Industrial
Economy Watch: Industrial Still Likely to Benefit from Free Trade
While the Trump administration plans to bolster U.S. exports and reduce imports, a trade war with China or a U.S. withdrawal from NAFTA are unlikely, which bodes well for industrial development and absorption, according to a recent Cushman & Wakefield research report.
Institutional Investors Upbeat About CRE, but Cut Commitments Anyway
A report based on the latest survey by Institutional Real Estate Inc. and Kingsley Associates indicates that U.S. players plan to commit $62 billion in commercial real estate this year.
Compton Industrial Space Completely Leased
UPS took more than 500,000 square feet of space at the LEED Gold-certified Brickyard South Bay in September. Best Buy is now taking up the rest with the signing of a 10-year contract.
Cite Partners Assists Denholtz Associates in Three Orlando Deals
In the first quarter of this year, Cite Partners acquired an industrial portfolio and leased two office and flex properties located in the Central Florida market.
Biewer Lumber Opens $85M Sawmill in Southern US
Roughly 125 workers will be employed at the new facility in Newton, Miss. Biewer Lumber currently operates four sawmills in the Midwest as well as three lumber/distribution centers.
Toyota to Invest Record $1.3B in Kentucky Plant
The revamped 7.5 million-square-foot facility, which ranks as the automaker’s largest factory in the world, will further boost the region’s industrial market.
Wanhua Picks Louisiana for $1.1B Manufacturing Facility
Immediate access to suppliers and deepwater transportation via the Mississippi River were among the factors that attracted the Chinese chemical group to the state.
TQL Opens Operations Hub in New Orleans
For the launch of the new 8,125-square-foot facility, the company will relocate five associates from the founding team to establish the new site, which is expected to start operations this June.
Midwest Steel Moves Operations to Rogers
The company will relocate its operations from New Hope to a new facility in Rogers, Minn. The Minnesota Department of Employment and Economic Development will support the project.
Raith Capital Lands $22M in Financing for 2 Assets
The company plans on using the equity to renovate Avera Commerce Center, an industrial campus in Texas and recapitalize The Centre at La Quinta, a shopping center in California.