Industrial
Calare Properties Buys Warehouse, Secures Medical Marijuana Lease
The new owner acquired the industrial property in Littleton, Mass., and inked a 10-year lease with Premier Health Group LLC, an affiliate of a non-profit that provides organic medicinal marijuana to qualified patients.
Gramercy Closes $1.1B Sale of Euro-Portfolio
The transaction includes 35 assets totaling 11.6 million square feet, fully occupied. The properties are primarily in Germany and the Netherlands, with smaller footprints in France, Poland and the U.K.
Brennan Investment Unveils 1 MSF Chicagoland Tech Campus
The 85-acre Elk Grove Technology Park project near O’Hare International will deliver four speculative industrial and data center facilities. CBRE is in charge of leasing.
Burton Construction Breaks Ground on 25-Acre Business Park
The local commercial construction company has begun working on the 25-acre Lockwood Business Park. Completion is scheduled for early 2018.
Industrial Property Trust Nabs 104 KSF Asset
The company purchased the property in the Rancho Dominguez submarket of Los Angeles County for $12 million and has a $2.5 million renovation underway.
JLL Arranges $39M Sale of Phoenix Industrial Portfolio
Colony Northstar is the new owner of two institutional grade warehouses totaling more than 558,000 square feet. Both buildings offer flexible space that can accommodate single and multi-tenant layouts.
Xebec Targets E-Commerce Assets in Key Markets
HFF has secured a $46 million loan on behalf of the company’s first industrial portfolio, which includes warehouse buildings in Los Angeles and Chicago.
Delta Introduces Outdoor Energy Storage
The company’s new system has a high energy density and long lifecycle, making it well-suited for use in commercial and industrial buildings.
When AI, Real Estate Meet
Computers, robotics and related technologies in the workplace are causing major changes to how work gets done, creating disruptions as well as opportunities for real estate providers.
Escondido’s 1st Industrial Project in a Decade Breaks Ground
Badiee Development has commenced construction on Escondido Victory Industrial Park, a 91,000-square-foot project designed by Ware Malcomb and slated for completion in the spring of 2018.