Industrial
Brennan Nabs 1.2 MSF Philly-Area Industrial Portfolio
The collection of 26 light-industrial buildings, located in Moorestown and Burlington, N.J., had belonged to Mack-Cali Realty Corp. and were purchased without mortgage financing.
Amazon’s Biggest Wind Farm Up and Running
The Texas facility, which will generate 1 million-megawatt hours of wind energy annually, is one of the 18 projects the company has launched across the country.
World’s First Floating Offshore Wind Farm Begins Operations
Developed by Norwegian state-owned Statoil in partnership with Masdar, the 30-megawatt pilot Hywind Scotland will power roughly 20,000 U.K. households.
Terreno Picks Up Miami Industrial Facility
The fully leased distribution facility sits on a 3.3-acre site and provides dock-high and grade-level loading positions, as well as parking for 49 cars.
Japanese Manufacturer to Build 1 MSF Hub in KC Area
Kubota Tractor Corp. plans to locate its North American distribution hub on 203 acres near the company’s current leased facility in Edgerton, Kan.
Dermody Snags Seattle-Area Industrial Complex
The firm acquired the three-building property as well as 18 acres on which an additional warehouse will be built. Meridian Campus Corporate Park’s location is considered ideal for expedient distribution to the Northwest’s major population centers.
On the Market: 5 Interesting Listings for October
This month’s listings include a charming 1928-built dinner theater in Connecticut and a stately U.S. Bank building in one of Illinois’ wealthiest towns.
Economy Watch: Industrial Assets Attract Offshore Investment
The asset type has attracted nearly $61 billion in cross-border investment into the U.S., according to a recent CBRE report.
Amazon’s Quest for HQ2 Broadens
Will it be Chicago? Irvine? Canada? According to a 2017 study by Development Counsellors International, survey respondents choosing the three most favorable U.S. business environments placed Texas first with 42 percent.
Industrial Investment to Stay Strong in 2018: RCM/SIOR Report
Based on a September survey of RCM principals and SIOR members, the report concluded that strong fundamentals, including robust leasing and rising rents, should keep the industrial investment sector on the healthy run it has had since 2011.