Friday, December 10, 2010

Industrial Merger Could Impact Entire Market

Two of America’s largest cold storage landlords are expected to merge this quarter or first quarter of next year.
Americold and Versacold own and manage over 62 million square feet of cold storage assets in North America. With their largest footholds in Pennsylvania, Georgia and Florida, the merger would create a behemoth of cold storage assets.
The demand is minimally diminished for food/grocery storage only due to the retail demand down due to economic conditions. However, the cyclical demands shall return and the consumer will again buy in bulk and food and perishables need to be kept cold.
This prospective merger will create efficiencies and standards that will improve logistics, distribution and speed to market and consumer.
-Paul A. Waters, SIOR, CCIM, CRE, FRICS
Based in New York City, Paul Waters, SIOR, CCIM, CRE, FRICS, is Executive Vice President-The Americas at NAI Global, where he is responsible for business development and client relationships among major corporate end users of office and industrial space.

FASB 13 and its Impact on Commercial Real Estate

NAI Global and Deloitte recently partnered on a web conference exploring the impact of the FASB 13 rule changes on the commercial real estate industry. How will corporations adapt and move forward as they are compelled to report all lease transactions on their financial statements? How will that change a broker’s approach to a lease agreement, renewal or extension? All these questions and more were discussed in an hour-long web conference exclusive to NAI Global, presented by Deloitte Financial Advisory Services.
You can tap into the web conference by clicking here.