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"The industrial market enters the second half of 2020 well positioned to record increased demand for available space and inflows of investor capital," Marcus Millichap research analyst Erik Pisor said.
EverWest has been actively pursuing US infill industrial opportunities, and a Renton asset fits squarely in the parameters of quality, location, stability and long-term value while complementing the existing portfolio.
A new report from Moody's Analytics shows retail property growth will fare worse than office properties, while industrial and multifamily properties are expected to fare better.
The CBRE noted a significant increase in signed confidentiality agreements for industrial and multifamily properties in Q2. But real estate still has at least a three-year journey to pre-coronavirus risk levels, the company warned.
Kennedy Wilson Fund VI recently acquired five single-story R&D buildings and a two-story office building totaling 257,000 square feet in South San Jose for $53.5 million.
CREW recently revealed that it's Networking Convention, now virtual, will allow participants to connect to find deals and meet potential business partners through 15 live networking opportunities.