INDUSTRY NEWS

FIRST REPUBLIC ASSET SOLD TO JP MORGAN

After the federal government seized First Republic Bank, it sold all of its assets to JP Morgan Chase on Monday, May 1st 2023. Read More

FED INCREASES RATES, SIGNALS END TO FURTHER HIKES

Fed Chair Jerome Powell said that the central bank will increase benchmark interest rates by a quarter-percentage-point, but also signals potential pause of further hikes. Read More

CHRISTMAS TREE SHOPS IS LATEST RETAILER TO FILE FOR BANKRUPTCY

Albemarle and Cirba pick South Carolina for their planned $1.3 billion and $323 million lithium plants to supply EV makers. Read More

 

TRANSACTIONS

INLAND EMPIRE, CA – INLAND EMPIRE INDUSTRIAL PORTFOLIO

GLP acquires Inland Empire industrial real estate portfolio for $325M in historic sale. Read More

SALT LAKE CITY, UT – TWO CLASS-A WAREHOUSES

GFI Realty Services sold two Class-A warehouses for $42.5M in West Valley, UT, in Salt Lake City’s NW Quadrant submarket. Read More

DALLAS-FT WORTH, TX – 3 BUILDINGS, 485K SQUARE FT TOTAL

Westcore Properties acquired Buildings 1, 2, and 4 at North Quarter 35 in Ft Worth, Texas from M2G Ventures. Read More

PHILADELPHIA, PA – INDUSTRIAL SHORT TERM SALE LEASEBACK

The Seyon Group and Berkely Partners Acquire 130K+ warehouse in Philadelphia for $11.2M. Read More

LOUISVILLE, KY – LOGISTICS CENTER 

JLL Income Property Trust acquires Louisville Logistics Center for $82M. It is currently leased by UPS. Read More

GREENSBORO, NC – 195K INDUSTRIAL BUILDING

Autel New Energy, a leading provider of intelligent automotive products and services, acquired Greensboro, NC industrial asset for $13.5M. Read More

ORLANDO, FL – INDUSTRIAL WAREHOUSE

GID acquires 237K+ square foot industrial warehouse in Orlando for $18M. Read More

 

QUOTE OF THE WEEK

“This part of the crisis is over.” – Jamie Dimon, CEO of JPMorgan Chase