Preferred Freezer Services of Newark, NJ built and opened 8 new cold storage buildings in strategic locations throughout the USA in 2007. Starting off this very busy year, Preferred Freezer Services opened the first of these warehouses on January 2nd in Los Angeles CA. It is their 16th warehouse nationwide and 5th facility in Los Angeles. Â This new, custom build warehouse will be known as Preferred Freezer Services Long Beach Freeway (LBF), an is located at 4901 Bandini Blvd., Vernon, CA. Nearby locations include: Alameda Street and 52nd Street, and the Washington Blvd. freezer. Next to the Washington Blvd facility, Los Angeles, they are building another freezer unit adjacent and east to the existing warehouse. This latest warehouse should be completed in 2008.
Los Angeles has one of the largest and busiest ports in the United States. Development of intermodal facilities, where shipping containers are transferred between rail and trucks, and adjacent logistics parks is a trend that is being seen across the country. Intermodal container shipments increased 37% in the last 5 years. The vast majority of goods manufactured in Asia arrive in ports on the west coast. This trend is changing the face of the bulk distribution sector. For more information on the Port of Los Angeles.
In recent weeks, dozens of Downtown Los Angeles stakeholders have criticized a plan by the city Planning Department and the Community Redevelopment Agency that would prohibit residential development on approximately 80% of Downtown’s industrial-zoned land. The Los Angeles Planning Department and CRA last month unveiled a plan for addressing Downtown’s industrial-zoned land. The study, which largely reiterates the findings of planners’ controversial 2006 Industrial Development Policy Initiative, divides Downtown’s industrial-zoned land into four categories. Most of the property, approximately 80%, falls into Employment Protection Districts, where planners recommend retaining exclusively industrial uses.
The report, which planners released as a staff memo on Jan. 3, is meant to guide the Planning Department and CRA staff on where to approve residential construction and where to oppose it. Some members of the industrial community also question the boundaries. Frank Gallo, vice president of Downtown’s Rancho Cold Storage, just west of the Los Angeles River between Sixth and Seventh streets, said that an Employment Protection District adjacent to a district with residential development will not deliver any new benefits to industrial users.
“The boundaries should be along major arteries, not secondary streets,” he said. “Define it as a proper industrial area, or define it as residential, and we’ll deal with it. We just don’t want to end up landlocked, and we don’t want to see spot zoning.”
“You need to step back and put it in the proper perspective,” said Jack Kyser, senior vice president and chief economist for the Los Angeles County Economic Development Corp. Noting the current saturated housing market and the strong demand for industrial land, he said that prohibiting residential development in key industrial areas and investing in industrial infrastructure will bring the city new and lucrative industrial development. – excerpts from Los Angeles Downtown News 1/14/08. more information on this subject can be found at blogdowntown
The median price of a new and previously owned homes has dipped for Los Angeles County. The year over year change is -10.5%. This can turn out to be a leading indicator for the industrial real estate market as residential price and sale declines can ripple through the local economy. Only time will tell.
Contessa Premium Foods offered a VIP sneak peek of its Green Cuisine Plant, the world’s first and largest environmentally responsible, LEED-certified frozen food manufacturing plant. The City of Commerce will rename the street where the plant is “Contessa Drive.”This is the first time the United States Green Building Council (USGBC) has awarded LEED (Leadership in Energy and Environmental Design) certification to a frozen-food manufacturing facility. The LEED rating system is the national standard for design, construction, and operation of green buildings. It recognizes five areas of environmental and human health: sustainable site development, water savings, energy efficiency, indoor environmental quality, and selection of materials. Located in Los Angeles CA, the new plant is a 4 million-cubic-foot facility, costing more than $35 million, that will produce up to 150 million pounds of product the first year alone. The facility, its processes, and the product manufactured there will be known as Green Cuisine.