Industrial
Portland Industrial Property Changes Hands for $49M
Specht Development and Ares Management have teamed up on the acquisition of the nearly 1 million-square-foot facility, which currently houses grocery wholesaler and retailer SUPERVALU.
Trade Wars Are No Obstacle to Industrial Sector—Yet
Nationwide, year-over-year rent growth hit 7.3 percent in the third quarter, according to a new report from Transwestern. A handful of the hottest industrial markets are doing even better.
Hiring Trends Buoy Suburban Rent Growth
Transwestern’s Jim Cardellicchio offers his perspective on why office and industrial properties outside of urban hubs are becoming increasingly attractive to investors and lenders.
Florida’s Sun Power to Grow by 7 GW
Solar generation will jump 44 percent over the next decade, the state public service commission predicts.
BLM Approves 500MW Solar Project in California
EDF Renewable Energy’s facility is slated to provide enough energy to power about 130,000 homes and employ more than 1,000 workers during the project’s peak.
TX Industrial Portfolio Commands $88M
Stos Partners and Washington Capital Management have teamed up on the acquisition of eight buildings comprising nearly 1.4 million square feet in the border city of Laredo.
Arizona Voters Reject Renewable Energy Proposition
The constitutional amendment would have required 50 percent of the electricity provided by APS to come from renewable sources by 2030, irrespective of the cost to customers.
Record-Setting R&D Lab Debuts at Philadelphia Navy Yard
Axalta’s 175,000-square-foot Global Innovation Center is the world’s largest coatings research facility and will bring some 200 science and engineering jobs to the 1,200-acre campus.
Gladstone Acquires $21M MI Industrial Portfolio
The two buildings comprise a total of nearly 220,000 square feet and are 100 percent leased. The properties were purchased through an UPREIT transaction.
Puerto Rico Seeks 100 Percent Renewable Energy
A special legislative commission is considering a bill that would aid the U.S. territory to meet its electric demand with 100 percent renewable energy by 2050.