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As part of the transaction Prologis plans to sell $3.5 billion of assets including $2.8 billion of non-strategic logistics properties and $700 million of office properties.
Trammell Crow Co. and Washington Capital Management have broken ground on a 2.7 million square foot industrial project in Las Vegas known as Golden Triangle.
Prologis chairman/CEO Hamid Moghadam says markets remain healthy, driven by customers who are prioritizing proximity to consumers to offset supply chain costs such as labor and transportation.
State officials note that Amazon plans to invest more than $30 million in the new facility and the project will create approximately 800 new, full-time jobs at the property in Findlay Township.
Today's new webinar looks at the real estate and insurance needs of commercial cannabis growers, manufacturers, prospective and existing property owners and retailers.
Phase three will consist of four new buildings, totaling 918,972 square feet, and will be the final construction phase at the 225-acre, master-planned Bridge Point North campus that Bridge has been actively developing since 2015.
Experiential real estate such as all-inclusive resorts in the hospitality sector and the gaming industry are expected to do well, says PwC partner Tim Bodner.