Industrial

Strong fundamentals and major projects help Utah's capital city regain its real estate altitude.

That's an increase of 69% compared to 2017, according to the logistics real estate company's "Future Flow of Goods" economic impact report.

Two facilities totaling more than 500,000 square feet recently sold for nearly $64 million after Provender Partners made extensive improvements and secured 10-year leases from Dollar General in both locations.

Nearly two-thirds of loans granted forbearance were for hotels.

During the past few months, there has been a flight to quality and stability in the net lease marketplace for well-constructed long-term net lease industrial properties in solid Texas metros on the part of investors.

Foster Ridge Distribution Center, a 327,000-square-foot class-A distribution facility, recently sold to Conshohocken, PA-based Exeter Property Group from San Antonio-based seller Koontz Corporation.

A new report from RCM/LightBox shows that investors are focusing on stable, high-growth markets in response to the pandemic.

The funds focus on multifamily and industrial assets.