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Pennsylvania Governor Tom Corbett has made economic development a top priority with his Jobs First Pennsylvania initiative, which was designed to encourage private sector investment. These incentives are just a few of the benefits helping businesses grow in Pennsylvania.
Texas ranks second only to New York as the state with the most commercial real estate development activity. While Dallas gets much of the attention for industrial projects, Houston also has an active and growing industrial market. While the industrial real estate picture is strong today, it was bleak just six short years ago.
When Shorenstein Properties LLC acquired Lincoln Center, a seven-building office campus in the suburban Portland market of Tigard in 2007, the company already was in the process of implementing a plan to transform its nationwide portfolio of Class A office properties into an environmentally sustainable one. Sustainability has been a major goal of Shorenstein Properties for many years.
The expanding world of e-commerce is rapidly and forever changing the way that goods are bought and sold — as well as how they are transported, stored and distributed. Industrial developers, owners and investors who can provide the types of facilities that e-commerce needs will survive and thrive during the next decade. But forecasting and understanding those needs is no easy task.