INDUSTRY NEWS

 

ACKERMAN & CO BEGINS DEVELOPMENT OF 511K SF INDUSTRIAL PARK IN SAN ANTONIO

Ackerman & Co is set to build this new industrial park, and two of the buildings are set to come online in 2024. Read More

 

MANUFACTURING BOOMS DURING CONSTRUCTION “SURGE”

Manufacturing is thriving as spending is soaring on advanced facilities fueled during a surge of construction according to a report by CommercialEdge. Read More

 

AMAZON PLANS TO DOUBLE “SAME-DAY DELIVERY STATIONS”

Amazon is about to double down on reorganizing its fulfillment center network nationwide in favor or regional hubs that service satellite delivery stations. Read More

 

TRANSACTIONS

 

MIAMI, FL – $162M FOR INDUSTRIAL CAMPUS IN DEERFIELD BEACH

Blackstone’s Link Logistics acquired an industrial real estate campus in Deerfield Beach for $162 million. The campus has seven buildings and spans over 670,000 square feet. Read More

 

HOUSTON, TX – DALFEN PURCHASES 1M SF INFUSTRIAL PARK

Dalfen Industrial recently purchased Fairbanks Logistics Park, a newly developed, Class A industrial park with over 1M square feet of space. Read More

 

SAN DIEGO, CA – ARES MANAGEMENT ACQUIRES DISTRIBUTION CENTER

An Ares Management real estate fund recently purchased a newly built distribution center in Otay Mesa, CA, near San Diego. Read More

 

NORTHBOROUGH, MA – COLLIERS BROKERS $79M SALE OF TWO INDUSTRIAL ASSETS

Colliers brokered the sale of two industrial real estate facilities in Northborough, MA, located outside of Worcester for $79M. Read More

 

LOS ANGELES, CA – REXFORD INDUSTRIAL INKS $210M ACQUISITION

The LA-based firm, Rexford Industrial Realty, just closed on an industrial property for $210M in Los Angeles County. Read More

 

COLUMBUS, WI – AVISON YOUNG ARRANGES SINGLE TENANT NET LEASE PORTFOLIO SALE

Avison Young arranged the sale of a 16-warehouse industrial real estate portfolio on behalf of LCN Capital Partners for $38.5M. Read More

 

GLENDALE, AZ – CUSHMAN & WAKEFIELD ARRANGE $73.3M ACQUISITION FINANCING FOR INDUSTRIAL DEVELOPMENT

Cushman & Wakefield sealed a $73.3M acquisition financing for Hatcher Industrial, a newly developed industrial park in Glendale, AZ. Read More

 

 

QUOTE OF THE WEEK

“Even though the drop in [industrial real estate sales] activity when comparing this year versus last year was dramatic, when you look at the long-term trends the first half of 2023 was about on par with a longer-term average.”

– John Chang, Senior VP of Research and Advisory Services @ Marcus & Millichap