Industrial Real Estate Newsletter August 2024

INDUSTRY NEWS

Trammell Crow, Clarion Wrap Up SoCal Industrial Park

Situated in one the nation’s tightest markets, the 11-building property is fully leased.  Read More

Merritt Completes Raleigh-Durham Industrial Campus

Comprising three buildings, 42 Crossing features multi-bay and incubator spaces. Read More

Billionaires’ Row Experiential Office Tower Nears Completion

Alchemy-ABR and Cain International are turning workspaces in Midtown Manhattan into gold—LEED Gold.  Read More

Goodbye, Golden State: What’s Driving Chevron’s HQ Move

The company plans to relocate all corporate functions from the Bay Area over the next several years.  Read More

TRANSACTIONS

Los Angeles, CA – Mattel Expands Playground With $59M Purchase

The toymaker acquired a metro Los Angeles office asset.  Read More

New Brunswick, NJ – B&D Holdings Buys New Jersey Industrial Asset

JLL arranged $23.3 million in acquisition financing.  Read More

Atlanta, GA – Cousins Properties JV Pays $83M for Atlanta Office Asset

This Class A building previously traded for $118 million.  Read More

San Jose, CA – CIP Real Estate Pays $40M for San Jose Small-Bay Asset

A Colliers team brokered the transaction.  Read More

National – Orion Real Estate Buys 12-Asset Net Lease Portfolio

JLL Capital Markets arranged the $50 million transaction. Read More

QUOTE OF THE WEEK

“You’ve got some room to see more on the labor side, you’ve got room to see more on the inflation side.  It made sense to me to take the time and learn whatever we learn over the next seven weeks.”

– Thomas Barkin, President, Federal Bank Reserve Bank of Richmond