Industrial
Rexford Industrial Ends 2018 With 2 Deals
The Southern California REIT completed transactions totaling $29.9 million in metropolitan Los Angeles, where demand for distribution space remains at record levels.
Minneapolis-Area Logistic Centers Command $26M
CBRE Capital Markets facilitated the sale of a 386,295-square-foot core-plus portfolio to Cabot Properties. The buildings were 88 percent leased at the time of the acquisition.
Urban Outfitters Inks 310 KSF Industrial Lease in PA
The 309,000-square-foot facility is being developed by Herring Properties in Bucks County, Pa., and is slated for completion by mid-year 2019.
South Florida’s CRE Market: What to Expect in 2019
Colliers International’s Executive Managing Director Kenneth Krasnow addresses the region’s best performing sector and what will continue to drive growth in the next 12 months.
Bridge Development Makes Chicago-Area Industrial Acquisition
The company will demolish the existing facility and redevelop it into a state-of-the-art distribution center by the end of 2019.
HFF Arranges $180M Loan for Class A Industrial Portfolio
A joint venture between Bixby Land Co. and an institutional partner used an initial $48.9 million in funding to acquire four buildings across California and Arizona.
Amazon Signs 1 MSF Lease in Alberta, Canada
The upcoming facility will span 58 acres within Border Business Park, an industrial area at the outskirts of the city, and will represent Amazon’s second distribution center in Alberta.
JV Sells $72M Long Island City Industrial Building
Less than two years after buying the asset, the joint venture between Metropolitan Realty Associates and TH Real Estate sold the property for a tidy profit.
Missner Group Delivers Chicago Industrial Facility
The company partnered with Timber Hill Group to complete the Chaddick Industrial Center in the Northeast Cook County submarket. Cushman & Wakefield represented ownership.
Plymouth Industrial Closes Stock Sale, $97M Portfolio Purchase
The REIT sold $75 million worth of shares to Madison International Realty and used a portion of the proceeds to acquire a 1.1 million-square-foot group of assets in Jacksonville, Fla.