Goodman Group can now add two major Los Angeles-based industrial estates to it’s acquisitions list. A former L.A. distribution center and Long Beach Boeing C-17 manufacturing plant confirm a total of 127 acres for the acquisition and will be recognized as the “Goodman Commerce Center Long Beach” and “Goodman Commerce Center Los Angeles.”
“Supply across the Los Angeles market is heavily constrained with a current total vacancy rate of approximately one percent. This makes the size and location of these facilities beneficial to prospective customers looking to improve their delivery speed to market,” said Anthony Rozic, CEO of Goodman North America. “This will be the first time these sites have been available to customers, having been owned and occupied by the former owners for a long period of time.”
Goodman confirmed it will utilize the newly acquired sites to provide its customers industrial-specific opportunities, citing the optimal urban locations as advantageous in targeting large consumer populations. The industrial property group added $3.7 billion to its U.S. development pipeline and will continue seeking logistics-focused acquisitions within the Los Angeles, Inland Empire, Northern New Jersey and the San Francisco Bay Area regions.
“As advances in technology, changes in consumer behavior and the continued urbanization of gateway cities are driving the demand for well-located industrial space, we continue to invest in, develop and manage facilities close to consumers and key infrastructure such as ports, airports and major motorways enabling customers to develop an efficient supply chain and provide faster transit times,” concluded Rozic.
Source: Goodman Group
Peli Biothermal makes the news again with the recent announcement confirming the Los Angeles-based network station this week. The purpose of the new location is to serve as a service station, offering repairs and refurbishing for the company’s reusable Crēdo on Demand shippers. This expansion also confirms the company’s plan to exceed 100 network stations and drop points for early 2019.
“Los Angeles is a major logistics hub for sea and air carriers as well as a hot spot for pharmaceutical innovation,” said Dominic Hyde, vice president of Crēdo on Demand. “As we continue to expand our Crēdo on Demand rental program, the LA network station and service centre puts customers in Asia and elsewhere in the world in closer proximity to more convenient and flexible shipping options.”
Located next to the Port of Long Beach and LAX, the network station provides competitive access to the 1,570 biotech and pharmaceutical companies in the state of California.
About Peli BioThermal
Peli BioThermal Ltd. offers the widest range of temperature controlled packaging and service solutions to the global life sciences industry. The company is the recipient of two Queen’s Awards for Enterprise: International Trade in 2018 and Innovation in 2017. The company’s products ensure that delicate biological materials arrive intact and effective, despite exterior environments. Peli BioThermal is dedicated to developing innovative products designed to fulfil the complex needs of the global life sciences industry. The company’s customers benefit from its extensive expertise in ensuring that temperature stability is maintained throughout the distribution chain. The company also offers a complete portfolio of services and software to support end-to-end temperature-controlled packaging asset management. Outside of Europe, the company does business under the name Pelican BioThermal LLC. For more information, visit pelibiothermal.com.
Source: Peli Biothermal
Build Your Dreams, which announced increasing efforts for lowered emissions in the coming years earlier last week, shows approval and appreciation to the Transportation and Climate Initiative (TCI) of the Northeast and Mid-Atlantic States for confirming next steps in producing a low-carbon transportation system, currently deemed as the “cap and invest” program, according to a release from BYD this week.
Stemming from multiple suggestions from hundreds of stakeholders in a series of listening sessions TCI hosted, the decision will ultimately align with the group idea of transforming transportation through modernization and infrastructure changes.
“Given that more than one-third of all carbon emissions come from transportation, implementing a region-wide ‘cap and invest’ program is a critical step towards reducing our growing climate threat,” said BYD President Stella Li. “Replacing the region’s dirty diesel trucks and buses with affordable zero-emission models is a win-win that will reduce greenhouse gases as well as toxic emissions that have been linked with increased asthma emergencies, cancer, and even premature death.”
Li also commented on the supportive efforts align with the recent Regional Greenhouse Gas Initiative launched in 2009 to reduce CO2 emissions:
“Electric vehicles are no longer just cars. Cities, states, and fleet operators can now use electric power to replace transit buses, waste collection trucks, refrigerated food and other urban delivery trucks, and port equipment,” Li said