Electric Energy: Three Industrial Wins in the Midwest
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These Massive Deals Show Southern California's Industrial-Strength Warehouse Demand
#Fullerton, California, tucked between the Inland Empire and the nation's largest port complex, logged two of its biggest warehouse deals on record, transactions notable even in the biggest U.S. industrial property market. "It’s all about ports and population," Sean Ward, an executive director for CBRE, said. Read more. (Exclusively for CoStar subscribers.)
Ohio Scores Another Economic Development Win With Honda's $3.5 Billion Electric Vehicle Battery Factory
#Ohio won the race for American Honda Motor Company, Inc. 's $3.5 billion electric vehicle plant after scoring semiconductor plants from Intel Corp. earlier this year. “Honda is proud of our history in Ohio, where our U.S. manufacturing operations began more than four decades ago,” Bob Nelson, executive vice president of American Honda Motor Co., said in a statement. Read more. (Exclusively for CoStar subscribers.)
Michigan Bets Big on Electric Vehicles To Win Two Companies Proposing $4 Billion in Factories
Baris Guzel, a partner at BMW I Ventures, said in a statement at the time of the funding that Our Next Energy’s “core principles of doubling the range, decreasing the cost of the batteries and creating a local supply chain, resonated strongly with us.” Read more. (Exclusively for CoStar subscribers.)