Industrial

Cushman & Wakefield finds that build-outs can have a construction cost range of $70 to $200 per square foot, depending on the market and details of the project.

Millenia Smart Park will feature small and large drone aerial testing, marine drone testing and an autonomous vehicle testing track.

The property contains a former General Motors facility, which the firm plans to demolish to build several office buildings.

In partnership with PIDC, the firms will exclusively develop the project, commencing with a $400 million phase one, which will comprise life sciences, residential and hospitality space.

Average cap rates for Class A assets declined by 33 basis points year over year this Spring.

The firm provides $47 million for transactions in Chicago and San Diego within the new program, which provides rescue capital, mezzanine and preferred equity.

A new report names Los Angeles, San Diego, Las Vegas and Phoenix as four of the top five self-storage markets in the country.

The firm acquired the recently-repositioned, 130,565-square-foot, class A facility on behalf of one of its institutional clients.