Industrial
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FLL Airport Industrial Sees Traction
MIAMI—Built in 1972 and fully rebuilt in 1999, Airside Fort Lauderdale is a cross-dock industrial facility is filling up. Find out why.
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First Potomac Sells Industrial for $259M
WASHINGTON, DC-The REIT is selling its 24-asset portfolio to two separate buyers, with Blackstone picking up the vast majority.
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Office and Industrial Are Rock Solid
NEW YORK CITY-A webcast by Marcus & Millichap painted a vibrantly healthy picture for the sister sectors.
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Nippon Prologis REIT to Make $1.3B Acquisition
SAN FRANCISCO—Eight Class-A Properties to be acquired through sale of NPR. Prologis will retain at least 15% ownership.
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Revenue Group Leases Old Call Center
CLEVELAND—A pair of developers continue their efforts to remake unused Ohio properties.
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Broadway 101 CRE Offering Generated Feeding Frenzy
MESA, AZ-In this update about the $77M sale of Broadway 101, Cassidy Turley's Bob Buckley says the 808,000-square-foot industrial property attracted 150 queries, 21 offers and a final face-off between four groups.
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VIP Refinances Set of Industrial Properties
CHICAGO—The deal sets the property owner up to sell off products once the industrial market heals.
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St. Joe Signs Deal with Green Circle on Possible Port Deals
WATERSOUND, FL-Developer The St. Joe Company reports it has inked a Letter of Intent with Cottondale, FL-based Green Circle Bio Energy Inc. on several projects in the Northwest region of the state.
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IIT Pays $77M for Ownership Rights to Broadway 101 Commerce Park
MESA, AZ-Cassidy Turley brokers the sale of the 808,000-sf industrial development between buyer Industrial Income Trust and seller Lincoln Property Co.
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EnTrust Sells Lombard Data Center
CHICAGO—The advent of cloud computing and other technologies has helped make data centers a new real estate niche.
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Alamo Rail Junction Chugs to the Start
SAN ANTONIO-Houston-based National Property Holdings begins work on 22,000 linear feet of track in its 400-acre business park, specifically geared toward companies involved with the Eagle Ford Shale play.
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Cushman and Wakefield Executes Major Industrial Transaction
HOUSTON-Forman and Kaleel arrange lease of 150,000 square feet to industrial user. Levey Group's complex at 6501 Navigation Blvd. now totals more than 300,000 square feet.
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Why Avison Young Is Pushing Deeper Into NC
CHARLOTTE, NC—Since establishing our presence in Raleigh-Durham in October 2012, Avison Young has been working on expanding into Charlotte. Find out why.
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CRE Activity Tops $63B in First Quarter
SAN DIEGO-Transactions were stronger than expected in Q1, according to JLL Capital Markets, which revealed preliminary numbers to GlobeSt.com exclusively in time for ULI’s spring meeting here.
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United Properties Starts Spec Warehouse
MINNEAPOLIS—The economic revival has arrived in the Twin Cities, and developers have begun taking chances.
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NelsonHill Sells Kinzie Corridor Warehouse
CHICAGO—The submarket has been attracting a lot of attention from companies looking to provide services to the downtown’s thousands of new residents.
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Retailers Prompt Shift in Industrial
Vienna, VA-The resulting rise in demand for industrial facilities is causing a jump in net absorption rates across the country as retailers respond to the latest shopping trends, says Transwestern’s Deringer.
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Landlords Gaining the Upper Hand
INDIAN WELLS, CA-The relationship between landlords and tenants is changing and getting tougher, says Nora Hogan of Transwestern .
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Morgan Breaks Ground on Spec Warehouse
CHICAGO- Speculative warehouses have been rare in the western suburbs, but some developers have finally begun to take that leap of faith.
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Avison Young Makes its Mark on Florida
MIAMI—Eight brokers left Flagler to open up a new office for Avision Young in Ft. Lauderdale last October. Eight months later, what does Avison look like in South Florida?
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