Of the top 100 nationwide meat companies in terms of sales, the following are from California: Harris Ranch Beef Co; Superior Farms; United Food Group; Bridgford Foods; King Meats Inc; Central Valley Meat Co; White Apron Meats; Don Miguel Mexican Foods Inc; Custom Food Products Inc; and First Class Foods Inc.
These companies deal in bacon, deli meat, fresh and frozen beef, ground beef, ham, hot dogs, pork, prepared foods and sausage. Also noteworthy, the following food companies are largest in the respective category. Oscar mayer – bacon, hot dogs and deli meat. Stouffer’s – prepared dinners. Johnsonville – breakfast sausage. Hormel Black Label – ham.
Other highlights. Consumers continued to gravitate towards kosher dogs such as Hebrew National. Most ground beef goes to burgers. Japan is the #1 buyer of American pork.
A 74,050 square food industrial building on Smithway Street in the City of Commerce sold for $11 Million. A 309,300 square foot warehouse was subleased on Washington Blvd. in the City of Commerce for a total consideration of $8.5 Million. 36,000 square feet of warehouse with freezer and cooler was sold for $5.4 M on Slauson Ave. in the City of Vernon.
The City of Los Angeles has grown again! As of January 1, 2008, the population count equaled 4,045,873 residents. Population growth usually correlates with economic growth and thus bodes well for commercial real estate in Los Angeles such as warehousing and manufacturing properties.
Earlier this month, the six-year-old Alameda Corridor marked a six-digit milestone. The Los Angeles-area intermodal corridor logged the 100,000th train to use the high-speed freight-rail expressway since it opened in April 2002. The 20-mile corridor connects the ports of L.A. and Long Beach with downtown L.A. rail yards and the national rail system. The Alameda Corridor Transportation Authority owns and governs the corridor, which includes a 10-mile, below-ground and triple-tracked mid-corridor trench shared by BNSF Railway Co. and Union Pacific Railroad via trackage rights.
The vacancy rate stands at 2.1% while the availability rate is 5.4%. Both of these figures are slightly higher than a year ago. Los Angeles County is the largest industrial market in the nation, with over 1 billion square feet of industrial land, and the Central Los Angeles submarket maintains the lowest vacancy rate in the nation due to constant user demand for industrial warehousing space. Chicago #2, Dallas/Fort Worth #3, Philadelphia #4, Detroit #5. The five county area of Southern California maintained a three percent vacancy rate.
Investors and users have begun to exhibit cautionary behavior and thus the number of transactions have decreased.
Of the top 100 nationwide meat companies in terms of sales, the following are from California: Harris Ranch Beef Co; Superior Farms; United Food Group; Bridgford Foods; King Meats Inc; Central Valley Meat Co; White Apron Meats; Don Miguel Mexican Foods Inc; Custom Food Products Inc; and First Class Foods Inc.
