New commercial real estate company provides materials handling services

Bastian development integrates real estate, logistics, and material handling
By Modern Materials Handling Staff
November 11, 2010 - MMH Editorial

Bill Bastian II announced recently the formation of Bastian Development, a commercial real estate company that will provide real estate development, logistics and materials handling on a national basis.  With this expertise, Bastian Development will integrate the tenant’s internal and external processes into the building design. Bastian Development’s primary affiliate, Bastian Material Handling, has provided the design and integration of materials handling systems to clients worldwide since 1952. This affiliation will allow Bastian Development to immediate support and provide services to a large existing client base.

“The formation of Bastian Development will allow us to provide real estate solutions to our existing client base and expand our exposure to other industrial users.  This addition makes us the only developer and owner of real estate that will integrate real estate, logistics and material handling on a national basis,” said Bastian.

The initial plans call for eight regional offices located in the United States and the recruitment of experienced commercial real estate personnel.  The first step in this process has been the hiring of Lance Collins, a 20-year veteran of commercial real estate, who will oversee the startup and day-to-day operations as general manager.

“I am proud to join the Bastian family of companies as general manager of Bastian Development.  The commercial real estate industry has become a commodity-based business, which requires the tenant to design and run their operation around whatever building the developer or landlord provides.  With the creation of Bastian Development, we will be able to partner with our clients and provide a broader and more complete facility solution.”



Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

The dark side of the “Amazon effect” and larger impact made by the explosive growth in e-commerce may soon be seen when organized labor prepares for a massive air cargo strike.

During this webcast our panelist offer logistics and supply chain professionals a “reality check” when it comes to our current state of understanding, adoption, and utilization of the technological tools that are available to improve our operations.

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 55.7 in April (a level of 50 or higher indicates growth), which was up 1.2 percent compared to March, with economic activity in the non-manufacturing sector growing for the 75th consecutive month.

Total gross first quarter revenue for XPO was up 404.4 percent annually to $3.5 billion, with net revenue up 510.5 percent to $1.6 billion. While gross and net revenue were up, the company reported a net loss of $23.2 million, or $0.21 per diluted share and an adjusted net loss attributable to common shareholders of $9.3 million or $0.08 per share.

Regardless of capacity, pricing, or the economy, trucking industry regulations are never far from the freight transportation limelight. That is especially evident when it comes to the federally mandated hours-of-service (HOS) regulations. As usual, the current state of HOS remains somewhat fluid. And the reason for that has to do with legislation coming from the Senate Transportation Appropriations legislation that is currently being considered by the Senate.

Comments

Post a comment
Commenting is not available in this channel entry.