article thumbnail

Seaports Safe Harbors for U.S. Industrial Real Estate Sector

Buisness Facilities Contributed Content

The expansion project aims to create a new third lane of traffic, which will allow the transit of longer and wider ships, and consists of deepening and widening canal entrances while constructing new lock sets on the Pacific and Atlantic sides. Houston, Charleston, Savannah and Jacksonville all have double-digit vacancy rates.

article thumbnail

Logistics: On the Road, Water or Rails…or in the Air — AGAIN

Business Facilities

To meet demand, rails increased capacity with 1,300 new and rebuilt locomotives; 3,800 freight car purchases; and 700 new leased freight carts. billion investment by Dominion Virginia Power, which constructed a cutting-edge technology power plant. Overall rail traffic was up 4.5 percent for carloads and 5.2 percent for intermodal.

Roads 41
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

LOCATION FOCUS: California Dreamin’ – A Rebound Fueled By New Energy

Buisness Facilities Contributed Content

The federal Bureau of Land Management, which has subsurface mineral rights for much of the Monterey shale field, in December sold about 15 leases for thousands of acres of potential shale development in California. If all the approvals are obtained, the overall casino project could be constructed in 2013 or 2014. Last year, CA Gov.

article thumbnail

FEATURE STORY: Racing To Be Ready – U.S. Ports Prepare for Post Panamax Era

Buisness Facilities Contributed Content

Major maritime shipping hubs including Los Angeles/Long Beach, Seattle/Tacoma and Oakland are ready to service the huge post-Panamax containers. Under a public-private partnership (P3) agreement with Ports America Chesapeake, a 50-foot deep container berth was constructed in 2012. The cranes were also part of the agreement.

article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

SALES & USE TAX ABATEMENTS: Taxes on construction-related transactions, pollution control devices are exempt from sales and use taxes. MADE IN ALABAMA” JOB INCENTIVES ACT: Qualifying companies may receive a transferable income tax credit to offset import tariff costs during local construction process.

Income 75