National Commercial Real Estate News From CoStar Group
Panama Canal Expansion Expected to Bring Rising Tide of Warehouse Investment to Nation’s Seaports
As the eight-year, $5.25 billion project to expand the Panama Canal moves toward a 2015 completion, seaports all over the U.S. are gearing up to compete for the lucrative import trade.
Developers, investors and supply chain executives are generally bullish on port markets, encouraged by global trade shifts and events such as the canal expansion, which is widely expected to be a boon to East Coast and Gulf Coast ports.
"Capital is being poured...