Industrial
Self-Storage Sales Continue Upswing with Public Storage’s $189M Portfolio Purchase
Transaction activity in the self-storage sector continues to pick up as Public Storage signs on to purchase a group of 30 properties primarily located in Southern California for $189 million.
USAA Lands 1.2M-SF Build-to-Suit Industrial Property in Atlanta
The struggling Atlanta industrial market is about to get a big infusion of space, but fortunately, it will not spike the vacancy rate.
KBS REIT Buys Three Buildings Totaling 283,559 SF
KBS REIT II has added three Class A industrial/flex space buildings totaling 283,559 square feet to its portfolio. All three buildings are located at the Plano Business Park in Plano, Tex., 19 miles north of downtown Dallas.
Highland Fairview Breaks Ground on Future Skechers Home
California Gov. Arnold Schwarzenegger presided over the groundbreaking of Highland Fairview Corporate Park in Rancho Belago, Calif., which developer Highland Fairview says will be the largest green building of its kind in the U.S.
Kohl’s Buys 970K SF Gateway South in Southern California
In one of the larger recent sales in Southern California over the last year, Kohl’s Department Stores has purchased Gateway South, a 970,000 square-foot distribution center at 825 East Central Avenue in San Bernadino, Calif. Financial terms were not disclosed.
Hotchkiss Named Executive Managing Director of Cushman & Wakefield U.S. Industrial Group
Cushman & Wakefield announced on Wednesday that they have tapped Dwight Hotchkiss to serve as executive managing director of its U.S. Industrial platform.
Colliers: Seaport Industrial Property Markets Face Mixed Recovery
The nation’s most active export-focused ports are enjoying stabilizing industrial occupancy rates, according to a new white paper from Colliers International.
Peerless Signs 308,000-SF Industrial Lease to Consolidate and Expand Suburban Chicago HQ
With rent prices down and landlords doling out concessions, now is a wise time to literally make a move, and Peerless Industries Inc. is doing just that.
NAR: Give Recovery Another Year
Despite indications that the economy is recovering, the National Association of Realtors is advising caution before slipping on the rose-colored glasses.
Calpine to Build First U.S. Power Plant with Emissions Limits
The power company Calpine said Thursday that it has gotten the go-ahead to build the country’s first plant with a federal limit on greenhouse gas emissions.