E-Commerce
Prologis Index Points to ‘Elevated Uncertainty’ for Logistics
Nationally, the COVID-19 pandemic has brought more activity to some parts of the sector while slashing activity in others, according to a new survey by industrial real estate powerhouse Prologis.
KKR Acquires Stake in European Logistics Company
The firm purchased a strategic interest in London-based Mirastar, a new pan-European industrial real estate developer, investor and manager.
China Logistics Investment Venture Completes $800M First Close
LOGOS, Ivanhoé Cambridge, Bouwinvest and a Gulf Cooperation Council-based investor move forward with a fourth fund in anticipation of a rebound in the market following the coronavirus.
Amazon Pays $91M for Baltimore Industrial Portfolio
Cushman & Wakefield handled the transaction, representing the seller of the six-building Techwood Business Center.
Grocery Stores Pick Up, While Most Retail Slows Down
Wells Fargo reports overall retail sales were down a record 8.7 percent in March, but grocery and general merchandise stores saw record growth.
Realterm Closes $109M European Logistics Fund
The Realterm Europe Logistics Fund, the firm’s first value-add fund in Europe, has acquired a 107,600-square-foot logistics facility in Brussels, Belgium.
Mapletree Investments Raises $1.8B in Equity for Latest Fund
The MUSEL Private Trust is the first U.S.-European logistics fund for the Singaporean investor and developer.
China’s Lessons Offer Hope for US Logistics
The warehouse sector’s 4.6 percent vacancy rate should help it weather slowing activity, according to Prologis.
Coronavirus Fallout for North American CRE Firms to Vary
Some sectors are poised to weather the impact of COVID-19 while others will be under substantial strain, according to DBRS Morningstar.
CenterPoint Properties Closes Blockbuster Deal
The off-market acquisition of 5600 E. Airport Drive in Ontario, Calif., marks one of the largest single-asset industrial transactions to close in Southern California in 10 years.