Industrial
INTERNATIONAL: P3 Acquires Major Logistics Portfolio in the Czech Republic for $690M
PointPark Properties’s acquisition of warehouses and development land is one of Europe’s largest real estate deals of the past decade.
Duke Fills Metro Nashville Distribution Center with Big Lease
Duke Realty Corp. has signed B&G Foods to a new lease for 445,942 square feet in its Park 840 Logistics Center in Lebanon, Tenn.
Guest Column: Corporate Distribution Sales Continue to Drive Industrial Capital Markets
Avison Young industrial capital markets practice leader Erik Foster points out the attraction of traditional industrial space users in the investment market.
Lee & Associates Makes Ohio Debut with New Cleveland Office
Commercial real estate services firm Lee & Associates, taking another step in its aggressive growth strategy, has established a footprint in Ohio with the opening of a new office in Cleveland.
TierPoint Breaks Ground on New Data Center, Its Second in OKC
TierPoint has broken ground on a new 69,000-square-foot data center in Oklahoma City.
Economy Watch: E-Commerce Sales, Consumer Sentiment, Industrial Production
The Census Bureau reported on Friday that U.S. e-commerce sales for the second quarter of 2014 were $75 billion, up 4.9 percent, while the University of Michigan’s index of consumer sentiment dropped 2.6 points from the beginning of the month and U.S. industrial production increased 0.4 percent in July.
Amazon to Open Fifth California Fulfillment Center
Amazon.com Inc. will occupy a 700,000-square-foot fulfillment center in the Redlands, Calif., signing with building owner Clarion Partners.
INTERNATIONAL: Immofinanz Sells Warsaw, Prague Logistics Facilities
Bokserska Distribution Park in Warsaw and Westpoint Distribution Park in Prague sold above book value to Czech and British private investors.
Economy Watch: Home Price Increases Continue to Slow; Non-Manufacturing Sector Grows
Home prices nationwide, including distressed sales, increased 7.5 percent in June 2014 over the previous year, while economic activity in the non-manufacturing sector grew last month for the 54th consecutive time.
Seventh Street Breaks Ground on 500 KSF Final Phase of Business Park in Pomona, Calif.
Last chance. Seventh Street Development has broken ground on the fourth and final phase of Mission 71 Business Park, a 2 million-square-foot industrial campus in Pomona, Calif., within the high-demand San Gabriel Valley market.