Industrial
Canadian Solar Subsidiary Inks 222MW PPA
The deal, touted as the beverage industry’s largest single purchase of solar energy in the U.S., will help Anheuser-Busch brew its entire portfolio with 100 percent renewable energy by 2021.
Metro Miami Distribution Facility Trades for $38M
ASB Capital Management has purchased the 221,542-square-foot asset in Fort Lauderdale. CBRE assisted the seller, Bridge Development Partners, in the transaction.
Blackstone to Double US Industrial Footprint in Record $18.7B Deal
The company agreed to purchase assets from three GLP funds, building on growing e-commerce demand. The deal is being called the largest-ever private equity real estate transaction.
Trammell Crow Breaks Ground on 3 SoCal Facilities
The company teamed up with Clarion Partners to develop the next phase of The Center at Needham Ranch, a Class A property in northern Los Angeles County totaling more than 400,000 square feet.
Terreno Realty Buys 2 Industrial Buildings for $48M
The company has added to its portfolio around 119,000 square feet of industrial space located in San Francisco’s Dogpatch submarket.
Brennan Investment Group JV Buys 1.3 MSF Chicago Warehouse
The real estate firm and a client of Arch Street Capital Advisors purchased the fully leased property through the $300 million USIPA – Brennan Ventures II LLC investment vehicle.
CenterPoint Expands NJ Manufacturing Building
The developer broke ground on its first vertical construction project in the state, a 73,000-square-foot expansion of a facility in Somerset.
Industrial Real Estate Demand Growth is Decelerating
While ecommerce sales will continue to multiply, these two factors will dampen warehouse and distribution absorption, say Deloitte’s Steven Bandolik and Saurabh Mahajan.
FPL Begins Construction on 745MW Solar Projects
The 10 74.5-megawatt solar developments will increase the utility provider’s installed capacity by 60 percent and boost the company’s total solar capacity to 2 gigawatts.
Amazon-Leased Logistics Hub Completed in Phoenix
Graycor delivered the roughly 569,000-square-foot, Class A facility that the e-commerce giant will use as a fulfillment center. The building is part of a master-planned bulk distribution park.