Industrial
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.
Rockefeller Group Sells 407 KSF Industrial Asset in CA
KKR acquired a recently completed distribution facility in the Inland Empire, part of the 1.5 million-square-foot Optimus Logistics Center.
DAUM Commercial Secures 10-Year Lease in Chandler, AZ
The company worked on behalf of Advanced Circuits to relocate the circuit manufacturer’s Arizona operations. The move is expected to bring 150 new jobs to the area.
Ivanhoé Cambridge, Oxford Properties Invest in IDI Logistics
The two Canadian pension funds formed a joint venture to share ownership of the Atlanta-based firm, a leading developer and manager of logistics real estate in the U.S.
Prologis Reports on Logistics’ Global Growth
A key takeaway: Rents posted considerable gains in 2018, increasing 8 percent in the U.S. and 6 percent worldwide.
FL Industrial Park Sells for $49M
A joint venture led by Blue Vista Capital Management acquired an 820,000-square-foot property in Longwood. The asset offers easy access to the northern Orlando metro.