Industrial

News

Data Center Conversions Continue to Impact Northern Virginia Industrial Market

John Jordan | September 21, 2018

More than 1.4 million square feet of inventory has been converted to data centers since 2008 in the region. The pace of conversions has averaged 273,725 square feet since 2015, chipping away at nearly 2% of supply each

Inside Xebec’s Strategy to Increase the SoCal Industrial Supply

Kelsi Maree Borland | September 21, 2018

The Southern California industrial market is among the tightest in the country, and even the new supply under construction won’t be enough to satisfy the demand.

News

Accordia Realty, EverWest to Develop 85 Stults Road in Dayton, NJ

Steve Lubetkin | September 21, 2018

JLL arranged the land sale to construct a 203,488-square-foot distribution and warehouse facility on the site.

Warehouse Wages Are Stalled in the Inland Empire

Kelsi Maree Borland | September 21, 2018

Warehouse wages are rising healthily throughout Southern California, except in the market that is quickly becoming a warehouse capital.

News

Fremont Industrial Entices with Growth-Driving Fundamentals

Lisa Brown | September 21, 2018

Dermody’s acquisition of Fremont Center is consistent with its strategy of acquiring value-add, functional, in-fill logistics and light manufacturing assets in tier 1 markets such as Fremont.

News

Eighth Largest Industrial Sale Corresponds with Hot Market

Lisa Brown | September 20, 2018

Private capital has been the most active buyer type for 2018, comprising 74% of Austin’s total sales volume, followed by cross-border buyers at 14% and institutional investors of the remaining 12%.

Are Port Cargo Volumes on Downward Trend?

Kelsi Maree Borland | September 20, 2018

Cargo volumes fell for the second month in a row in August, with the declining activity stemming from cargo alliances.

News

Avison Young Launches Life Sciences Group

John Jordan | September 19, 2018

The new group will span 10 regional markets in the U.S., Canada, Mexico and Europe and comprise 17 Avison Young leasing professionals.

Analysis

What Else Besides E-Commerce Is Driving This Industrial Bus?

Erika Morphy | September 19, 2018

Investcorp evaluated many factors besides just e-commerce flows with the 4.5-million-square foot portfolio it just acquired for $300 million.

News

Humanscale Leases 155K SF at Rockefeller Group Logistics Center

Steve Lubetkin | September 19, 2018

The ergonomic office-solutions company joins the tenant roster at a 2.1-million-square-foot logistics hub in Piscataway, NJ. 

Analysis

Industrial Properties Attract Buyers in "Saturated" Texas MF Market

Mary Ann Azevedo | September 18, 2018

More multifamily investors are diversifying, looking for higher returns.

News

FCP Continues Disposition of St. Charles Properties

John Jordan | September 18, 2018

Preservation Partners added the 100% leased Headen House (136 units) and Huntington (204 units) Section 8 communities in St. Charles, MD to its portfolio.

News

Spec Developers Forging Ahead In Kansas City

Brian J. Rogal | September 18, 2018

Spec buildings are bringing in tenants as fast as developers can finish them.

News

Industrial Properties Become Strategic Assets

Lisa Brown | September 18, 2018

Institutional organizations, in particular, are increasingly investing in the Seattle area as the demand for last mile and centrally located properties pushes rents to record levels, such as the recently sold 3002 Lind Ave. SW.

News

Sac Industrial Completions Go to Single Users

Lisa Brown | September 18, 2018

The single user trend is likely to continue as McClellan Park breaks ground on McClellan Distribution Center to fill a void in the market for high clear-height buildings that can service e-commerce tenants.

News

Investcorp Acquires US Warehouse Portfolio for $300M

Erika Morphy | September 17, 2018

At 56 assets, this is the company’s largest US warehouse portfolio deal to date.

News

Baltimore Pharma Delivery Firm AEXGroup Leasing Linden NJ, Industrial Space

Steve Lubetkin | September 17, 2018

AEX required a facility with solid connections to the highway network in Northern New Jersey and Linden met that requirement, according to Jordan Metz of Bussel Realty.

News

One of the Last South Sea-Tac Sites Will Go Industrial

Lisa Brown | September 17, 2018

The South Tacoma industrial market is recording strong demand growth, fueled by a large labor pool and a lack of available product, which is why Bridge Point Lacey represents a rare opportunity for distribution space.

News

Finnegan Leaves JLL for Avison Young in Philadelphia

Steve Lubetkin | September 17, 2018

Finnegan, a CPA, provides clients with sophisticated real estate-based financial advice focused on financial-statement enhancement, tax mitigation and efficient application of clients’ capital.

How Has Ecommerce Changed Industrial Design?

Kelsi Maree Borland | September 14, 2018

More warehouse space with larger truck yards and multi-story industrial are the trademarks of industrial development today.

News

$150M High Tech High School Opens in Secaucus, NJ

Steve Lubetkin | September 14, 2018

The LEED Gold, environmentally friendly, expertly designed 350,000 square-foot technical school is now open to students.

Inside the ‘Explosive’ Growth in Otay Mesa’s Industrial Market

Kelsi Maree Borland | September 14, 2018

Otay Mesa has grown into a dynamic industrial market driven by trade with Mexico, a new border crossing and availability of quality industrial space.

News

21MW of Data Center Space Being Built in Atlanta

Steve Lubetkin | September 14, 2018

Cloud user demand is setting US data center leasing on pace for a record year, according to CBRE.

News

Logistics Users Clamor for 36-Foot Clear Heights

Lisa Brown | September 14, 2018

Throughout Napa/Solano, the available inventory is mainly older industrial buildings that do not meet e-commerce tenant demand such as clear heights of more than 30 feet, but Dermody’s center will be 36 feet.

Southeast WI Market Comes of Age

Brian J. Rogal | September 13, 2018

Developers here have been quite active for years, but the coming of Foxconn has sparked a new speculative boom.

National Distributors Focused on Kansas City

Brian J. Rogal | September 13, 2018

Class B facilities are also getting absorbed, alongside a spec construction boom.

News

HFF Arranges Acquisition Financing for Two Georgia Industrial Properties

Steve Lubetkin | September 13, 2018

In the past 24 months, Citimark has grown its southeast industrial portfolio from zero to nearly 1.1 million square feet across 22 buildings.

News

Regeneron to Spent $800M in Upstate NY Expansion

John Jordan | September 12, 2018

The $800-million will be spent over the next seven years to expand its laboratory space, manufacturing capacity and warehouse facilities at the company's Rensselaer County campus.

News

TCC and Clarion Partners Acquire Land for Jefferson Mill Business Park's Final Phase

Steve Lubetkin | September 12, 2018

The joint venture has assembled approximately 232 acres in three phases for a state-of-the-art class A industrial park.

Commentary

Disrupting the World

Anthony J. LoPinto | September 11, 2018

The gaming-changing strategies that are being employed by Amazon.com are fascinating to behold.

Why Isn’t There More Industrial Redevelopment?

Kelsi Maree Borland | September 11, 2018

Redevelopment is more expensive than new construction, but it is essential to building more class-A industrial supply.

News

Sears Puts 2.4M SF of Retail and Industrial Space on the Market

David Wilkening | September 11, 2018

Avison Young has been tapped to market the portfolio.

News

CBRE's Prolific Summer: No Slow-Down in NJ Leasing and Sales

Steve Lubetkin | September 11, 2018

“CBRE continued to experience outstanding leasing and sales momentum throughout the summer months,” says Jeff Hipschman, senior managing director, CBRE.

News

Vera Institute of Justice Relocates to Brooklyn’s Industry City

Betsy Kim | September 10, 2018

The criminal justice reform non-profit is leasing 35,000 square feet at the Sunset Park Campus.

San Diego Third Biggest Life Science Market in US

Kelsi Maree Borland | September 10, 2018

The life science market has grown rapidly in the last several quarters, making the San Diego market one of the largest in the country.

News

Can CRE Communication be Streamlined?

Lisa Brown | September 10, 2018

The communication process can lead to longer timelines and reduced outputs, ultimately driving real estate prices up and limiting global economic growth, but Openland recently launched a CRE messenger for this need.

The Rapid Change Underway With Industrial Logistics

Kelsi Maree Borland | September 10, 2018

The Amazon effect has had a huge impact on industrial logistics and warehouse design, and it will continue to change rapidly over the next decade.

Monmouth Real Estate Acquires Industrial in Braselton, GA

Steve Lubetkin | September 10, 2018

The property is net-leased for 15 years to FedEx Ground Packaging System. The building is situated on approximately 93 acres.

News

Brisk Summer for O'Hare Industrial Market

Brian J. Rogal | September 10, 2018

In just the last two months there were 11 industrial investment sales in the O’Hare market totaling 909,195 square feet, with a transaction volume of $57 million.

News

DFW Construction Retreats Due to Large Completions

Lisa Brown | September 09, 2018

Commercial construction may have reported a decrease in the DFW area, but there is only continued growth in the multifamily sector, specifically in the larger sized projects.

To Sell or Not to Sell Industrial Assets as a Portfolio

Kelsi Maree Borland | September 07, 2018

You will likely get a better price per square foot if you sell industrial assets individually, but it can take longer than a portfolio sale.

News

New Jersey Gets $85M from EPA for Water Infrastructure Improvements

Steve Lubetkin | September 07, 2018

The EPA grants included $6.6 million awarded to the Camden County Municipal Utilities Authority for ten new rain gardens in the City of Camden and replacement of deteriorating combined sewer pipes.

News

Data Centers Ready for Demand Amid Economic Uncertainty

Lisa Brown | September 06, 2018

JLL’s analysis of the data center industry reveals that the US, Canada, EMEA and APAC amassed a staggering 421.2 megawatts, with the US and Canada leading absorption, up 31.9% from YOY 2017.

News

Center Rock Capital Closes Inaugural Fund Above Target

John Jordan | September 06, 2018

The private equity firm, which also has offices in Bloomfield, MI, began marketing the fund in late 2017 with an initial target of $450 million. Center Rock Capital reports today the fund has closed with limited partner capital commitments totaling $580 million.

News

Woodmont Improvements Complete at Mt. Zion Industrial Center in Morrow, GA

Steve Lubetkin | September 06, 2018

NAI Brannen Goddard has been tapped to lease 265,163 square feet of available space at the newly renovated distribution center in the Atlanta South submarket.

News

CustomSpace Leases 82K SF in North Bergen, NJ

Steve Lubetkin | September 06, 2018

CustomSpace provides full-service warehousing, storage, and office space to businesses and individuals looking for 250 to 10,000 square feet.

News Research

Northern Virginia Data Center Leasing Tops All US Markets

John Jordan | September 05, 2018

Demand from large cloud users resulted in more data center leasing activity in Northern Virginia in the first half of 2018 than the rest of the primary data center markets combined, according to CBRE’s latest U.S. Data Center Trends report.

News

Duke Realty Building 194K SF Spec Industrial in Meadowlands

Steve Lubetkin | September 05, 2018

The new logistics facility will provide a large block of modern, ready-to-move-into space in a high-demand market.

News

Industrial Outdoor Ventures Acquires Truck and Container Facility in Atlanta Market

Steve Lubetkin | September 05, 2018

IOV remains in acquisition mode, seeking to acquire $100 million in assets over the next 12 to 24 months—with a five-year plan to amass more than $500 million in product type.

LB Port Achieves Major Emissions Reduction Goals

Kelsi Maree Borland | September 05, 2018

Port emissions are falling even as cargo volumes are rising steadily, and the port is outpacing its 2023 clean air goals.