INDUSTRY NEWS

A LOOK AT INDUSTRIAL REAL ESTATE IN 2024: IS AN INVESTMENT COMEBACK ON THE HORIZON?

CommercialSearch.com covers the forecast for industrial real estate heading into 2024. Experts predict a slowdown in development, but a revived uptick in investments following positive signs from capital markets. Read More

ROBINSON WEEKS BEGINS WORK ON A 635K-SQUARE-FOOT INDUSTRIAL BUILDING IN NORTH CHARLSTON, S.C.

Robinson Weeks Partners broke ground on Charleston Global Crossing, a 635,328-square-foot industrial building in North Charleston, S.C. The development company along with Bridge Commercial is responsible for leasing the property. Read More

BRIDGE INDUSTRIAL INKS $54M INVESTMENT FOR NEW JERSEY INDUSTRIAL ASSET DEVELOPMENT

Mesa West Capital provided Bridge Industrial with $53.5 million for the financing of Bridge Point 999, a 291K-square-foot industrial asset in NJ. Read More

 

TRANSACTIONS

CHICAGO, IL – VENTURE ONE ACQUIRES CHICAGO-AREA INDUSTRIAL PORTFOLIO FOR $50M

Lake Forest Bank provided Venture One Rea Estate with a loan of $30.4 million to acquire an industrial real estate portfolio for $50.2 million. Read More

GREENWICH, CT – ATLAS HOLDINGS LLC ACQUIRES A 23-PROPERTY INDUSTRIAL PORTFOLIO FOR $300M

Atlas Holdings LLC recently acquired 23 properties as an initial investment in their industrial investment platform that could support up to $1B in investments including debt financing opportunities. Read More

CANTON, OH – MATTHEWS CLOSES $11.5M SALE OF MANUFACTURING ASSET

Matthews Real Estate Investment Services completed the sale of a manufacturing property in Solon, OH, a single-tenant manufacturing asset, for $11.5M. Read More

CHULA VISTA, CA – ROCKEFELLER GROUP SELLS 202K-SF SAN DIEGO INDUSTRIAL RE CAMPUS

Rockefeller Group sold Heritage Industrial Center, a 202K-SF industrial real estate campus in Chula Vista, CA to EQT Exeter. Read More

CA & AZ – BKM CAPITAL ACQUIRES INDUSTRIAL PARK FOR $79M

BKM Capital Partners, a California-based institutional fund manager, expanded its industrial footprint in the Western U.S. with the acquisition of three multi-tenant industrial assets in Phoenix and Silicon Valley for $79 million. Read More

TAMPA,FL – CLARION PARTNERS INKS TAMPA INDUSTRIAL PARK FOR $56M

PCCP LLC sold Tampa Airport Logistics Center, a two-building industrial real estate park, in Tampa, FL to Clarion Partners for $55.6 million. The industrial asset is 297K square feet total. Read More

CHICAGO, IL – WAREHOUSE BY CHICAGO EXEC AIRPORT SOLD

Marcus & Millichap brokered the sale of a 30K-square-foot industrial asset in Wheeling, IL for $1.9 million. Read More

 

 

QUOTE OF THE WEEK

CRE investors received good news in mid-December when the Federal Reserve held interest rates at the current level, in a range from 5.25 to 5.5 percent, and indicated there could be three rate cuts in 2024.

 – CommercialSearch.com Article by Gail Kalinoski