Industrial
Seymour Hills Wind Farm to Power Akamai’s Dallas Data Center
The project will contribute to Akamai’s commitment to source renewable energy for 50 percent of its global network operations by 2020.
Ørsted’s Lincoln Clean Energy Acquires Coronal Energy
The acquisition deepens Ørsted’s expansion in the U.S. following its acquisition of Deepwater Wind from D.E Shaw Group in a $510 million deal in October.
Keystone Arranges $36M for San Diego County Flex Buildings
The four buildings add to buyer RAF Pacifica Group’s portfolio. Almost all purchases were renovated within the past two years and are fully occupied.
Rexford Industrial Spends $30M on 2 LA Assets
The REIT acquired two properties within prime infill submarkets. Both buildings were fully leased at the time of the deal.
Cushman & Wakefield Negotiates 192 KSF Lease Renewal in Miami
Executive Director Wayne Ramoski and Managing Principal Gian Rodriguez worked on behalf of the tenant, which will continue to occupy Terreno Realty Corp.’s entire industrial building.
Enel Green Power’s 1st Zambia PV Project Begins Operation
The 34-megawatt solar facility, located in southern Zambia, will sell its energy to the country’s state-owned utility ZESCO through a 25-year PPA.
BKM Capital Closes $382M Fund
The firm’s second institutional fund will invest in undervalued, light industrial assets in target markets across the western U.S.
Top 10 Industrial Completions in the Inland Empire
Last year, developers added more inventory to the market than at any point during the past decade, with new product concentrated in only a handful of submarkets.
Work Starts on 750 KSF Logistics Center Near Baltimore
Atapco Properties has teamed up again with Chesapeake Real Estate Group to develop a pair of industrial buildings on a 52-acre site in White Marsh, Md. Delivery is slated for the first quarter of 2020.
Momentum Persists for Industrial, Office Sectors; Lags for Retail
Occupants and investors believe that online shopping will continue to weaken the retail market, according to a new RICS U.S. Commercial Property Monitor report.