Latest news with #Dermody
Yahoo
23-07-2025
- Business
- Yahoo
530,000-square-foot industrial complex coming to this Pierce County property
A developer of industrial sites has announced plans for recently acquired parcels near Frederickson Town Center. In May, The News Tribune reported the acquisition of nearly 41 acres in the Frederickson area by Dermody of Reno, Nevada. Dermody is involved in e-commerce, logistics and industrial real-estate acquisition, development and investment management, according to its website. In a release Wednesday, Dermody outlined plans for a multi-building industrial center, complete with a new name. 'The fully entitled site will become LogistiCenter at Frederickson, housing two buildings – Building A and B — as well as a trailer lot,' the release stated. 'Building A will be a 443,420-square-foot facility, and Building B is 91,728 SF. The trailer lot will be 3+ acres.' It added, 'Both buildings have broken ground, with delivery anticipated in the second quarter of 2026.' Dermody acquired the site in May for $45.5 million from an LLC affiliated with Pallis Properties of Mercer Island. Pallis also developed the Frederickson Town Center retail site south of the industrial property. Plans had envisioned what was then called the Canyon Point Industrial Center at the now-Dermody LogistiCenter site. The news comes in the same week that The News Tribune reported that FRED310, a planned six-building industrial/warehouse complex also in the Frederickson area, sold its Building D to international real-estate investment firm BentallGreenOak (BGO) for $176 million. Dermody's Northwest region spans five states. It has concentrated its work in the Seattle and Portland regions. 'The Tacoma-Fife submarket is one of the most sought-after submarkets in the region due to its proximity to skilled labor, a large consumer base and access to the Ports of Seattle and Tacoma,' said Ben Seeger, Northwest Region Partner at Dermody in the release. 'There is limited land available for development in this area and this was the best located developable land site of scale left in Frederickson, with great proximity to the major transportation networks in the region.' Leasing brokers for the Dermody project are CBRE's Andrew Hitchcock, executive vice president; Andrew Stark, executive vice president and Zac Snedeker, senior vice president. Previous reporting from The News Tribune contributed to this report.
Malaysian Reserve
20-06-2025
- Business
- Malaysian Reserve
Dermody Announces Port Wentworth Commerce Center, the Southeast's Largest Logistics Development Near Port of Savannah
SAVANNAH, Ga., June 19, 2025 /PRNewswire/ — Dermody—a diversified private equity investment management company focused exclusively on the national logistics real estate sector—is pleased to announce the launch of Port Wentworth Commerce Center, a master-planned logistics project located 6.5 miles from the Port of Savannah. Expected to be the largest near-port logistics development to begin construction in the Southeastern United States in 2025, the development will offer more than 10 million square feet of logistics real estate and serve as the premier port-centric logistics park on the Eastern Seaboard. Port Wentworth Commerce Center provides immediate access to major transportation infrastructure. Located one mile from Interstate 95, the primary north-south interstate corridor on the East Coast, it also offers Class One rail service from rail located on site. Situated within a designated Foreign Trade Zone, the development allows tenants to defer, reduce or eliminate tariffs on imported goods, providing a competitive advantage for global supply chain operations. 'Port Wentworth Commerce Center is an investment that will serve the growing demand from companies who require modern facilities close to the Port of Savannah in order to meet the needs of the fast growing Southeast region,' said Wes Hardy, Southeast Region Partner for Dermody. 'Few sites in the U.S. offer this scale while also providing immediate access to the fastest growing port in the country, a major interstate, unmatched power availability and rail service. It is a one-of-a-kind project for the Southeast.' The Georgia Ports Authority has collaborated closely with Dermody, recognizing its potential to enhance the region's logistics capabilities. The Georgia Ports Authority owns land that positions the Port of Savannah to grow, keeping pace with demand driven by population growth and shifting demographics. 'We welcome Dermody's logistics investment into our Southeast gateway supply chain ecosystem and the distinctive capabilities it will bring customers,' said Stacy Watson, Georgia Ports Director of Economic and Industrial Development. 'The Port Wentworth Commerce Center is on the doorstep of Georgia Ports' Savannah facility that generates 35 ships per week, 42 double-stack container trains per week and 7,000 trucks per day of business. We will be investing $4.5 billion in the next 10 years to grow the port's capacity and competitiveness, so we need partners like Dermody to grow with us.' The Port of Savannah is the fastest-growing port in the United States and the third busiest seaport in the U.S. The location is the closest to a major U.S. seaport that can accommodate multiple buildings of 1 million SF or greater. The scale of the site, its location in one of the nation's top logistics markets, and its infrastructure support make it ideally suited for companies requiring a solution to their supply chain needs. The development will be supported by best-in-class infrastructure, including a newly constructed 2.5-mile road system currently under construction. The road will be extended in the future to provide a second point of ingress and egress. To streamline the process for customers, all necessary utilities—including water, sewer, power, gas and fiber optics—will be installed along the roadway to ensure operability from the project's inception. The site of the Port Wentworth Commerce Center features exceptional power infrastructure, most notably capacity and availability. It is located adjacent to dual 230KV transmission lines, and a Georgia Power-owned 115KV substation located on-site. The project has been identified as one of a few locations in the State of Georgia with capacity to provide one gigawatt of power service. Its proximity to generation sources—just eight miles north of Georgia Power's Plant McIntosh, a natural gas-powered production facility—reinforces the site's ability and reliability to support high-capacity power users. 'Port Wentworth Commerce Center is transformative and among the most significant industrial ventures on the East Coast,' said Tim Walsh, Partner and Chief Investment Officer for Dermody. 'It represents a generational opportunity to meet surging demand for port-adjacent logistics space and reflects our long-term commitment to investing in critical infrastructure at global trade gateways.' Dermody is represented by Bill Sparks and Preston Andrews of CBRE in Savannah, Georgia. 'We are honored and thrilled to represent Port Wentworth Commerce Center, a project providing a special combination of near-port and interstate access, scale, CSX rail, and heavy utility readiness in Savannah, one of the most dynamic logistics markets in the country,' said Bill Sparks, Executive Vice President with CBRE. 'The development is well-positioned to immediately meet the needs of a wide variety of companies, size requirements and uses.' Dermody's Southeast Region spans nine states, with particular focus on the major logistics markets of Atlanta, Savannah, Nashville, Charlotte and Central Florida. The region currently has four projects under construction and more than 1,500,000 SF available for lease. For more information on those properties, please visit the region page on Dermody's website. A map is available here and an aerial view is available here. About DermodyDermody is a privately-owned real estate investment, development and management firm that specializes in the acquisition and development of logistics real estate in strategic locations for e-commerce fulfillment centers, third-party logistics and distribution customers. Founded in 1960, Dermody has invested more than $10 billion of total capital across all platforms nationwide, having acquired and developed approximately 110 million square feet of logistics and industrial facilities. In addition to its corporate office in Reno, Nevada, it has regional offices in Atlanta, Chicago, Dallas, Indianapolis, New Jersey, Northern California, Phoenix, Seattle and Southern California. For more information, visit CONTACT: Nicole Shearer, KPS3, 530-448-6485
Otago Daily Times
28-05-2025
- Business
- Otago Daily Times
Three Waters services to be kept in-house
The Invercargill City Council has accepted a recommendation from one of its committees to establish a council-operated enhanced service for Three Waters delivery. Infrastructure and projects committee chairman Cr Grant Dermody said the recommendation represented an important step in addressing the future needs of Invercargill. ''How we deliver Three Waters services is a once-in-a-generation decision, and its impacts will span our entire community for many years to come,'' he said in a statement. The provision of Three Waters services was one of the key issues outlined in tandem with the council's draft annual plan 2025-26. A council-operated enhanced service was the council's preferred option. It also consulted on two other options: establishing an Invercargill council-controlled organisation, and a Southland-wide council-controlled organisation. Of the 495 submissions the council received on the draft plan, 188 were about Three Waters. Three-quarters of them agreed with the preferred option. Consultation was required under central government's Local Water Done Well legislation, introduced to ensure water services nationally are finanically sustainable and effectively managed. While Invercargill was in a better position than many other local authorities, having regularly maintained its Three Waters network and invested in associated infrastructure, maintaining the status quo was no longer viable, Mr Dermody said. ''Council must draw a line in the sand, to make sure that the future of Three Waters delivery within our community is practical and fit-for-purpose for future generations,'' he said. ''As a council, we believe the most important outcome is to provide an efficient, effective service that is the most practical for our community in the long term. We also strongly believe in local decision-making.'' The council-operated enhanced service represented the second-least costly option for water services delivery for ratepayers to 2034, and in the long term was the lowest-cost option considered, Mr Dermody said. With this option, the average annual water services rate increase between 2027 and 2034 would be 6.26%, or $150 per household. All councils are required to submit their water services delivery plan to the Department of Internal Affairs by September. — APL
Otago Daily Times
12-05-2025
- Sport
- Otago Daily Times
Landers duo to miss trip
Two star Highlanders players will remain sidelined this week, but a third should be back on deck. The Highlanders have three tough games remaining, starting with the Hurricanes in Wellington on Friday night, as they bid to salvage something from their disappointing season — or at the very least avoid the wooden spoon. No 8 Hugh Renton and winger Caleb Tangitau would ideally be playing major roles in the rescue mission. Unfortunately for Highlanders fans, neither will be at the Cake Tin to challenge the Canes. Co-captain Renton has played just five of the team's 11 games this year and it seems possible he will remain stuck on that number. Highlanders forwards coach Clarke Dermody confirmed yesterday Renton would miss at least the Hurricanes game with his ongoing groin injury. "He's been up with the specialist, just getting advice from them. He's out for the foreseeable future. "He's pretty sore. It's important he gets it right." Dermody has had a close association with Renton since the Tasman/Hawke's Bay man joined the Highlanders in 2021, and knows how much he means to the team. "He's got an awesome presence among the boys. "He's obviously been around a while now. He's a level-headed leader, a tough guy on the field and a pretty uncompromising player. We definitely miss that in the pack." With Renton and fellow No 8 Nikora Broughton injured, and Lui Naeata unavailable, the Highlanders are running a little lean in the loose. Otago loose forwards Harry Taylor (Southern) and Sam Fischli (Taieri) have joined the squad as cover. Tangitau set his first season as a regular Super Rugby starter alight with some dazzling performances in the first half of the campaign. However, he has not played since the loss to the Force in Perth on April 5, and his own groin injury remains infuriatingly reluctant to disappear. "Not this week," Dermody said. "It's a shame. He started the season really well, and he was in everyone's eyeline." Fellow winger Jona Nareki is at least available after missing the past two games with a knee complaint. All going well, the Fijian fisherman will play his 50th game for the Highlanders in their last game of the regular season. "It's awesome to have his experience back among the group." Dermody said the Highlanders, teetering at 10th in the 11-team competition, had enjoyed the opportunity to have the bye after eight consecutive weeks of competition. "We're starting away on a Friday, so it's a pretty short week, and we're keeping our plans simple. "You can see a definite change in energy around the boys, around training today, so hopefully we can take that through the week. "While it's frustrating we're not getting the results, there has definitely been growth in the team, year on year, and now we get a chance against three of the better teams in the competition to give it a real crack." Highlanders utility back Sam Gilbert confirmed on Friday night he was heading to Ireland after the NPC campaign with Otago. Dermody hailed Gilbert's contribution to the Highlanders over his six seasons since first catching the eye of then-coach Tony Brown while playing for the Bravehearts. "I think he's the ultimate Highlander man. "He's made every post a winner, ended up vice-captain last year, over 50 games now, and a real glue guy in the team who can play anywhere in the backline bar No 9. "Maybe to his detriment, we didn't really give him a chance to settle down in his favoured position, but that sums him up — being a team guy and being able to spread himself wherever he was needed. "I can't really judge him because I did exactly the same thing at a similar age. I guess it's an opportunity to explore overseas and look after yourself before you finish. "He's a guy we will definitely miss."
CBC
05-05-2025
- Health
- CBC
Forcing treatment for drug use could lead to overdoses, violate people's rights, experts say
Social Sharing Some experts say involuntary addiction treatment raises serious ethical concerns and could even increase the risk of overdose for some, as Ontario weighs whether it could mandate treatment for people in the criminal justice system. Last week, the Ontario government announced that it plans to study how this can be done, how much it would cost, and what kind of help they would need from the federal government, among other factors. But those working in the addictions and mental health field say there's little to no concrete evidence suggesting involuntary addiction treatment is effective. "That type of research really hasn't been done," said Sarah Dermody, a clinical psychologist and professor of psychology at Toronto Metropolitan University. "So we're in a position where people are advocating for involuntary treatment, we have some theoretical concerns and ethical concerns of that approach, and we don't have empirical evidence to suggest that it would be helpful in the short or long term." In some cases, such as with people facing opioid addiction, it could even present risks of overdose if they return to using when their tolerance is lowered, Dermody said. "If someone you know was using a certain dose and then returns to it several weeks later, that could be life-threatening for them." Data from Massachusetts, where there is a legal mandate for involuntary treatment for adults with substance use disorders, published in 2016 found the risk of fatal overdose was twice as likely after involuntary treatment compared to voluntary treatment, according to information compiled by the Canadian Mental Health Association (CMHA). Another Massachusetts study from 2023 that looked at 22 patients after they completed involuntary treatment found they all relapsed within a year. Those studies suggest this type of approach can be "more like sort of holding someone than actually helping and treating someone," said Dr. Leslie Buckley, chief of addictions for the CMHA. "It was supposed to be a diversion, but it looked a lot more like the regular criminal justice service system and there wasn't necessarily a helpful treatment component to that," she said. "So I think that that the most important critical piece here is that it is a health-focused intervention and that we're thinking about how we can prevent somebody from getting involved in the criminal justice system earlier." Chris Cull, a substance use disorder advocate who was once addicted to opioids for nearly a decade, says the government shouldn't even be discussing involuntary treatment until it addresses the need for treatment options for people who do want it. "We don't even have enough voluntary treatment beds to be able to be manage what we have in society, as it is, for people who want it," he said. Ethical concerns An expert on bioethics says forcing people to undergo addictions treatment also goes against a core tenant of the Canada Health Act, which says consent is required for virtually any medical treatment. "Each and every one of us Canadians has the right to consent or decline treatment of any kind," said Kerry Bowman, who teaches bioethics and global health at the University of Toronto. "The fact that people are facing criminal charges does not necessarily change this. Yes, they've lost some of their rights, but that doesn't necessarily mean they've lost their right to consent for treatment." From an ethics standpoint, Bowman said there would need to be evidence showing that the benefits of involuntary treatment outweigh the potential harm to individuals. "To take away someone's fundamental rights to make decisions about treatment, which is the integrity of the of their own body and their own freedom, in the absence of compelling evidence is really going very far," he said. In a statement, a spokesperson from the Ministry of Health said the province is "collaborating with a number of key community stakeholders and partners to ensure a coordinated approach for justice-involved individuals." The government's announcement was one of many measures connected to a large justice bill set to be tabled last Thursday. The move toward involuntary addiction treatment for people in corrections isn't inside the legislation itself, but officials say they intend to present a plan to the cabinet by fall.
