Industrial

The Blackstone entity acquired the property in partnership with Roman Real Estate Holdings, Inc., according to NAI James E. Hanson, which brokered the deal on behalf of the buyer.

Karlin Conklin, an outspoken advocate on the importance of C-suite diversity, notes that females in principal and director roles in this industry are not the norm, but comprise more than half of IMG staff.

The developer plans a three-building industrial property totaling 410,000 square feet.

The tariffs are already impacting cargo volumes at the Port of Long Beach this year, and investors are preparing for the potential impact on the real estate market.

The 17,195-square-foot single-story warehouse sits in an Opportunity Zone on the southwest corner of 222nd Street and Edson Avenue.

The mayor has proposed a Class 6 (b) tax incentive to support the $3.9-million rehabilitation of an 84,174-square-foot industrial building in the Stockyard Industrial Corridor by Griffith Foods Inc.

Major items in the proposed $3.6-billion 2020 Capital Budget include: $2.1 billion in aviation spending, including $1.5 billion to continue redevelopment of the agency's airports.

The company will occupy 10,600 square feet at Related Beal's eight-story 286,000-square-foot office building. Motif FoodWorks is expected to take occupancy in June 2020.