IAMC News Briefs—Week of December 4, 2023
By John Salustri
YAHOO FINANCE—Biopharmaceuticals giant AstraZeneca has taken 198,000 square feet—the full building—at Matan Cos.’ 700 Progress Way in Gaithersburg, MD. The asset is part of Matan’s 44-acre life science and industrial campus. Through the lease, AstraZeneca gains 32-foot clear heights, 50 dock doors, a 200-foot truck court and 367 parking spaces. CBRE spoke for the tenant.
https://finance.yahoo.com/news/matan-companies-signs-198-000-130000742.html
COMMERCIAL OBSERVER—There seems to be no light at the end of the devaluation tunnel. Not at least fin the eyes of PGIM. The firm predicts a further drop in industry-wide values by 10% in coming months, on top of the eight percent it tracked through the first three quarters of this year. While the office sector, which is only “halfway through a peak-to-trough decline” of about 43%, is the big concern, the industrial sector doesn’t escape unscathed. PGIM research puts the predicted industrial value decline at 17%. And here’s an anomaly: “We’re having higher interest rates that are clearly causing values to fall, but at the same time, we have property incomes that are holding up pretty well and in many cases growing,” explained Lee Menifee, who heads PGIM’s Americas Investment Research.
https://commercialobserver.com/2023/12/cre-values-expected-fall-10-percent-further-pgim-report/?utm_source=newsletter.credaily.com&utm_medium=newsletter&utm_campaign=pgim-predicts-10-further-decline-in-property-values
MAERSK NEWSROOM—Global supply chains have been rocked over the past few years, says Maersk, by everything from the pandemic to global political upheavals. With that in mind, achieving a stress-free supply chain will be the challenge for 2024, and the global end-to-end shipper has listed six trends to watch: Automation; Stock Merging; Visibility; Sustainability; Data Optimization and Restoring and Customizing. Click the link for a deeper dive into each of the trends.
https://www.maersk.com/insights/integrated-logistics/2023/11/28/trends-in-warehousing?utm_source=salesforce_mc&utm_medium=email&utm_campaign=GLOBAL_MCO_BRO_EN_GLOBAL_PULSE_7057207198380_AWR_NEWSLETTER_ONETIME_BROAD_BRO_NOV_23_WEEK_03&utm_term=GLOBAL_MCO_BRO_EN_GLOBAL_PULSE_7057207198380_AWR_NEWSLETTER_ONETIME_BROAD_BRO_NOV_23_WEEK_03+Be_the_first_to_know_Web_Other_NoVertical_Hero_Banner&utm_content=D5BE4CD457BCEA6C35FA2F836B539DAD3ED289DE1791CD993B394B6BCA55A5D5&utm_id=127559&sfmc_id=262622637
TRUCKING DIVE—The Federal Highway Administration is now mandating that states and municipalities lower emissions and set goals for same. The targets address carbon dioxide tailpipe emissions based on 2022 levels. While state transportation departments will have to start reporting their goals by February 1, no penalties will be imposed if the goals are not met. The move, dictating a four-year start-off target, is actually less stringent than the FHA’s former two-year targets.
https://www.truckingdive.com/news/federal-highway-administration-greenhouse-gas-final-rule-states/700745/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202023-11-29%20Trucking%20Dive%20%5Bissue:56857%5D&utm_term=Trucking%20Dive
SUPPLY CHAIN DIVE—Walmart is setting in place programs designed to ease supplier sourcing. Working with retail tech-solutions firm Bamboo Rose, the retailer intends to connect buyers and product development teams to work with “tens of thousands” of supplier partners and provide increased visibility on volume and costs.
https://www.supplychaindive.com/news/walmart-developing-sourcing-platform-suppliers-bamboo-rose/700709/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202023-11-29%20Supply%20Chain%20Dive%20%5Bissue:56843%5D&utm_term=Supply%20Chain%20Dive