INDUSTRY NEWS
CLAYCO SET TO BUILD $5B EV PLANT NEAR ATLANTA FOR RIVIAN
Rivian’s 16-million-square-foot campus is going to break ground in 2024, and Clayco was selected to build the new facility in Stanton Springs, GA. Read More
ARCADIA COLD OPENS COLD STORAGE FACILITY IN RENO
Arcadia’s 250,000-square-foot cold storage facility which is now open in Reno is the first of its kind in the market. Read More
COMMERCIALEDGE RELEASES LIST OF TOP 5 MARKETS FOR INDUSTRIAL REAL ESTATE TRANSACTIONS
CommercialEdge’s top industrial real estate transactions list accounts for nearly $11B in transactions, which represents more than one-third of the total sales in the commercial real estate sector. Read More
EV BOOM IN THE US CHANGES INDUSTRIAL REAL ESTATE MARKET
The Inflation Reduction Act is helping fuel electric vehicle manufacturing in the United States, creating a new “Battery Belt” of manufacturing centers across several states. Read More
TRANSACTIONS
BKM CAPITAL PAYS $67M FOR PORTLAND-AREA INDUSTRIAL REAL ESTATE CENTER
Kansas City Life Insurance Co sold the industrial real estate asset in Portland to BKM Capital Partners. It’s a five-building industrial campus with over 450K square feet of space in total. Read More
MANCHESTER, PA – GLP CAPITAL PARTNERS SELLS INDUSTRIAL REAL ESTATE ASSET FOR $110M
A 1M-square-foot industrial real estate facility in PA was sold for $110.3 million by GLP Capital Partners. Read More
MIAMI, FL – LONGPOINT PARTNERS ACQUIRES FLORIDA INDUSTRIAL PORTFOLIO
Longpoint Partners acquires a 25-building portfolio of industrial properties with roughly 1.4 million square feet of space in total. It’s one of the Florida’s largest real estate transactions in 2023. Read More
FL & TX – BASIS INDUSTRIAL BUYS 4 PROPERTIES & REFINANCES 2 OTHERS FOR $220M
Basis Industrial acquired and refinanced a six-property portfolio with 1.3 million square feet of space total. Read More
GARDENA, CA – HARBOR ASSOCIATES JV ACQUIRES FOUR-BUILDING INDUSTRIAL PORTFOLIO FOR $55M
Harbor Associates, in a JV with Evergen Equity, purchased a four-building industrial real estate portfolio in Gardena, CA for $55 million. Read More
SC, TN & WI – TEMPUS ACQUIRES INDUSTRIAL PORTFOLIO FOR $78M
Tempus Realty Partners acquired a four-property industrial portfolio for $78 million. The sale-leaseback deal was closed with The Carlstar Group. Read More
QUOTE OF THE WEEK
My assessment is that we are at, or near, the peak level of the target range of the federal funds rate.
– John Williams, President of the Federal Reserve Bank of New York