INDUSTRY NEWS
Don’t Discount the Older Warehouses
Many of today’s tenants consider older large warehouses—the 100,000-square-foot and above projects built in 2000 and prior—obsolete. Read More
CRG, STAG Kick Off Louisville-Area Industrial Project
The duo will deliver this 500,240-square-foot project next year. Read More
Dermody Launches 10 MSF Logistics Campus
This is expected to be the largest port-area industrial project to get underway in the Southeast this year. Read More
Stream Breaks Ground on LA Industrial Complex
When complete, the campus will total 740,000 square feet. Read More
TRANSACTIONS
Baltimore, MD – Galvanize Real Estate Buys Maryland Industrial Portfolio
The properties are located between Baltimore and Washington, D.C. Read More
Savannah, GA – Capital Development Partners Lands $77M for Georgia Project
The industrial development comprises 1.2 million square feet. Read More
Boston, MA – Rhino Capital Acquires Kidde-Fenwal Facility in Off-Market Deal
Rhino Capital Advisors paid $27.87 million for a two-building industrial property totaling 218,316 square feet at 400 Main St. and 50 Leland Ave. in Ashland, MA. Read More
New York, NY – Terreno Acquires LIC Industrial in All-Cash $16M Deal
Terreno Realty has acquired 11-40 Borden Ave., a two-story, 36,000-square-foot industrial property located in Long Island City. Read More
QUOTE OF THE WEEK
“While the headline numbers might show some shifts, the underlying demand for industrial real estate remains robust, particularly in strategic nodes that offer excellent connectivity. We’re seeing diverse demand from e-commerce, third-party logistics, and increasingly, specialized manufacturing, which underscores the sector’s long-term strength.”
– David Egan, Global Head of Industrial & Logistics Research, CBRE.