INDUSTRY NEWS

2023 NET LEASE INDUSTRIAL SALES AND CAP RATES

Northmarq reports on the latest trends for industrial real estate sales and cap rates at the moment. Read More

BOSCH BREAKS GROUND ON EXPANSION IN CHARLOTTE

Bosch is investing $130M on this facility expansion project in the Charlotte region. Read More

CANADIAN SOLAR SET TO BUILD FACILITY IN DALLAS

Construction of Canadian Solar’s plant in Mesquite, TX (near Dallas) is set to begin in late-2023. Read More

BIRTCHER LANDS $49M FOR INLAND EMPIRE DEVELOPMENT

Birtcher Development inked a $49.2M loan for the construction of an industrial facility in Fontana, CA. Read More

 

TRANSACTIONS

NORFOLK, VA – $24M SALE OF INDUSTRIAL PORTFOLIO

Thalhimer’s Capital Market Group finalizes $24M sale of Port of Virginia distribution portfolio. It’s a two-building industrial portfolio with immediate access to the Port of Virginia in Chesapeake, VA. Read More

MINNEAPOLIS, MN – WAREHOUSE TRADES FOR $28.9M

Onward Investors added a seven-year-old Lino Lakes warehouse to their portfolio in early June for $28.9M. Read More

COVINGTON TOWNSHIP, PA – HINES ACQUIRES INDUSTRIAL ASSET FOR $60M

Hines completed the acquisition of Covington Logistics Center in Pennsylvania for $60 million. Read More

ATLANTA, GA – MDH PARTNERS CLOSES $90M FINANCING FOR RECENT ACQUISITIONS

MDH Partners closed on $90 million financing from Wells Fargo for the recent expansion of its industrial footprint in Houston and Atlanta. Read More

CENTRAL FLORIDA – NEXPOINT EXPANDS INDUSTRIAL FOOTPRINT WITH ACQUISITIONS

NexPoint acquires 13 industrial buildings in Central Florida. Read More

 

 

QUOTE OF THE WEEK

“The global economy is at a critical juncture. Stern challenges must be addressed.” – Agustin Carstens, BIS (Bank of International Settlements) General Manager