INDUSTRY NEWS
FEDERAL RESERVE RATES CHANGE
The Federal Reserve raised rates a quarter of a point last week and indicated that rate increases are near an end.
BANK FAILURES & LENDING STANDARDS
Failures at Silicon Valley Bank, Signature Bank, and Silvergate Bank will lead to further tightening and lending standards.
$1.5 BILLION IN LITHIUM PLANT DEVELOPMENTS
Albemarle and Cirba pick South Carolina for their planned $1.3 billion and $323 million lithium plants to supply EV makers.
TRANSACTIONS
BOCA RATON, FL – BOCA LOGISTICS CENTER
Ares buys 120,000 foot Boca Logistics center building from McCraney Property Company for $28 million ($233/ft). Read More
SAN ANTONIO, TX – COLD STORAGE FACILITY
UBS buys 300,000 foot cold storage facility in San Antonio from Cold Creek Solutions. Read More
SANTA CLARA, CA – MANUFACTURING FACILITY
Ares buys 120,000 foot Boca Logistics center building from McCraney Property Company for $28 million ($233/ft). Read More
CHARLESTON, SC – 600K SQUARE FOOT FACILITY
Edgewater Ventures buys 600,000 ft facility from Gildan Active Wear in a sale leaseback for $51 million ($85/ft). Read More
JACKSONVILLE, FL – DISTRIBUTION CENTER
JB Capital Management buys brand new 168,000 foot distribution center occupied by Williams Sonoma for $21 million ($123/ft). Read More
KNOXVILLE, TN – OWENS & MINOR FACILITY
Varnhagen Family buys 122,000 ft Owens & Minor facility from Graham Capital for $24 million ($193/ft). Read More
QUOTE OF THE WEEK
“Depositors should assume that their deposits are safe.” – Fed Chair Powell