Commercial property

Can the Russian-Ukrainian crisis make CRE more sustainable?

With energy prices skyrocketing since Russia’s invasion of Ukraine, there is much talk about how to reduce America’s dependence on expensive foreign oil and reduce our reliance on oil and gas. gas, period. Does this mean that the Ukrainian crisis will accelerate energy efficiency and the transition to renewable energies? If the pattern of history […]

Industrial property

It’s time to change Sungai Buloh’s industrial property market

KUALA LUMPUR (March 13): Bordering the bustling towns of Kepong and Damansara, Sungai Buloh has come of age over the past 20 years. The development of this area is anchored by industrial and residential segments. Sungai Buloh Industrial Market is well known for its many local small and medium enterprises (SMEs), especially those in the […]

Commercial property

Colliers International expects healthy UK retail property returns in 2022

Commercial real estate is lagging, but the industrial sector will continue to help support returns as warehouses, prime office space and life science/pharmaceutical assets remain in demand. American-owned international estate agents Colliers International expect all sectors of the UK market to post positive growth in total returns in 2022, with the main industrial property sector […]

Industrial property

Optimistic investment sentiment in the field of industrial property

The logistics sector has seen a number of large-scale investments in the first few months of the year as it experiences a period of significant growth which is vital to the ongoing development of the country’s economic recovery. Many real estate developers are looking for industrial land for quality warehouses and more, Photo: Le Toan […]

Commercial property

Potential impact of the Russian-Ukrainian conflict on the commercial real estate market in South Africa

It is too early, and the future of the Russian-Ukrainian conflict is too uncertain, to say with certainty what the extent of the economic and real estate impact in South Africa could be. However, there are seemingly obvious potential points of impact on the national real estate market via economic impacts. First, the conflict appears […]

Industrial property

NAI Legacy acquires industrial property for the expansion of the Jonny Pops company

NAI Legacy Acquires 80,000 Square Foot Industrial Facility Acquisition for DST Placement Minneapolis, MN – NAI Legacy and its affiliates are pleased to announce the acquisition of the ±80,000 square foot industrial property for JonnyPops’ new corporate headquarters. The new facility, what they call the “Plant for the Future” project, is located ±30 miles outside […]

Industrial property

NAI Legacy Acquires Industrial Property for Jonny Pops Expansion

ELK RIVER, MN, USA, March 4, 2022 /EINPresswire.com/ — Contact information: INA’s legacy Amelia Bjorklund investment analyst 3600 American Boulevard West Suite 360 Bloomington, Minnesota 55431 (952) 491-3069 [email protected] NAI Legacy Acquires 80,000 Square Foot Industrial Facility Acquisition for DST Placement Minneapolis, MN – NAI Legacy and its affiliates are pleased to announce the acquisition […]

Commercial property

Cohen and ASB pay $130 million for Greater Phoenix asset

Landing 3. Image courtesy of Cushman & Wakefield A subsidiary of Cohen Asset Managementin partnership with ASB Real Estate Investmentspaid $130 million for Landing 3, a seven-building, 525,342-square-foot industrial property in Mesa, Arizona. The joint venture of Martens Development Co.formerly known as Marwest Enterprisesand Dune Real Estate Partners sold the Class A asset. According to […]

Industrial property

Stos Partners Acquires 35,000 Square Foot Industrial Property in Los Angeles County – OsideNews

Encinitas CA— Stos partnersone of Southern California’s most active commercial real estate investment and management firms, acquired a two-tenant, 35,000 square foot industrial property in the Los Angeles County submarket in Signal Hill, California. The company’s first purchase of 2022 follows a record year in which Stos Partners negotiated more than $330 million of commercial […]

Industrial property

West Hartford investor buys mid-size industrial property for $883,584

A local real estate investment firm that sold a mid-size industrial property in West Hartford for $900,000 in 2020 recently bought it back for slightly less. C&G Properties, of West Hartford, sold the 1.6-acre property with two light fabrication buildings to Albert Kalanica in 2020. Albert sold the property back to C&G for $883,584 in […]

Industrial property

Covington council approves sale of industrial property for $1.75 million

COVINGTON, Ga. – Covington City Council members have unanimously approved the sale of nearly 35 acres of industrial property to Newton Investments, LLC. The 34,928-acre property, part of the Covington/Newton County Industrial Park, is located adjacent to Georgia Hwy. 142, will sell for $50,000 an acre, for a total of approximately $1.746 million. Since the […]

Industrial property

Buyers eye Mt Maunganui site amid ‘chronic shortage’ of industrial property

Monday, February 14, 2022, 8:36 a.m.Press release: Bayley A large industrial site for sale in Mt Maunganui is expected to spark a flurry of buyer interest as Covid-related freight and supply chain issues fuel an acute shortage of industrial property in the market. The well presented warehouse building on over 7,000 square meters of freehold […]

Industrial property

Industrial property with Holliston marijuana grow site sold

An industrial property in Holliston that houses a cannabis grow facility is the top real estate deal this week. Holliston Assessors records show that the property, 29 Everett St., has an industrial building and outbuildings on 4 acres. He was transferred on January 31 for $16 million. New England Cannabis Corporation Inc. has listed 29 […]

Commercial property

Nations commercial property sells for $2.85 million | Development

Darek Bell, a Nashville-based real estate investor, distiller and entrepreneur, paid $2.85 million for space apparently located in a Nations building. The seller (the building offers an address 4731, boul. of the Centenary), was an LLC affiliated with the Phoenix-based development company Alliance Residential Co. It should be noted that in June 2020, Bell sold […]

Industrial property

City of Industry industrial property sells for $11 million

15430 Procter Ave. in the city of industry. Brentwood-based Rexford Industrial Realty Inc. has purchased nearly 4 acres of industrial property in the City of Industry for nearly $11 million.The property, at 15430 Proctor Ave., is 64,320 square feet.Bob Dipre and Dennis Sandoval of DAUM Commercial Real Estate Services represented the seller, Gayton Group, in […]

Industrial property

Witham’s industrial property sold for over £8m

An industrial property has sold for over £8m on an estate just off the A12. Estate agency Fenn Wright has secured the deal which has seen 2 Eastways, in the industrial estate of Freebournes Road, Witham, sold for the figure of several million pounds. The property comprises a detached factory/warehouse with offices to the front […]

Industrial property

Developer pays $20 million for West Side industrial property | Development

Nashville-based developer and Stocking 51 owner Nathan Lyons paid $20 million for industrial property at The Nations, according to a Davidson County Deeds Registry document. The addresses are 1101 and 1111 63rd Ave N. The seller of the West Nashville property was Genesco Inc., which paid a collective $333,000 for the land and warehouses therein […]

Industrial property

East End Capital Acquires Industrial Property of Sunnyside

Jonathon Yormak, Founder, Managing Director, East End Capital; and map of 48-02 48th Avenue in Sunnyside Queens (East End Capital, Google Maps) East End Capital has reportedly taken a bite out of Queens’ bustling industrial market, acquiring a refurbished industrial property in Sunnyside. The company paid $41.7 million for the warehouse at 48-02 48th Avenue, […]

Industrial property

Marcus & Millichap sells 479,000 square foot RI industrial property for $3.5 million

CUMBERLAND, RI – Marcus & Millichap announced the sale of 1 Ann and Hope Way, a 479,000 square foot industrial property located in Cumberland, RI. The asset sold for $3,500,000. Harrison Klein, Laurie Ann (LA) Drinkwater, CCIM and Seth J. Richard, investment specialists in Marcus & Millichap’s offices in Boston and Manhattan, had the exclusive […]

Industrial property

Avison Young arranges sale-leaseback of 10-acre industrial property in Dayton for Prologis

Prologis purchased, with rental plans, a 10-acre industrial property in that currently occupied by Fleet Source and other tenants, according to an announcement made Tuesday by Avison Youngfrom the Metropark office. Avison junior directors Edward English, Ron Ganter and Tom Giannone, senior vice presidents Timothy Cadigan and Matthew Turse and senior partner Paul Errigo, all […]

Industrial property

North West industrial property transaction values ​​break through £1billion barrier in record year

The North West industrial property market had another record year in 2021, with investment deals crossing the £1 billion mark for the first time. A report by specialist agents, B8 Real Estate, also found that occupant care was at unprecedented levels. There were 106 investment deals worth a total of £1.3bn during the year – […]

Industrial property

Deal value tops £1bn in record year for North West industrial property market

Walker Industrial Estate, Blackburn 2021 has been another banner year for the North West industrial property market, with investment deals crossing the £1billion mark for the first time and occupier takeover at record levels previous, according to specialist agents B8 Real Estate. IThe latest market update shows there were 106 investment deals worth a total […]

Industrial property

Investor takes ownership of DeSoto

An investor has snapped up industrial property off Interstate 20 in DeSoto. The I20 Corporate Center is a 385,472 square foot industrial property located at 220 E. Danieldale Road. The building is Diab America’s North American headquarters and supplier of industrial materials and machinery. The warehouse was built in 1986 and expanded in 1992. Bradford […]

Industrial property

State DEC, EPA Investigate Allen Street Industrial Property

1061 Allen Street An Allen Street industrial property threatened with collapse is also being investigated by the State Department of Environmental Conservation and Environmental Protection Agency for contamination. The property is located at 1061 Allen Street and is owned by Allen Street Development LLC whose main owners are Richard Rusiniak and his wife from Cheektowaga. […]

Industrial property

Sitex Group pays $30 million for Greenpoint industrial property

360 Kingsland Avenue in Greenpoint, Brooklyn (Google) Sitex Group acquired an additional 98,000 square feet of industrial property in Brooklyn earlier this month for $30 million. According to the Commercial Observer, the New Jersey-based investor snapped up 360 Kingsland Avenue via an off-market deal brokered by TerraCRG partners Dan Marks and Daniel Lebor on Jan. […]

Industrial property

Marcus & Millichap Reaches Deal on 47,654 Square Foot Industrial Property Near Magic City Innovation District for $13 Million

MIAMI, Fla., January 19, 2022 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, today announced the sale of Little River, a 47,654 square foot industrial property located in Miami, Florida. According to Ryan Nee, senior vice president and district manager of […]

Industrial property

814 housing units proposed for industrial property in Port Covington

Today at the Baltimore Department of Urban Planning’s Urban Design and Architecture Advisory Committee (UDAAP), 28 Walker and its development partners, K. Hovnanian Homes and Greystar, presented a master plan for 814 accommodations in Port Covington. The development will replace Locke Insulators’ former 25-acre property at 2525 Insulator Dr. The Locke Insulator Company built its […]

Industrial property

Weston Acquires Another Midlands Industrial Property > Columbia Business Report

Weston Inc., a Cleveland-based property owner and developer, continues to acquire properties in the Midlands. Weston, with nearly 7 million square feet in its SC portfolio of 45 properties, has acquired a vacant 182,160 square foot industrial building at 3240 Brittain Drive in Newberry. Last February, Weston acquired three vacant properties in the large Columbia […]

Commercial property

Rising activity sees commercial real estate sector rebound

The UK commercial property sector has shown a return to form over the past year, including an impressive turnaround for the retail and office sectors, according to Sirius Property Finance. The latest market analysis from the property debt advice specialists revealed that in 2021 the UK commercial property sector completed 2,789 sales transactions, up 3% […]

Industrial property

Industrial property will outperform in 2022

Industrial property will continue to perform well in the commercial sector, while CBD offices and retail will potentially struggle in 2022. That’s the belief of appraiser, Nick Barlow of Suburbanite, who predicts another strong year ahead for commercial real estate. According to Mr. Barlow, the commercial real estate market and the industrial sector, in particular, […]

Industrial property

Industrial property and retail warehousing outpace office investment in Scotland for the first time since 2011

Industrial property and retail warehousing outperformed Scottish office investment for the first time since 2011, according to Knight Frank. The sub-sectors were responsible for boosting commercial property investment in Scotland, with a combined investment of £541m last year. The estate agency and property consultancy revealed this represented almost a third of the overall 2020 investment […]

Industrial property

Staley Point Capital Acquires Industrial Property of City of Industry for $22 Million

LOS ANGELES, January 13, 2022 /PRNewswire/ — Staley Point Capital (“Staley Point“), a value-added investor focused on infill industrial properties, today announced the off-market acquisition of 18689 Arenth Ave, a 97,000 square foot industrial asset in the City of Industry, Californiafor $22 million or $227 per square foot. The transaction represents the company’s first investment […]

Industrial property

ABG Commercial Brokers $15.7 Million Sale of Lawrence Industrial Property

Lawrence, MA – Oliver Street Capital, in a joint venture with an institutional financial partner, has acquired a 90,692 square foot warehouse/distribution center located in Lawrence Industrial Park at 91-101 Glenn St. for 15, $7 million. The asset is fully leased to Mainstream Global, a full-service reverse logistics solutions provider for IT and electronic equipment. […]

Industrial property

Cushman & Wakefield Brokers Sale of Fully Leased R&D and Industrial Property for $82.55 Million

300 Riverpark Drive North Reading, MA – Cushman & Wakefield announced that the real estate services company has arranged the sale of 300 Riverpark Drive, a 228,921 square foot industrial and R&D property located in North Reading, Massachusetts. The final sale price was $82,550,000. Dave Pergola, Brian Doherty and Pete Rogers of Cushman & Wakefield […]

Industrial property

Albania amends industrial property law

Amendments to the Albanian Industrial Property Law, introducing new provisions regarding trade secrets, trademarks and internal market inspection, entered into force on August 22, 2021. Trade secrets The most significant change is the transposition of Directive (EU) 2016/943 on the protection of undisclosed know-how and business information (trade secrets) against their unlawful acquisition, use and […]

Commercial property

Commercial real estate 2021: the industry reviews the year

It has been an eventful year for the commercial real estate sector, which remains largely a work in progress thanks to the challenges of Covid-19. Owners and developers in the besieged office sector of Australia’s once buzzing central business districts are still accepting the implications of Covid-19 after the pandemic accelerated deployment and investment in […]

Industrial property

CBRE represents GFI Partners in the $18 million sale of industrial property to Woburn

225 Wildwood Ave, Woburn Woburn, Massachusetts— CBRE announced that it has arranged the sale of a 66,225 square foot industrial property located at 225 Wildwood Avenue in Woburn, Massachusetts. Based in San Francisco Berkeley Partners acquired the asset for $18 million. The CBRE team of Scott Drago, Chris Skeffington, Doug Jacoby, Anthony Hayes, Roy Sandman, […]

Industrial property

Toledo to hold hearing for sale of industrial property | News

Once again, the city of Toledo is seeking to cede the industrial property of Toledo which has been vacant since 2010. Toledo’s industrial property, which includes tax lots 700, 800 and 900 in Toledo, was first offered to the city by Georgia-Pacific in 1986 as a gift intended to create space to help generate growth […]

Commercial property

Investing in commercial real estate – Germiston City News

Commercial real estate has always been considered a good investment because the value of the asset always increases over a long period whether the market goes up or down or trends change. In the past, most investors in commercial real estate were institutions such as insurance companies and listed companies. However, in recent years, more […]

Industrial property

Podcast: How Prologis became the largest industrial property owner in the world | RENX

Podcast: Walt Rakowich, former CEO of Prologis, on industrial CRE Walt Rakowich, former CEO of Prologis, joins host Chad Griffiths to discuss a range of topics from personnel, to the re-emergence of Prologis as an industrial CRE powerhouse, to the industry itself. Rakowich holds a bachelor’s degree in accounting from Pennsylvania State University and an […]

Industrial property

SKB is acquiring a 24,235 square foot industrial rental property located in the historic Ballard neighborhood of Seattle, Washington. |

PORTLAND, Oregon., December 17, 2021 /PRNewswire/ — ScanlanKemperBard (SKB) has announced the acquisition of 600 NW 40and Street, an industrial property located on 0.83 acres just off Leary Way NW between the Ballard and Fremont neighborhoods. The property consists of two warehouses, one of which was recently completed in 2020. The property is currently 100% […]

Industrial property

Staley Point Capital Acquires Second Commercial Industrial Property for $13 Million

LOS ANGELES, December 17, 2021 /PRNewswire/ — Staley Point Capital (“Staley Point“), a value-added investor focused on infill industrial properties, today announced the acquisition of 2425 Saybrook, a 42,000 square foot warehouse with excess land in Commerce, Calif., for $12.95 million. dollars, or $308 per foot of building or $119 per foot of land. The […]

Industrial property

DC company buys industrial property in Winchester | Winchester star

WINCHESTER – Washington, DC-based real estate firm Ritz Banc Group has purchased industrial property at 310 Tyson Drive in Winchester. The 244,500 square foot property was sold by InterChange Group Inc. to Ritz Banc Group for $12.2 million. Threshold Enterprises, a distributor of fine, natural, nutritional and specialty products, currently operates at the site. Christopher […]

Industrial property

TISHMAN SPEYER LAUNCHES INDUSTRIAL REAL ESTATE PLATFORM WITH THE ACQUISITION OF TWO MIDDLE MILE DISTRIBUTION CENTERS |

NEW YORK, December 15, 2021 / PRNewswire / – Tishman Spire, one of the world’s leading developers, owners, operators and managers of premier real estate assets, today announced the acquisition of two middle mile distribution centers in Colorado and Pennsylvania. Tishman Spire, Hana Financial Group (HFG) and Vestas Investment Management (Vestas) purchased the facilities, both […]

Industrial property

BridgeCore Capital concludes industrial property loan in

Beverly Hills, Calif., December 15, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – BridgeCore Capital, Inc. today announced that it has entered into a $ 1 million short-term industrial property loan in Provo, Utah. BridgeCore’s borrower needed a bridging loan to acquire vacant industrial property in Provo, Utah, comprising an industrial warehouse and creative office building, […]

Industrial property

TISHMAN SPEYER LAUNCHES INDUSTRIAL REAL ESTATE PLATFORM WITH THE ACQUISITION OF TWO MIDDLE MILE DISTRIBUTION CENTERS

NEW YORK, December 15, 2021 / PRNewswire / – Tishman Spire, a leading developer, owner, operator and manager of world-class real estate assets, today announced the acquisition of two middle mile distribution centers in Colorado and Pennsylvania. Tishman Spire, Hana Financial Group (HFG) and Vestas Investment Management (Vestas) purchased the facilities, both 100 percent leased, […]

Commercial property

6 business real estate trends to watch in 2022 in SA

Industrial property performs best in the commercial real estate landscape, thanks to relatively low vacancy rates, the growing importance of e-commerce and the relatively affordable price of this class of property. And while commercial properties are yet to come out of the woods, Jack is excited about the industry’s ability to recover from the hard […]

Industrial property

Islandia industrial property nets $19.35 million

An industrial property in Islandia has been sold for $19.35 million. BCD Acquisitions LLC, an entity registered with the Denver-based Black Creek Group, purchased the 106,874 square foot building on 5.87 acres at 40 Enter Lane. The property is leased to Best Buy, which uses it for its last mile logistics and warehousing and distribution […]

Industrial property

Staley Point Capital acquires industrial property from Sylmar for $ 24 million

LOS ANGELES, December 9, 2021 / PRNewswire / – Capital of Staley Point (“Pointe Staley“), a value-added investor focused on Southern California industrial properties, today announced the acquisition of 12450 Foothill Blvd., a 103,000 square foot industrial property in the North Los Angeles market, for $ 24 million ($ 234 per square foot). This transaction […]

Industrial property

GBCSA assigns City Industrial Property a Green Star, Net-Zero Carbon rating

City Industrial Property’s flagship facility in Belville, home to City Logistics in Cape Town, has achieved a 4-star Green Star Custom Industrial rating and a Net-Zero Carbon rating from the Green Building Council South Africa (GBCSA). “City Industrial Property is showing real leadership with this facility and setting an example that other players in the […]

Industrial property

Devli acquires an industrial property of 460,000 s / f PA

Devli Real Estate has acquired a 38-acre 461,433 s / f industrial property in Bedford, Pennsylvania. Located at 550 Sunnyside Road, the property is fully leased to a trio of premium tenants and includes expansion capacity. The property has easy access to major freeways, between I-70 / I-76 and Route 30, and serves the entire […]

Industrial property

Dunleer buys Temple City industrial property for $11 million

Beverly Hills-based Dunleer bought a 64,109 square foot industrial property in Temple City for $10.6 million from rake maker McGuire Industries Inc.The industrial building is located on 115,084 square feet of land at 9620-9642 Gidley St.“As consumer demand for last-mile delivery and supply chain costs rise, assets like these, which are located in dense submarkets […]

Industrial property

ESR CEO Phil Pearce Says Industrial Property Boom Still Has A Long Way To Go

“And even when they return to normal, I think the inventories [had] become too skinny, and as a result, I think inventory levels are going to be higher for the foreseeable future. “ He said industrial property demand from users and investors is here to stay as the trends consolidate. “Every day you talk to […]

Industrial property

North Staffs companies jostle for industrial property as national shortage continues

Businesses are scrambling to snap up industrial property in North Staffordshire as soon as it hits the market due to a nationwide shortage of warehousing, according to agents at Harris Lamb. While there has been a widespread shortage of industrial property for several years, the Covid-19 pandemic has compounded the problem. Agents say demand has […]

Industrial property

Tomball City Council considers reinvestment area of ​​Lovett’s industrial property tax increases

Tomball City Council has started negotiations to designate 240 acres on the highway. 249 and Rocky Road as an area for improving tax increases. (Anna Lotz / Community Impact Journal) Tomball City Council has started discussions on whether to implement a Tax Increase Reinvestment Zone, or TIRZ, on 240 acres of land in Hwy. 249 […]

Industrial property

“The market is on fire”: competition for industrial property in Saint-Louis intensifies | Local company

Construction begins at the Westport Commerce Center, on land protected by the Howard Bend Levee District, just east of the Missouri River in Maryland Heights. The area, shown on Wednesday, will be the first Class A industrial park to be built in Maryland Heights in three decades, said David Branding, general manager of commercial real […]

Industrial property

Industrial property boom prompts more buyers to buy off-plan

“This is not what normally happens. You could take out a few, but now entire developments are sold. “Traditionally, buyers wanted to see the finished product before buying, but now, due to limited industry subdivisions, they take the risk and don’t want to miss it. “ Confidence is high Mr Jackson said the trend was […]

Industrial property

Dalfen Industrial acquires the industrial property SoCal

The industrial property is located less than 3 miles from I-215, providing southern access to San Diego, and north to I-10, SR-CA-60 and CA-SR-91, allowing east-west connectivity, including Port Long beach/Port Los Angeles about 70 miles west. In recent months, the Inland Empire region of California has experienced a 20-30% rent increase along with a […]

Industrial property

21-acre industrial property to be redeveloped in the Carroll-Camden industrial estate

Hanover, Maryland-based Chesapeake Real Estate Group (CREG) has a contract on the former Kaydon Ring & Seal facility at 1400 Bush Street in the Carroll-Camden industrial estate. CREG plans to demolish the existing buildings on the 21-acre property and develop a new industrial / logistics facility. Kaydon closed its Baltimore plant in 2017 and moved […]

Industrial property

Grapevine logistics buildings are the latest proprietary sales

Sales Stag Industrial purchased D / FW North Logistics Center, a two-building, 202,140 square foot logistics center located at 2400 and 2402 Esters Blvd. at Grapevine, a subsidiary of Olympus Ventures. Randy Baird, Jonathan Bryan, Ryan Thornton and Eliza Bachhuber of the CBRE Group negotiated the sale of the industrial buildings. Partnership directed by Katzir […]

Industrial property

Blackstone cashes 282,000 square foot industrial property for $ 57.5 million

9500 West Sergo Drive and Yoon Khong Hiew, CEO of Singapore REIT Mapletree (Google Maps, Mapletree) Blackstone Real Estate Advisors has cashed in a 282,000 square foot industrial property in suburban Chicago for $ 57.5 million. Mapletree US Management purchased the land occupied by FedEx Ground at 9500 West Sergo Drive in La Grange on […]

Industrial property

GPR Ventures acquires the industrial property of Natomas

Courtesy photo STAFF REPORTTHE BUZZ NATOMAS | @natomasbuzz GPR Ventures announced today that it has purchased an 84,537 square foot industrial property at the corner of Del Paso Road and Northgate Boulevard in Natomas. The locations at 4700, 4720 and 4740 Northgate Boulevard include both warehouse and office space and are already 98% leased to […]

Industrial property

PCCP and Capital Partners Acquire 386,724 Square Foot Industrial Property in Minnesota

PCCP, LLC and based in Minneapolis Capital partners have formed a joint venture and acquired a soon to be vacant 386,724 square foot Class A industrial property at 19850 S. Diamond Lake Road in Rogers, Minnesota. The seller was Stag Industrial. Built in 2001, Diamond Lake Road sits on a 22 acre site and has […]

Industrial property

Industrial property overhang immersion | EdgeProp.my

The Covid-19 pandemic has given a boost to the growth of e-commerce, with more and more conventional retailers moving their presence online. Riding the trend, demand for industrial and logistics real estate has also accelerated. This is what emerges from statistics published by the National Property Information Center (NAPIC), where in the first half of […]

Industrial property

EKJ Wheeling and Thor Equities landed a 500,000 square foot industrial property last month

2750 W. 35th St, Chicago, IL; 2940 W. 36th St, Chicago, Illinois (LoopNet, NAI Hiffman) Two companies acquired a total of 500,000 square feet of industrial space in the Chicago area last month, which is already on track to surpass last year’s industrial sales volume. EKJ Wheeling LLC purchased a 310,000 square foot industrial property […]

Industrial property

Latest lockdown adds fuel to industrial property market

Monday, October 4, 2021, 8:39 a.m.Press release: Bayley The recent construction halt resulting from Covid 19 lockdown restrictions in Auckland has put further pressure on an industrial property market that is already struggling to keep pace with demand. Artist’s impression of Hancocks’ distribution and headquarters complex in Mangere which sold for $48.8 million Scott Campbell, […]

Industrial property

$2.5M industrial property in Kelowna sells for 4 times minimum price in municipal tax sale

FILE PHOTO – A light industrial property at 9025 Jim Bailey Rd. on the north end of Kelowna near Lake Country. The property, valued at approximately $2.5 million, was sold at the City of Kelowna’s tax sale on Monday, September 27, 2021 for $510,000, even though the taxes held on […]

Industrial property

Overton Moore Buys Gardena Industrial Property for $35 Million

Torrance-based Overton Moore Properties has acquired a 10.8-acre industrial property in Gardena for $35.1 million.The property at 1600 W. 135th St. has six buildings totaling 261,950 square feet and is fully leased to an undisclosed aerospace tenant. Cushman & Wakefield Inc.’s Mike Condon Jr., Erica Finck, Bailey Dawson, Brittany Winn, and McKenna Gaskill represented the […]

Industrial property

Pico Rivera industrial property sells for $63 million

8500 Mercury Ln. in Pico Rivera A 173,134 square foot industrial property in Pico Rivera has sold for $63 million. Chicago-based CenterPoint Properties purchased the property from owner-occupier in a sale-leaseback transaction. Jordan Lara, Rudy Lara and Nick Peukpiboon of Daum Commercial Real Estate represented CenterPoint Properties in the off-market sale. The property is located […]

Industrial property

The packaging boom adds to the race for industrial property

Industrial real estate, including distribution centers and manufacturing plants, continues to be in strong demand across the United States, exemplified by the exceptionally low vacancy rate of 5.1% and record rents that have increased by 8.6% in the last year alone. Improving national economic and health conditions release pent-up consumer demand, fuel consumption and production […]

Industrial property

Staley Point Capital Acquires Placentia Industrial Property for $15 Million

LOS ANGELES, August 12, 2021 /PRNewswire/ — Staley Point Capital (“Staley Point“), a value-added investor focused on infill industrial properties, today announced the acquisition of 888 Crowther Ave, a 58,000 square foot industrial property in the North County submarket of Orange County, for $15 million ($259 per square foot). Built in 1998, 888 Crowther Ave […]

Industrial property

Pico Rivera’s industrial property sells for $57 million

7255 Rosemead Blvd. in Pico Rivera An industrial property in Pico Rivera has been acquired for $56.5 million by Cohen Asset Management Inc., a Century City-based real estate investment firm. Cohen Asset Management specializes in the industrial and logistics sector. The property is a fully leased logistics facility located at 7255 Rosemead Blvd. “We are […]

Industrial property

How to Capitalize on the Industrial Property Boom

There’s a perfect storm of growing demand for industrial property across Australia right now, and property experts say it shows no signs of abating any time soon. Increased warehousing and logistics space Industrial spaces were already in high demand before the COVID-19 pandemic. However, the accelerated growth of e-commerce and the restructuring of supply chains […]

Industrial property

Highways help increase the value of industrial properties

For industrial properties, you follow the highways,” Managing Partner of Raine & Horne International Zaki + Partners Sdn Bhd, James Tan Keen Meng, told attendees of a webinar titled “Solidarity Beyond 2021,” organized for real estate professionals on July 12. He explained to the more than 150 participants how the highway network in general had […]

Industrial property

Staley Point Capital acquires industrial property of Chatsworth for $9 million

LOS ANGELES, July 22, 2021 /PRNewswire/ — Staley Point Capital (“Staley Point“), a value-added investor focused on industrial properties in Southern California, today announced the acquisition of Prairie, a 42,000 square foot, fully leased, infill industrial property located in the submarket of West San Fernando Valley, in North LA, for $9 million ($214 per square […]

Industrial property

State-owned industrial property along the US 75 corridor changes hands

Based in Dallas Capital of Preston Forrest redirects its focus from commercial real estate to industrial. The company purchased a 518,700 square foot industrial property at 1400 W. FM 1417 from Sherman for an undisclosed price. The property sits on 70 acres and is located 40 miles north of Dallas-Fort Worth, west from U.S Highway […]

Industrial property

Industrial Property Plunges in East Tennessee

Jay Cobble | Guest columnist “Be the first,” says real estate agent Laura Slyman when buying a home Realtor Laura Slyman of Slyman Real Estate says to be first and be quick when bidding on a home in a competitive real estate market. Knoxville News Sentinel A young commercial real estate broker’s dream is a […]

Industrial property

Gladstone Commercial Corporation Executes $10 Million Lease Renewal on Industrial Property in Monroe, Michigan :: Gladstone Commercial Corporation (BON)

MCLEAN, Va./ACCESSWIRE/June 24, 2021/ Gladstone Commercial Corporation (NASDAQ:GOOD) (“Gladstone Commercial”) today announced that it has signed a lease renewal with Yanfeng US Automotive Interior Systems LLC (“Yanfeng”) through August 31, 2029 at its industrial property at 1833 Frenchtown Center Drive in Monroe, Michigan, a suburb of Detroit. This lease […]

Industrial property

Warehouse-distribution industrial property market is strong in OKC

COVID-19 and Work: 3 Lasting Changes Employees May See in the Office Here are three big changes employees can expect when they return to work after the COVID-19 pandemic. Staff Video, USA TODAY Industrial lease rates are up 63%. Since the year 2000. Forgive the quasi-tease. Warehousing-distribution is not the least square meter in terms […]

Industrial property

Industrial property managers will benefit from sustainable development

“Inclusive and sustainable development.” That’s how Alberto Rincon, Director of Community Planning for The Invert in Chicago, describes the future of the industrial real estate sector as embodied in this proposed, ultra-green development. From vertical farming to light manufacturing, The Invert, at six million net square feet – all underground – could set the benchmark […]

Industrial property

Santa Fe Springs industrial property acquired for $14 million

10907 Painter Ave. in Santa Fe Springs A joint venture of Sawtelle-based Staley Point Capital and Boston-based Bain Capital Real Estate has purchased an industrial property in Santa Fe Springs for $14.3 million. The 58,000 square foot site at 10907 Painter Ave. has eight dock-height loading bays and is located 20 miles from the Port […]

Industrial property

Exeter buys Miami Gardens industrial property for $14 million

Edward “Ward” Fitzgerald, CEO of Exeter Property Group, and the Miami Gardens property. (Google Maps, Exeter) Exeter Property Group has purchased an industrial building in Miami Gardens occupied by RC Home Showcase for $13.5 million. The Conshohocken, Pa.-based commercial real estate investor, developer and manager purchased the property at 16115 Northwest 52nd Avenue from K2 […]