Industrial
Belay Investment JV Bets $70M on Portland
Belay Investment Group and L&L Investment Partners plan to purchase and reposition Portland office, multifamily and mixed-use properties. As its first investment, the JV acquired an asset comprising two 1940s-era warehouses in the city’s Guild’s Lake submarket.
CBRE Taps Central Valley Industrial Senior VP
Bringing 28 years of industry experience, Robert Taylor focuses on facility optimization, supply chain logistics and solutions analysis, incentives, warehouse/distribution and capital markets within this submarket.
Alphapointe Buys Warehouse, Relocates to Queens
The non-profit organization purchased a 138,000-square-foot brick warehouse in the borough’s Richmond Hill neighborhood. The property will serve as its administrative offices, manufacturing and distribution facility, and call center.
GM to Open New Arlington Supplier Park Next Year
General Motors selected Bob Moore Construction as the general constructor for the new Arlington Automotive Logistics Center. The two-building facility is scheduled for completion next year.
Rexford Snags $36M SoCal Industrial Assets
The two fully leased properties are part of the South Bay and Orange County West submarkets, which had vacancy rates of 0.6 percent at the end of the first quarter of 2017.
CT Realty to Develop $300M Industrial Park in Atlanta
Acting through its affiliate, Port Logistics Realty, the company is paving the way for the construction of a 3.5 million-square-foot project in Fulton County.
Broward County Business Center Commands $13M
The asset consists of two connected buildings mixing industrial and office spaces. The previous owner renovated the property after acquiring it in 2015.
Missner Invests in Ill.-Based Corporate Grove Business Park
The company acquired a fully leased 121,000-square-foot industrial facility in Buffalo Grove, Ill., and plans to use it as investment property.
Griffin Industrial Nabs First Charlotte-Area Property
The company purchased a 277,000-square-foot industrial building for $18.6 million. The Class A warehouse is currently 74 percent leased.
C&W Completes Sale of Miami International Logistics Center
Lincoln Property Company purchased the property, a prime infill redevelopment opportunity, from Keating Resources. The facility was 88 percent leased at the time of the sale.