalt Alloys

Others

Cold-rolled

Silica-steel

Grain-oriented

Global Motor Lamination Market Segmentation – By Technology

In terms of technology, the global motor lamination market can be segregated into:

Welding

Bonding

Others

Global Motor Lamination Market Segmentation – By Vehicle Type

Based on vehicle type, the global motor lamination market can be classified into:

Passenger Car

Light Commercial Vehicles

Truck

Bus

PRN Link: https://www.prnewswire.com/news-releases/global-3d-printing-market-polyjet-fdm-sls-sla-is-expected-to-reach-usd-7240-million-by-2019-transparency-market-research-245945431.html

[un-enfant-immature]

Top LA investors discuss the city’s post-COVID-19 prospects

When it comes to venture capital, Los Angeles is a city on the rise.

In the past year, it’s seen one of the most profitable venture-backed exits of any tech ecosystem (with the $4 billion sale of Honey to PayPal) and investors are minting billion-dollar companies in the region at a torrid pace. It’s also the city where investors are spending the most money outside of venture capital’s big major hubs: San Francisco, Boston and New York.

While Los Angeles has a lot going for it, that also means it potentially has a lot to lose in the current economic downturn. California continues to be hard-hit by COVID-19, despite local and state officials working to reopen businesses.

TechCrunch surveyed some of the city’s leading investors in sectors like property technology and cannabis to get their take on how the city may survive — and potentially thrive — in a new era ushered in by the response to the pandemic.

From larger fund investors like Mark Suster and Kara Nortman at Upfront Ventures to Dana Settle at Greycroft Partners; to early-stage investors like Will Hsu at Mucker Capital; TX Zhuo at Fika Ventures, the responses were generally upbeat about the future opportunities for Los Angeles startups.

Even specialist fund investors like Karan Wadhera of the cannabis-focused investment firm Casa Verde Capital and Brendan Wallace at the real estate-focused firm Fifth Wall believe that Los Angeles will thrive in the post-COVID world.

As Mucker Capital co-founder Hsu writes, “There are far more great companies than there are venture dollars here in LA. Investors in other cities should continue to see LA as an underserved ecosystem with huge opportunities.”

Mark Suster, managing partner, Upfront Ventures

Kara Nortman, partner, Upfront Ventures

Will Hsu, Mucker Capital

Dana Settle, Greycroft Partners

Karan Wadhera, Casa Verde Capital

Brendan Wallace, Fifth Wall

TX Zhuo, Fika Ventures

Image Credits: Getty Images/ROBYN BECK/AFP

Mark Suster, managing partner, Upfront Ventures

How much is Upfront focused on investing in the local LA ecosystem versus less geographically focused? 

Upfront invests about 40% of its investment dollars in the great LA market and invests about 40% split between the Bay Area and NYC. Upfront has always invested nationally and internationally with the final 20% and we have produced significant exits in Chicago, Baltimore, Paris, London and Las Vegas to name a few.

Where we do invest outside of LA of course we bring all of our contacts and relationships to bear, which makes us a logical choice for any startup raising capital where having access to the biggest influencers, media companies, academic institutions and medical professionals can help propel the company’s success.

How do you think COVID-19 will change entrepreneurial activity in Los Angeles?

It’s true that some startup businesses have been impacted by this pandemic but as we’re learning a few short months in, there has been much more acceleration of the trends leading toward technology growth that were already in place.

Specifically addressing some LA-based companies we can share with you the trends we see directly with demand data:

We already knew that telemedicine made sense for doctors and patients and now this trend has accelerated, regulations being lessened and cultural barriers overcome. We see a huge growth in food production and preservation (Apeel Sciences, for example) and food distribution (such as ChowNow). The need to reduce people in warehouses has propelled demand for robotics/automation for companies like inVia Robotics and the need for remote monitoring has helped LA-based DroneBase.

[walterfrodriguez]

Elion Partners pays $26M for Boynton Beach warehouses

1210 Southwest 35th Avenue and Elion Partners Shlomo Khoudari

Industrial real estate in Palm Beach County continues its hot streak.

Elion Partners bought two warehouses in Boynton Beach for $25.8 million.

The North Miami Beach-based firm purchased 1210 Southwest 35th Avenue and 1200 Southwest 35th Avenue, with a combined 106,457 square feet. The price equates to $242 per square foot, records show. A company tied to Exeter Property Group sold the two warehouses.

The combined property spans 12 acres.

In 2017, Exeter purchased the land at 1210 Southwest 35th Avenue for $750,000, and built the warehouse in 2018, records show. Exeter paid $7.1 million for the property at 1200 Southwest 35th Avenue in 2015. That warehouse was built in 2000.

Elion, led by Jack Azout, Sylvain Argy, Juan DeAngulo and Shlomo Khoudari, has over $1.5 billion in real estate assets and 73 active properties, according to its website.

The company is a prolific buyer in South Florida’s commercial market. In July 2018, Elion bought a 59,135-square-foot-warehouse in northwest Miami-Dade for $7.23 million or about $120 per square foot. And Elion Partners paid $9 million for the Weston Business Plaza at 11800-1880 North Commerce Parkway in March 2018.

Elion Partners is also planning to build a sprawling industrial complex with up to 30 million square feet of warehouses outside Chicago, along with a master-planned village for truckers and other highway travelers.

With a limited supply of industrial properties and growing demand for e-commerce, industrial continues to remain one of South Florida’s best performing asset classes. In Palm Beach County, industrial investment sales jumped 50.2 percent in 2019, year-over-year, to $283.6 million, according to a recent report from Avison Young.

The post Elion Partners pays $26M for Boynton Beach warehouses appeared first on The Real Deal Miami.

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[brigantinereal]

Commercial Real Estate Prices Still Trending Up in 2019 Q1

Amid sustained economic expansion and the lowest unemployment rate since 1953, commercial property prices are still broadly trending upwards although at a modest pace compared to past years, according to NAR’s 2019 Q1 Commercial Real Estate Trends and Outlook Report.

Sales Activity

In the small market (less than $2.5 million deals), commercial property prices rose modestly by one percent from a year ago (seven percent in 2018 Q1). REALTORS® typically transact in the small market, with the average sales at $1.2 million in 2019 Q1.[1]  In the large market ($2.5 million and above deals), Real Capital Analytics reported that commercial sales price rose six percent nationally (nine percent in 2018 Q1). The National Council of Real Estate Investment Fiduciaries (NCREIF) Index and the Green Street Advisors Price Index also show a modest annual increase of two percent in 2019 Q2.

In both the large and small markets, the cap rates were slightly above six percent. Multi-family was the top-performing asset class in both the small and large market, with the lowest cap rates (which means high prices). Industrial properties were the second-best performing asset class in the large market, mainly for flex properties (essentially a combination of warehouse, office, showroom buildings). In the small market, hotels (likely Class B/C) were the next best performing asset.

According to REALTORS® who participate in the small market survey, cap rates in the small market continue to tend downward.  One reason may be that demand is moving towards suburban areas where commercial properties are less expensive. According to Real Capital Analytics, commercial prices in non-metro areas rose at a faster pace in 2019 Q1 than prices in the six major metro areas of New York, Boston, Washington DC, Chicago, Los Angeles, and San Francisco: in March 2019, commercial prices were broadly up by six percent in non-major markets compared to 4.5 percent in the six major metro areas.

Leasing Activity

REALTORS® and commercial affiliate members reported a slight increase in vacancy rates in 2019 Q1 across all property types compared to the prior quarter. With vacancy rates slightly trending up, REALTORS® reported a slight decrease in leasing volume (-0.10%) and a modest increase in leasing rates (2.3%) in 2019 Q1 from the prior quarter.

Among property classes, vacancy rates were lowest in the multi-family market, at seven percent, followed by the industrial market, at eight percent. Retail and hotel properties had on average double-digit vacancy rates.

In 2019 Q1, the average tenant improvement allowances (per square foot) in the small market were $2 for multi-family units, $5 for industrial property, $17 for office, and $21 for retail.

Outlook

Multi-family and industrial will continue to be strong commercial asset classes. The multi-family market is expected to remain bright in metros with low vacancy rates and affordable rents. E-commerce will continue to sustain demand for industrial properties, particularly flex properties. Retail brick and mortar will continue to do well in growing metros and in retail niches that require face-to-face customer service. The office market will be sustained by the growth in technology-driven jobs. The Opportunity Zone tax break on capital gains is expected to bolster commercial and residential real estate sales in 2019-2020.

[1] The small market makes up a smaller fraction of deal volume but accounts for a larger share of buildings: according to Energy Information Administration 2012 Commercial Buildings Energy Consumption Survey, buildings 10,000 square feet or less in size account were 72 percent of all commercial buildings; https://www.eia.gov/consumption/commercial/data/2012/bc/cfm/b23.php

  from http://economistsoutlook.blogs.realtor.org/2019/05/23/commercial-real-estate-prices-still-trending-up-in-2019-q1/