INDUSTRY NEWS

NY OUTER BOROUGHS INDUSTRIAL REAL ESTATE POST BEST Q1 IN LAST 5 YEARS

New York Outer Boroughs industrial real estate markets start the year strong with leasing, absorption, vacancy and rental rates performing well in Q1 2024. Read More

AMAZON CONTINUES TO EXPAND LOGISTICS FOOTPRINT IN PHOENIX AREA

Amazon made a 10-year lease commitment to a Prologis facility in the Phoenix metro region. Read More

AI IS LEADING THE WAY FOR INCREASE OF DATA CENTER DEMAND ACROSS MARKETS

Artificial intelligence’s surge in adoption is driving historical growth in data center construction across the country and reshaping industrial development projects in many markets. Read More

PHOENIX INDUSTRIAL REAL ESTATE STAYS RED HOT IN 2024

The Phoenix industrial real estate market stayed red hot with over 10 million square feet of industrial space delivered in the last quarter alone. In 2023 there were 31.6M square feet of completed industrial real estate construction, which is 16% more than in 2022. Read More

NVIDIA SUPPLIER SK HYNIX TO DEVELOP $4B CHIP PLANT IN INDIANA

South Korean company SK hynix, Inc., a chip supplier for Nvidia, will spend nearly $4B on a chip packaging plant in Indiana. Read More

 

TRANSACTIONS

HOUSTON, TX – KBS SELLS LIGHT INDUSTRIAL FACILITY IN TEXAS

KBS recently sold Clay Crossing Business Center, a 222K-SF light industrial facility in Houston to HPI Holdings II LLC. Read More

ORANGE COUNTY, CA – ARES MANAGEMENT PAYS $64M FOR INDUSTRIAL ASSET IN CALIFORNIA

Clarion Partners sold a 250K-SF industrial property in Orange County for $64 million. The property more than doubled its value since it last traded hands a decade ago. Read More

INLAND EMPIRE, CA – EQT EXETER ACQUIRES CALIFORINA INDUSTRIAL ASSET FOR $197M

Manulife Investment Management sold the warehouse in Inland Empire, CA after owning the industrial asset for more than a decade. Read More

BLACKSTONE CLOSES $1B IN INDUSTRIAL REAL ESTATE ASSET SALES

Rexford Industrial Realty expanded its industrial real estate inventory with the acquisition of a combined portfolio totaling over 3M SF for $1 billion. Read More

AUSTIN, TX – EQT EXETER REIT ACQUIRES INDUSTRIAL ASSET FOR $61M

EQT Exeter Real Estate Income Trust Inc. paid $60.9 million for a 440K-square-foot industrial asset in the Austin, Texas area. Read More

 

 

QUOTE OF THE WEEK

“The artificial intelligence boom is driving unprecedented growth and reshaping industrial development.”

 – CommercialEdge Report