Ports & Terminals

CenterPoint Properties, a Chicago-based real estate company, has purchased nine acres of land in Los Angeles from Signal Hill Petroleum, a privately owned California-based energy company. Kidder Mathews’ Tom Holland, Justin Dornblaser, and Alex Matar represented CenterPoint in the transaction and were the only brokers involved.

Sandy Sanders, executive director, Plaquemines Port Harbor & Terminal District (PPHTD), says the Port’s planned APM Terminal will demonstrate the importance of Gulf Coast ports as means of reducing port congestion while the Port’s support of a new Marine Highway service will demonstrate the advantage of moving large numbers of containerized imports and exports off congested highways and on to waterborne transport.

After torrential rains called the ‘storm of the century’ hammered British Columbia’s southern interior in mid-November, submerging many communities and critical rail and road links with Canada’s largest port, the supply chain crisis appears to be getting from bad to worse, with the third rainstorm that began Wednesday.

Port Everglades kicked off Fiscal Year 2022, which began October 1, 2021, with a record-setting first month reaching 94,588 TEUs (20-foot equivalent units, the industry's standard container measurement). Container volumes were up 5.5 percent in October 2021 over the previous October record set in 2018.