INDUSTRY NEWS

Steel Peak Flips IOS Site at 50% Premium on Purchase Price

Steel Peak, an investment firm focused on industrial outdoor storage (IOS) properties. Read More

Airports Look to Real Estate for Additional Income Opportunities

For most people, airports are locations where planes take off and land. Some of the larger ones might also offer retail and dining options. Read More

Industrial Report: Tariff, Construction Uncertainty Reshape Market Dynamics

Despite trade tensions and rising costs, rents and investment stay strong, according to Yardi Matrix research. Read More

Related Cuts Office, Ups Industrial in Bay Area Master Plan

The market won’t sustain as much office as originally planned. Read More

TRANSACTIONS

National – Google Commits $25B to Data Center Infrastructure Across PJM Grid

Alphabet’s Google will invest $25 billion in data center and artificial intelligence infrastructure over the next two years in states across the biggest electric grid in the U.S., CNBC reported Tuesday. Read More

Phoenix, AZ – Shopoff Acquires Land for 270-Acre Mesa Project

Shopoff Realty Investments secured $52 million in financing from Peachtree Group for The Block at Elliot in Mesa, Arizona. Read More

Linden, NJ – 3PL Carrier SpeedX Signs on for 165K SF at Linden Logistics Center

3PL carrier SpeedX has leased 165,000 square feet at 200 Linden Logistics Way, a 516,476-square-foot distribution facility located in Linden, NJ. Read More

Phoenix, AZ – Cohen Sells 250K-SF Phoenix Warehouse

Cohen Asset Management sold Riverside 43, a Phoenix industrial building totaling 250,043 square feet. Read More

QUOTE OF THE WEEK

“The wise young wage earner of today invests their money in industrial real estate.”

– Andrew Carnegie