Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: DMaA who wrote (213450)	7/31/2009 9:11:14 AM
From: MulhollandDrive	Respond to of 306849

yes and no.... there is a need for 'distribution centers' but JIT manufacturing has indeed put a limit on the amount of warehouse space needed... kinda makes you wonder 'what were they thinking' oh, i know! "From 2001 through 2008, some $5.6 billion in industrial property deals were done here, according to Real Capital Analytics Inc. The winners were those who flipped properties rather than held onto them. Chicago-based First Industrial Realty Trust, for instance, turned a $60 million profit on land deals here as the market grew frothy. "It was better to take the money off the table and make a nice profit with no risk," said Kevin Czerwinski, head of First Industrial's Phoenix office. (big OOPS to the bagholder, right?)