While we lately have been highlighting all the positive things happening with the Port of Wilmington, now comes additional good news for ports in Pennsylvania. MarineLink.com reported, Pennsylvania Extends Cargo Growth Incentive Program. Pennsylvania Governor Tom Wolf announced that the state’s Intermodal Cargo Growth Incentive Program (PICGIP), which aims to increase cargo activity by incentivizing shippers to move cargo through Pennsylvania…
The team from Export Delaware recently held a Zoom meeting addressing the current business climate and opportunities for Delaware businesses in the United Arab Emirates. New trade representative in the Middle East, Joe Hepworth and James Maley-Craig of OCO Global in Dubai were introduced. It was a great opportunity to learn what Delaware and Mid-Atlantic businesses can be doing to proactively…
On the long list of things impacted by the coronavirus pandemic, commercial lending wasn’t immune to the global disruption. In fact, it’s actually the opposite. Many industry experts and analysts are saying that the impacts of COVID may change commercial lending forever. While these statements are big, it’s plain to see that they’re not exaggerated. The coronavirus wasn’t just a…
Local news site Lebtown.com has the details on the Hershey’s expansion, Hershey Co. plans million square foot South Annville Township warehouse, “The Hershey Company plans to build a massive warehouse and packaging center south of Route 422 between Annville and Palmyra in South Annville Township. Construction could start as early as this month…“This plot is located on Killinger Road and…
Jacob Owens in The Delaware Business Times has an excellent article, Gulftainer keeps sights on lofty future for Wilmington port, highlighting the changes happening at the Port of Wilmington. In the article, Eric Casey, CEO of GT USA Wilmington is interviewed and provides some excellent insight into the changes happening in Wilmington. The world’s largest independent port operator, based in…
One area of interest warehouse investors should keep an eye on is the potential for a population shift in response to lock-downs nationwide. This shift could lead to warehouse demand increasing in tertiary markets. Some estimate we could see a pretty large population movement over the next couple years as people look to move from highly dense areas into areas…
How Will the Grocery Industry Be Impacted by market conditions in 2020? The world as we once knew it has changes. It’s impossible to ignore the new ways that people are now behaving and how shutdowns have affected how people will shop for goods and groceries going forward. Numerous people have remarked their new norm for purchasing groceries involve e-commerce…
The amazing team over at NAI Global had South Carolina-based Regina Corso Consulting, a market research firm, conduct a Real Estate Outlook study. The study was done by surveying NAI professionals from over 30 U.S. states and a dozen international countries. The survey was conducted between April 6 and 27, 2020 and 252 professionals completed the survey. The survey focused…
What hasn’t been disrupted in the first half of 2020? At this point, the shocking headlines exploring the ways the the world has become impacted and what has become the ‘new normal.’ It’s clear that we’ve seen made waves everywhere, but the one thing everyone is keeping an eye on is the industrial sector. The warehousing business has been actualizing…
Les Shaver has an interesting piece on GlobeSt.com, The Coronavirus Will Accelerate the Shift to Smaller Warehouses. Lee has some excellent insights from Adam Roth of NAI Hiffman, on why Adam sees a potential move from the 1M SF warehouses to smaller warehouses. Adam Roth, an executive vice president with Oakbrook, Ill.-based NAI Hiffman, thinks that soon may be changing.…
