Industrial

  • GCEAR, Signature Will Merge into $3B REIT

    EL SEGUNDO, CA—Kevin Shields, Griffin Capital Essential Asset REIT’s chairman and CEO, sees “additional scale, diversity and operating efficiencies” in the combined portfolio.

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  • Commercial Tenants Enjoy Expanded Utilities

    VICTORVILLE, CA—The City of Victorville is augmenting its utilities offerings for electrical services and industrial wastewater treatment, giving property users a competitive advantage in the region.

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  • Global Doldrums Could Reach US in 2015: NAR

    WASHINGTON, DC—In the meantime, though, NAR’s Lawrence Yun says Q3’s momentum, which is expected to carry forth into the new year, proves that “the second quarter wasn’t an anomaly.”

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  • Terreno Betting on Medley Industrial

    MIAMI—Terreno Realty has been on an industrial spending spree in the fourth quarter. Find out why the firm is betting on the Miami submarket of Medley.

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  • Eight-State RREEF Portfolio Trades

    WESTPORT, CT--Greenfield Partners has acquired the 94-property industrial portfolio; a CBRE Capital Markets team including Jack Fraker represented RREEF America REIT II in the deal.

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  • Availability Low for Smaller I.E. Industrial

    ONTARIO, CA—The vacancy rate for buildings under 100,000 square feet remains tight at 2.8% in the East Inland Empire and 2.2% in the West Inland Empire, reports Colliers International in this UPDATE to a previous story.

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  • Deal-Tracker: Retail, Industrial Reign

    PHOENIX—In this edition of Deal-Tracker, Colliers International in Greater Phoenix recently completed the investment sale of a 60,080-square-foot retail space in Peoria for $3.67 million, or $61.12 per square foot.

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  • Are Intermodal Centers the Driver Shortage Solution?

    MIAMI—With no end in sight to truck driver shortages, a CBRE report is making some predictions about markets in intermodal pathways. Do you agree?

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  • Industrial Development Ramps up Near Vegas

    SOUTHERN NEVADA—After five years of no speculative development, the Southern Nevada region now has more than 4.6 million square feet of planned buildings. GlobeSt.com speaks with Colliers’ Dan Doherty about the recovery.

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  • Portland Activity Reaching the Burbs

    PORTLAND, OR—Seattle firm has multiple projects underway as spec development has warmed within and near the city.

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  • Inland Empire Industrial Keeps Heating Up

    ONTARIO, CA—Vacancies are dropping and new construction soaring as logistics companies grow and e-retailers increase their appetites for large distribution and warehousing centers, Colliers International tells GlobeSt.com EXCLUSIVELY .

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  • IDI Brings on New Regional Directors

    CHICAGO—Both Tom George and Doug Armbruster are longtime company officials, and will assume responsibility for regions that stretch across the country and into Canada.

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  • Chambers Street Buys KBS I-81 Industrial Portfolio in PA

    PITTSTOWN, HAZLETON, and JESSUP, PA—KBS Real Estate Investment Trust II, a non-traded real estate investment trust based in Newport Beach, CA, has sold I-81 Industrial Portfolioin eastern Pennsylvania to Chambers Street Properties, a Princeton, NJ REIT focused on acquiring, owning and operating net leased industrial and office properties.

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  • Investors Bank Moving Strongly, Writes $200M in Large Commercial Mortgages

    SHORT HILLS, NJ—Investors Bank’s Commercial Real Estate Lending Group is moving strongly in its efforts to finance commercial projects. The bank recently completed more than $200 million worth of financing transactions, including a large industrial building in Fairfield, NJ and multifamily projects with more than 1,100 units from Dutchess County, NY to Wilmington, DE.

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  • Colony Goes Industrial with Cobalt Buy

    LOS ANGELES—“A market-leading presence in the light industrial space” represents Colony Financial’s strategy of launching focused platforms to achieve additional growth, says executive chairman Thomas Barrack.

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  • Ryan Completes 453K BTS for Ashley Ind.

    CHICAGO—The completion closes out Boldt Park an 80-acre park in suburban Romeoville that now has three buildings with 1.5-million-square-feet.

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  • W. P. Carey Pays $43M for ATK Office

    MINNEAPOLIS—The New York-based REIT and its affiliates typically buy up facilities that are critical to the operations of tenants, and the ATK facility is no exception.

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  • SE Wisc. Set for New Office Users

    PLEASANT PRAIRIE, WI—Although the region is one of the hottest submarkets for industrial users, local developers want to build on that and bring in more office and retail users.

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  • JLL Land Sale Brings Tractor Supply Co.

    PHOENIX—The Phoenix office of Jones Lang LaSalle has completed a 100-acre land sale that will bring a new Tractor Supply Company distribution center to the Central Arizona Commerce Park in Casa Grande.

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  • Activist Investor Wants New Board at AEC

    RICHMOND HEIGHTS, OH—The locally based apartment REIT said Tuesday it welcomes shareholder input but calls many of the allegations from Land and Buildings “unfounded and misleading.”

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