E-Commerce Is Driving Industrial Development to Record Highs

U.S. industrial real estate development hit an all-time high in 2017, with more than 208 million sq. ft. completed so far, and another 277 million sq. ft. currently under construction, according to research firm CoStar. Real estate services firm JLL is seeing similar trends, according to Mason Mularoni, JLL senior research analyst. Last year, a total of about 164 million …

Charleston County marks record year for economic development

Via postandcourier.com Steve Dykes wasn’t entirely sold on the idea in the beginning, but Charleston County’s economic development director admits he’s grown fond of the ringing sound he hears with each new industrial announcement. About a year ago, his staffers installed a brass bell in the lobby of the group’s North Charleston headquarters. It rings every time a new manufacturer …

Australian fund manager who runs $37 billion calls Uber a ‘ponzi scheme,’ claims it’ll be broke in a decade

Hamish Douglass, the co-founder of the Magellan Financial Group with more than $37 billion USD under management, thinks ride share service Uber has a less than 1% chance of surviving the next decade. “It’s constantly losing money and its capital-raising strategy is a ponzi scheme,” he said at the annual Stockbrokers and Financial Advisers Conference in Sydney. Douglass says Uber …