Fulton Industrial CID names Prado director

Many people seem to think that Prado's background makes him a great guy for this job.  If the Fulton Industrial district's image is improved in the minds of business owners in other areas it could really be great news for this market if they decide to move.

A link to the full article is here.

Georgia aviation firm creates joint venture with Japanese company

International Component Repair (ICR), an airframe and engine component repair company located in Villa Rica and  IHI Corporation from Japan have announced plans to form a joint venture.  The partnership will create the first Japanese affiliated aerospace production facility in the United States.  It will bring 25 new jobs and an estimated economic impact of $10 million to the area.  The Georgia Economic Development Commission has been working to make Georgia a competitive location for companies in the aerospace industry so this is definitely a step in the right direction.  Hopefully it will lead to more growth of the industry in Georgia.

A link to the full article is here.

U.S. Industrial Real Estate Market

Sim recently participated in Michael Bull's Commercial Real Estate Show along with other guests to discuss the current U. S. Industrial Real Estate Market. Each guest provided great insight on the current and future industrial real estate market. Listen to the show.  Thanks to Michael Bull of Bull Realty for inviting Sim to participate in this program.

Life as a King Intern

After a little over a year of interning with King, I can definitely say I feel like I have learned a lot.  Those first few weeks of training with the greatest teacher, “all-knowing-master-information-manager” Melinda, being overwhelmed by all of the things you can do in PinPoint and on the King Wiki, and being completely paranoid that a person would somehow kill me through the phone on my first cold call seem so far away. 

I realized after the first few calls that cold calling wasn’t as bad as I thought it would be and I think part of this is because of our company’s reputation.  Most of the time people I talk to on the phone comment that they’ve seen our signs, done business with one of our agents in the past, or ask how Charlie is doing.  Not only have I received this type of great response over the phone, but also many times at school meetings or just in random conversation.  It’s obvious that King has a great reputation and everyone I talk to reinforces that this is a great company to work for and a great place to learn the business the right way.

However, I will say that the cold calling can get a little old.  Even though it’s not as awful as I originally thought it would be and people are usually very nice, many people are just not willing or able to make moves in this economy.  After a string of “no’s” or “sorry, not interested”, I have to say I always look forward to getting off the phone and doing my drive book or having Michelle save me by getting me to help her with something here and there.

As I have become more familiar with the areas on the southwest side of town, I have been able to be more involved in the follow up process.  I’ve started helping Randall get material ready for initial meetings and run reports from PinPoint.  Recently, my focus has been trying to stay current on what’s going on in our market so I can be more knowledgeable on the phone.

Overall, the internship program has been a great experience for me so far.  I feel the experience is very valuable and the agents (and Michelle!) in the Southwest office are great.  I couldn’t imagine having better people to learn from.  I originally only planned to do one year of internship, but now I do plan on staying longer.  I hope that what I have learned will start translating into better returns for the company very soon!

Caterpillar closing Owatonna plant

This could be a little good news for Georgia next year.  A link to the article is here.

New healthcare act has businesses uncertain

Many businesses are having to put other things on hold while they figure out what the new healthcare act means to their company and how they are going to handle it.  Many people say this is going put a large dampener on industrial real estate activity for the rest of the year.  Do you agree?

A link to the full article is here.

In rare show of unity, U.S. CEOs call for deficit fix

CEOs from over 80 large corporations in the United States have banded together to put pressure on Congress to reduce our federal deficit.  They say that this will "restore business confidence in our economy" and that will lead to investment.  Do you think this pressure will have a significant impact?

A link to the article is here.

Climbing Out Of The Hole

Our latest 3rd Quarter Point of View is showing positive net absorption again!  Per Sim Doughtie, "As we have noted in the past, the Atlanta industrial market has certainly been on a roller coaster ride for the past few years.  Despite some promising indicators that we are climbing out of the hole, I do not believe that the up and down ride is quite over yet."

What do you think? Are we climbing out of the hole? Is the roller coaster ride coming to an end?

American Contract Manufacturer Beats Offshore Competition and Grows Revenue 5x

It's always good to hear about a company that's actually growing through these rough economic times.  This article features a company called Phoenix Stamping in Fulton Industrial and talks about how they've been able to stay so successful.

A link to the article is here.

'Made in America' more attractive to manufacturers

This article talks about how manufacturers are beginning to move operations back to the United States.  Do you think this will continue?

A link to the full article is here.

iPhone-Controlled Robots to Revolutionize Manufacturing Industry

Here is an interesting article about robotics being used in manufacturing.  It says that the use of robots may cut down on the number of jobs outsourced from the United States to other countries due to cheap labor.  What do you think?  

A link to the full article is here.

WHY IT MATTERS: China's auto parts industry

Many people believe that policies in China dealing with subsidizing exports of auto parts have encouraged auto parts manufacturers to shift their production to China, which hurts employment in other countries.  The Unites States government has challenged some of these policies, saying that they are in violation of the World Trade Organization's free trade rules.  It will be interesting to see the outcome of these challenges.  What do you think might happen?

A link to the article is here.

Big Georgia companies sitting on billions in cash

It looks like several large Georiga-based companies are in pretty good standing.  Do you think once they start spending it could translate into job growth in Georgia?  Or do you think they are more likely to invest and grow internationally?

A link to the article is here.

Several East Coast Industrial Markets Like Miami Expecting Growth From Coming Panama Canal Expansion

This article talks about how the expansion of the Panama Canal will stimulate growth in the industrial real estate market.  It says that many areas around our ports are expecting demand for warehouse space to increase once the expansion of the canal is finished.  Do you think this could significantly affect any areas closer to Atlanta?

A link to the full article is here.

Manufacturing jobs boom is for real

This article says that manufacturing in the United States is really beginning to pick up.  Do you think this could mean a great deal of growth for the industrial real estate market?  A link to the article is here.

Will international real estate follow copper down?

What are your thoughts on how this might affect industrial real estate in the Atlanta area?

A link to the article is here.

Competitive Loan Rates

Joe Bennett with First-Citizens Bank & Trust Company has

done a great job in lending to owner occupied buildings.

His rates are very competitive.

If you or your client are considering a loan, you should give him a call.

Current Loan Rate Sheet for your use.

Have a great day!

Charles B. King, Jr.

/mmm

"Back In Black!"

Yes, "Back In Black" could mean many things like the title to the rock band AC/DC's song and album. But, in this case we're referring to Positive Net Absorption in industrial real estate for the last four quarters. Details are in our Second Quarter 2012 Point of View.

The Ride's Not Over Yet!

While the Atlanta industrial real estate market took a step forward during the fourth quarter of 2011, the market definitely took a step back in the first quarter of 2012. According to Sim Doughtie, President of King Industrial Realty, "Hold on tight because I do not believe the roller coaster ride is quite over yet!"

Baby Steps......

"The Atlanta Industrial Real Estate market took another step - albeit a baby step - forward in the march toward recovery in the fourth quarter of 2011" per 4th Quarter 2011 Point Of View.