Industrial
CPE Announces the 2018 Executives of the Year
Now in its 22nd year, the CPE Executive of the Year Awards program is adjudicated by a peer vote among leading executives from across the commercial real estate industry and based on accomplishments in the past year. Here’s what made the winners stand out.
Sitex Group Acquires NJ Industrial Facility
A private investor sold the 100,000-square-foot Carlstadt property. The transaction marks the buyer’s third recent acquisition in the area.
Mindful Capital Buys Industrial Asset Near Boca Raton
The company acquired a 48,000-square-foot warehouse in Deerfield Beach, Fla. A CBRE team secured the transaction on behalf of the seller.
Stanley Black & Decker Expands TX Footprint
The manufacturer of industrial tools and household hardware is taking space at a new 1.2 million-square-foot regional distribution center at Alliance Northport in Northlake.
Lehigh Valley Among Top Emerging Industrial Markets
The Pennsylvania region had positive absorption for the sixth consecutive year and kept the vacancy rate below 5 percent, despite an aggressive inventory expansion, according to a Colliers International report.
Bridge Development Buys Industrial Facility for $68M
Lee & Associates facilitated the sale of a 261,528-square-foot industrial asset located in Los Angeles, near the city’s downtown. The firm represented both the seller and the buyer in the deal.
New Jersey Continues Warehouse, Logistics Surge
Even though the state hit a 17-year high for new industrial development, demand was voracious enough to more than offset it, as rents keep pace with massive absorption.
Former NJ Ballantine Brewery Commands $61M
A Turnbridge Equities joint venture acquired the 1.1 million-square-foot building in Newark. The property is also located in an Opportunity Zone.
Westmount Sells Baltimore-Area Industrial Park
The company sold Logistics Pointe BWI in Hanover, Md., a 357,700-square-foot light industrial and distribution center, following a capital improvement program.
CBRE Takes Pulse of Southeastern US CRE
A CBRE update on 18 key cities highlights the prospects for the region’s office, multifamily, retail and industrial sectors.