Industrial
Vacancy Drives Industrial Pricing Surge
Bolstered by a broader economic recovery in 2021, rents and sale prices will continue to grow, particularly in supply-constrained coastal markets, the latest CommercialEdge report indicates.
McCraney Property Buys Land for 1.2 MSF Spec Industrial Park
The five-building project is slated to rise near Charlotte Douglas International Airport.
BlackRock Picks Up Amazon Warehouse on Long Island
The recently upgraded asset more than quadrupled its value since its last sale in 2019.
Intel Expands Arizona Footprint With $20B Investment
Two new factories will be developed at the company’s Ocotillo campus in Chandler.
ML Realty Plans Major Chicago-Area Industrial Project
The development will feature coveted 40-foot clear heights in the O’Hare submarket, which accounted for one-third of the city’s leasing activity in the fourth quarter of 2020.
Bridge Development Ramps Up Giant New Jersey Project
The speculative buildings will bring 1.7 million square feet of industrial space to the Lehigh Valley region.
Universal Technical Institute Leases 100 KSF in Austin
UTI, a major provider of training for transportation technicians, is opening its third educational campus in Texas.
TerraCap Pays $31M for Phoenix Industrial Asset
BKM Capital Partners sold the 225,400-square-foot property after nearly six years of ownership.
Black Creek Plans 1.7 MSF of Inland Empire Industrial Product
Etiwanda Commerce Center and Riverside Logistics Center will target a critical niche in this high-demand market.
Duke Realty Starts Build-to-Suit Projects Near Chicago
The two developments total more than 1.8 million square feet.