Industrial
ExxonMobil, Qatar Petroleum Begin Work on Golden Pass LNG
The project is part of ExxonMobil’s plan to invest more than $50 billion over the next five years to build and expand manufacturing facilities in the U.S.
Transwestern Investment Group Acquires Fort Worth Industrial Property
DHL Supply Chain sold the 1.2 million-square-foot development, which comprises two cross-dock buildings completed in December 2018.
Picktricity Installs Thin-Film Panels on Petroleum Tanks
The pilot program unfolded in South Portland, Maine, at one of Sprague’s terminals. The two firms are now considering offering the technology to other terminal operators throughout the country.
OH Logistics Center Welcomes New Tenants
CBRE spearheaded leasing efforts on behalf of the owners. Flint Group, Wayfair, Novolex and YKK will occupy more than 238,000 square feet.
Summit Real Estate Buys Industrial Portfolio
The company has expanded its footprint with a five-property industrial portfolio located in St. Petersburg, Fla. The buildings sold for a total of $17.4 million.
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.