INDUSTRY NEWS
GREYSTAR FINALIZES 1ST INDUSTRIAL REAL PROJECT IN AZ
Gateway Grand Phase I, a 1 million-square-foot industrial project developed by Greystar, was just completed in the Greater Phoenix area. Read More
COCA-COLA SUBSIDIARY BREAKS GROUND ON $650M DAIRY PRODUCTS PLANT
The Coca-Cola Co and their fairlife dairy products subsidiary broke ground on a 745K-square-foot production facility by the Rochester, NY area. It will be a $650 million investment. Read More
SPECIALTY BUILDER SET TO SPEND $40M ON SILER CITY INDUSTRIAL FACILITY
An off-site construction services company is investing $40 million on a new factory outside of Siler City in North Carolina. The company’s investment in the area is set to create over 150 jobs in the area over the course of the next five years. Read More
TRANSACTIONS
ORLANDO, FL – INVESTCORP SELLS INDUSTRIAL ASSET FOR $40M
Harbert Management Corp acquired a five-building industrial park in Orlando, FL called Cypress Park for $40.5 million. Read More
RENO, NV – DORNIN ACQUIRES 20-BUILDING INDUSTRIAL PORTFOLIO FOR $70M
Dornin Investment Group (DIG) acquired a 20-building, 400K-square-foot portfolio of industrial real estate properties in Reno for $70 million. Read More
CHICAGO, IL – STONEPEAK PURCHASES INDUSTRIAL REAL ESTATE PORTFOLIO FOR $125M
Stonepeak acquired an industrial real estate portfolio in Chicagoland for $70 million. The total square footage of the buildings is 1.7 million. Read More
MOUNT PROSPECT, IL – ENTRE COMMERCIAL BROKERS SALE OF 112K-SF INDUSTRIAL PROPERTY
Entre Commercial Realty negotiated the sale of an 112K-SF on 5.6 acres of land in Illinois. Read More
MOUNT PROSPECT, IL – ENTRE COMMERCIAL BROKERS SALE OF 112K-SF INDUSTRIAL PROPERTY
Terreno Realty Corp further expanded its industrial portfolio around Washington D.C. with the acquisition of Fleet Industrial Park for $84.3 million. Read More
GLEN ALLEN, VA – SCANNELL PROPERTIES SELLS COLD STORAGE FACILITY FOR $85M
Scannell Properties sold its cold storage industrial facility for $85 million. It is currently occupied by Performance Food Group Co. Read More
QUOTE OF THE WEEK
“In recent months inflation has shown a lack of further progress toward our 2% objective. It is likely that gaining greater confidence will take longer than previously expected. My expectation is that over the course of this year we will see inflation move back down.”
– Chair Jerome Powell