Industrial

Panattoni Development Company and equity partner, MetLife Investment Management, have begun construction on a 642,994-square-foot class-A industrial warehouse in Pasadena called Bayport South.

Precast walls are being erected at 50 Central Ave. which is scheduled for completion in the first quarter of 2020.

GlobeSt.com sat down with Adam Mullen, who leads CBRE’s Industrial & Logistics business in the Americas for answers.

The San Diego-based investor has sold a 26-asset industrial portfolio to Stockbridge Capital Group.

The investor buys a 350,000-square-foot multi-tenant industrial complex near the Las Vegas Strip.

The investor buys a 1-million-square-foot class-A distribution facility in Riverside for $123.8 million.

The property will serve as Fashionphile’s Northeast operations. In addition to its headquarters in Carlsbad, CA Fashionphile has brick-and-mortar studios in Beverly Hills, San Francisco, Carlsbad and New York City.

Colony Capital announced on Aug. 9th as part of its second quarter financial report that it has engaged advisors to market the company’s multi-billion-dollar industrial portfolio for sale, which may include the related management platform.