HARBOR TOUR – THE PORT OF LONG BEACH

July 15, 2014 on 9:55 am | In Bravo, Government, Green, New Developments, Problem Solving, Uncategorized, world | 2 Comments

by Jodi Summers

The SoCal Industrial Real Estate Blog enjoys watching the Port of Long Beach evolve.

Each year, when the Port offers free harbor tours from May to Nov. 1, we try to snag a reservation and enjoy the evolution.

Founded in 1911, the 3,200-acre Port of Long Beach is a premier gateway for trade between the United States and Asia The Port of Long Beach is one of the world’s busiest seaports, a leading gateway for trade between the United States and Asia. It supports over a million jobs nationally and generates billions of dollars in economic activity each year. Here’s how the numbers break down.

Each year, the Port handles:

More than 6.7 million 20-foot container units (TEUs)

Cargo valued at $180 billion

63.1 million metric tons of cargo

4,000 vessel calls

 

The Port’s loaded containers account for:

1/3 moving through all California ports

1/4 moving through all West Coast ports

nearly 1 in 5 moving through all U.S. ports

 

The Port comprises:

3,200 acres of land

10 piers

80 berths

66 post-Panamax gantry cranes

Shipping terminals (22)

5 break bulk (automobiles, lumber, steel, iron ore)

6 bulk (petroleum coke, salt, gypsum, cement)

6 container

5 liquid bulk (petroleum)

International ranking

Long Beach is the second busiest port in the United States

Long Beach is the 18th busiest container cargo port in the world

If combined, the ports of Long Beach and Los Angeles would be the world’s eighth-busiest port complex by container volume, after Shanghai, Singapore, Hong Kong, Shenzhen (China), Busan (S. Korea), Ningbo (China) and Guangzhou (China).

Port-related employment

30,000 jobs (about one in eight) in Long Beach

316,000 jobs (or one in 22) in the five-county Southern California region

1.4 million jobs throughout the U.S. are related to Long Beach-generated trade

 

Regional economic impacts

More than $5 billion a year in U.S. Customs revenues from the Long Beach/Los Angeles ports

About $4.9 billion a year in local, state and general federal taxes from Port-related trade

More than $47 billion in direct and indirect business sales yearly

Nearly $14.5 billion in annual trade-related wages

 

Trading partners

East Asian trade accounts for more than 90% of the shipments through the Port

Top trading partners by tonnage are; China, South Korea, Japan, Hong Kong, Taiwan, Vietnam, Iraq, Australia, Ecuador and Indonesia.

 

Top Imports

Crude oil

Electronics

Plastics

Furniture

Clothing

 

Top Exports

Petroleum coke

Petroleum bulk

Chemicals

Waste paper

Foods

Enjoy more photos @

https://www.flickr.com/photos/jodisummers/sets/72157631893190434/

**

http://www.polb.com/about/facts.asp

http://lovesiliconbeach.wordpress.com/2014/06/29/cool-pix-sunse…-of-long-beach/

https://www.flickr.com/photos/jodisummers/

http://www.socalindustrialrealestateblog.com/?p=2285

GREEN MAKING GREEN – THE POLB IS NAMED THE BEST GREEN SEAPORT . MORE BUSINESS COMING OUR WAY

June 30, 2014 on 8:48 am | In Bravo, Fascinating Information, Government, Green, Problem Solving, Property Maintenance, Uncategorized | 2 Comments

by Jodi Summers

Bravo! The Port of Long Beach has been recognized as the “Best Green Seaport” in the world at the 28th annual Asian Freight & Supply Chain Awards.

The Port of Long Beach is one of the world’s premier seaports, a primary gateway for trans-Pacific trade and a trailblazer in innovative goods movement, safety and environmental stewardship. The Port is served by 140 shipping lines with connections to 217 seaports worldwide. A major economic engine for the region, the Port handles trade valued at more than $180 billion each year and supports hundreds of thousands of Southern California jobs.

In 2005, the Port of Long adopted a “Green Port Policy,” focusing reducing its impact on the community, wildlife and the environment…with unmitigated success. The POLB is proud of the dramatic improvement in air and water quality thanks to an array of environmental initiatives that include the Clean Trucks, Green Flag Vessel Speed Reduction and Technology Advancement programs.

“This is an honor to be named the AFSCA’s Best Green Seaport. The Port of Long Beach has made great strides in reducing air pollution and improving water quality, and we are committed to doing even more,” said Long Beach Board of Harbor Commissioners President Doug Drummond.

The Port’s growth policy has had tremendous results. The total number of containers handled at the ports of Long Beach and Los Angeles in May increased by 5.6% on a year-over-year basis to 1,288,652 TEUs (twenty-foot equivalent units). This was the 14th consecutive month of at least 1 million TEUs for the San Pedro Bay ports.

The Port of Long Beach’s Green Port Policy is an aggressive, comprehensive and coordinated approach to reduce the negative impacts of Port operations. The Green Port Policy, adopted in 2005, serves as a guide for decision making and established a framework for environmentally friendly Port operations. The policy’s five guiding principles are:

  • Protect the community from harmful environmental impacts of Port operations.
  • Distinguish the Port as a leader in environmental stewardship and compliance.
  • Promote sustainability.
  • Employ best available technology to avoid or reduce environmental impacts.
  • Engage and educate the community.

The Green Port Policy includes six basic program elements, each with an overall goal:

  1. Wildlife – Protect, maintain or restore aquatic ecosystems and marine habitats.
  2. Air – Reduce harmful air emissions from Port activities.
  3. Water – Improve the quality of Long Beach Harbor waters.
  4. Soils/Sediments – Remove, treat, or render suitable for beneficial reuse contaminated soils and sediments in the Harbor District.
  5. Community Engagement – Interact with and educate the community regarding Port operations and environmental programs.
  6. Sustainability – Implement sustainable practices in design and construction, operations, and administrative practices throughout the Port.

The “Green Seaport” honor of the Asian Freight & Supply Chain Awards is reserved for ports that have “demonstrated compliance with green freight transport regulations and environmental standards; investment in green initiatives, technology and action plans; incorporation of environmental requirements in strategic planning; use of a policy on reducing fuel emissions from freight handling operations; and ongoing training of staff in green initiatives and in measures to lower carbon footprints.”

The awards are based on an annual poll of thousands of professionals in freight transportation services. Awards also are given in many categories, including best shipping lines, container terminals, air cargo terminals, airports and rail haulers.

Find out more about the Port of Long Beach’s environmental programs at www.polb.com/environment.

**

http://www.polb.com/environment/green_port_policy/default.asp

http://www.socalgreenrealestateblog.com/?p=3430

http://www.pqminc.com/wp-content/uploads/2012/05/port-of-long-beach11.jpg

http://www.socalindustrialrealestateblog.com/?p=2219

http://www.moffattnichol.com/wp-content/themes/moffatandnichol/images/ports-new/ports-ten.jpg

http://cdn.everythinglongbeach.com/wp-content/uploads/2009/11/long-beach-port.jpg

 

SOCAL INDUSTRIAL REAL ESTATE SNAPSHOT – JUNE 2014 – ADD IT TO YOUR PORTFOLIO

May 30, 2014 on 6:10 pm | In Bravo, Charts + Statistics, Economy, Fascinating Information, Investment Opportunities, Market Snapshot, Trends, Uncategorized | 4 Comments

by Jodi Summers

Let’s start the June SoCal Industrial Real Estate Snapshot with the takeaway – the experts say, The overall industrial market is becoming a more landlord controlled market. Vacancies are expected to remain in the low 4% range, with rents expected to rise in the 3% to 6% range in the coming year. > So if you’re thinking of adding industrial real estate in Los Angeles to your portfolio, now is the time.

Los Angeles metro industrial property sales prices finished the 1Q at $129.24sf, in increase of +2.1% for the quarter and +14.0% year over year, according to Loopnet.

 

“The outlook for 2014 is that the industrial market will remain very healthy,” observes Blaine Kelley, senior vice president of CBRE’s supply chain practice.

In the past year, 49 of the 50 largest warehousing markets experienced growth, and Los Angeles gets to plant their flag near the top of the heap. Depending upon the information you glean – the Los Angeles industrial real estate market has the 3rd most impressive lease rates in the nation – only behind Newark, New Jersey (obvious reasons) and Anchorage, Alaska (because everything needs to be flown in).

In 1Q 2014, the L.A. County industrial market witnessed vacancy rates decrease from  4.6% to 4.4%. The latest L.A. County Industrial report from Daum Commercial Real Estate notes that average asking rents increased 5.4%, year over year, moving from $0.56nnn to $0.59nnn. During 1Q, gross absorption totaled 12.8 million square feet, while net absorption posted a gain of 1.9 million square feet of occupied space.

Standard industrial asking rental rates increased 5.4%, year over year, moving from $0.56nnn to $0.59nnn. Notes Daum commercial.  Of the four major markets in Los Angeles County, the LA-North market ended the quarter with the highest standard industrial rental rate of $0.68nnn, followed by the LA- West/South market at $0.63nnn,

the LA- Central/SE markets at $0.55nnn, and the San Gabriel Valley market at $0.53nnn. Average rental rates increased 1.7% from the previous quarter, moving from $0.58nnn to $0.59nnn.

Economists who specialize in the industrial sector say that if Americans are working and consumers are spending, the need for warehouse and distribution space will increase. The long-term outlook is that market fundamentals will continue to improve, with activity levels, rents and sale prices all trending higher. The investment and sale market for industrial real estate in Los Angeles County remains strong as the available supply of for sale inventory remains low.

For more information please contact Jodi Summers and the SoCal Investment Real Estate Group @ Sotheby’s International Realty – jodi@jodisummers.com or 310.392.1211, and let us move forward together.

fulfillment

**

http://www.joc.com/international-logistics/industrial-real-estate/us-industrial-real-estate-space-premium_20140522.html?destination=node/2753506

http://www.joc.com/sites/default/files/u48502/Charts/real-estate-vacancy_v1.png

http://www.loopnet.com/Los-Angeles_California_Market-Trends?Trends=SalePricesFS,TotalAvailableForSaleFS,NumberOfListingsFS,TotalNumOfUnitsFS,TotalSFAvailableFS,AskingRentsFL,NumberOfListingsFL,TotalSFAvailableFL&PropertyTypes=Industrial

http://www.socalindustrialrealestateblog.com/?p=2184

http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0CDgQFjAA&url=http%3A%2F%2Fwww.daumcommercial.com%2FLibraries%2FDAUM_Market_Reports%2F01-LACIND.sflb.ashx&ei=xsGAU9pF0ISiBKDogvAN&usg=AFQjCNFjIyN6xP54DkV5xni_xrAxt-agkw&sig2=eGeAky-6T9H_3yDzc798bA&bvm=bv.67720277,d.cGU

http://www.vanderlande.com/upload_mm/1/6/a/3642_fullimage_3pl01.JPG

http://www.swapmeetdave.com/United/Salute/Flag-Iraq.jpg

WATER…WATER…CALIFORNIA NEEDS WATER

May 16, 2014 on 7:39 pm | In Green, Trends, Uncategorized | 2 Comments

by Jodi Summers

Water? Water? Where did it go? Last winter was one of the warmest winter on record in California. Paleoclimatologists believe it is exacerbating what could well be the region’s worst drought in 500 years…nearly all of the state’s 191 reservoirs are below normal levels.

If things don’t improve, some small communities may run out of drinking water. Farmers may need to idle 500,000 acres of farmland, resulting in billions of dollars in economic damage. The last time the water supply was as low, in the 1960s, California’s population was just less than 20m. Today, the same amount of water must accommodate twice as many people.

The chart shows reservoir storage records from California’s Department of Water Resources for all 191 reservoirs starting in 1960. Each color represents a different reservoir (though only the nine biggest are identified). The largest aren’t even in California: Lake Mead sits in Nevada and Lake Powell straddles the borders of Utah and Arizona.

**

http://www.economist.com/blogs/graphicdetail/2014/04/daily-chart-10

http://www.socalgreenrealestateblog.com/?p=3348

http://www.socalindustrialrealestateblog.com/?p=2148

SOCAL INDUSTRIAL REAL ESTATE SNAPSHOT MAY 2014 ~ CELEBRATE GROWTH

April 29, 2014 on 4:31 pm | In Bravo, Charts + Statistics, Economy, Market Snapshot, Uncategorized | 4 Comments

by Jodi Summers

The End of the Chinese New Year celebration brings good news to the industrial real estate market. Let’s start by talking imports and exports – the total number of containers handled at the ports of Long Beach and Los Angeles in March increased by 16.4% on a year-over-year basis to 1,152,483 TEUs (twenty-foot equivalent units). Sure, the expansion was largely due to the inactivity over the last two weeks of February caused by the Chinese/Lunar New Year…but this was the twelfth consecutive month of at least 1 million TEUs for the San Pedro Bay ports.

This increase translates into a +3.8% increase in industrial property sales prices in Los Angeles in the last quarter and a +13.5% rise in the past year > brining prices to $128.36 per sq ft, according to Loopnet

Loopnet notes that current Los Angeles market trends data indicates an increase of +1.9% in the median asking price per sq ft for Industrial properties compared to the prior 3 months, with an increase of +20.0% compared to last year’s prices. Current median price of $166 per sq ft for Industrial properties in metro L.A. County-wide, median asking prices for Industrial properties are at $147 per sq ft.

 

Back to thinking elastically about container imports, and their impact on lease rates. Container Imports (loaded inbound traffic) at the Port of Los Angeles climbed by 41.5% from March 2013 to March 2014, rising from 231,397 TEUs to 327,497 TEUs, the fourth monthly increase out of the last five months.

Exports (loaded outbound traffic) at the Port of Los Angeles witnessed a 21.6% jump from 154,428 TEUs in March 2013 to 187,826 loaded outbound TEUs in March 2014. Similar to the situation on the import side — this was the fourth monthly increase out of the last five.

The average asking rental rate per sq ft/year for Industrial properties in Los Angeles proper was $10.36 in March 2014. This represents a decrease of -9.0% compared to the prior 3 months, with an increase of +0.8% year-over-year. County-wide, average rental rates in Los Angeles are -0.4% lower at $9.00 per sq ft/year for Industrial properties currently for lease.

Bottom Line: Industrial real estate prices are still scraping along the bottom of the market, but with the overall strength of the U.S. economy contributed to the growth in imports and exports, no doubt industrial real estate will jump again in value in the near future.

For more information please contact Jodi Summers and the SoCal Investment Real Estate Group @ Sotheby’s International Realty – jodi@jodisummers.com or 310.392.1211, and let us move forward together.

**

http://laedc.org/business-assistance/additional-resources/e-edge-newsletter/#3

http://www.loopnet.com/LOS-ANGELES_California_Market-Trends?Trends=AskingPricesFS,SalePricesFS,TotalAvailableForSaleFS,NumberOfListingsFS,ProfileViewsFS,TotalNumOfUnitsFS,TotalSFAvailableFS,DaysOnMarketFS,AskingRentsFL,NumberOfListingsFL,ProfileViewsFL,TotalSFAvailableFL,DaysOnMarketFL&PropertyTypes=Industrial

http://www.socalindustrialrealestateblog.com/?p=2140

http://cbsla.files.wordpress.com/2014/01/antony-dickson161341673.jpg

http://bloximages.newyork1.vip.townnews.com/roanoke.com/content/tncms/assets/v3/editorial/1/1d/11dabcfa-8d1c-11e3-a0f6-001a4bcf6878/52f00d6e1bb05.preview-300.jpg

http://www.nerdygaga.com/wp-content/uploads/2010/09/istanbul-new-year.jpg

Next Page »

Powered by Digital Shake LLC with WordPress