Industrial

The brokerage firm ranked the top 10 warehouse markets with the Inland Empire, CA leading the way with 23.4 million square feet in the ground and a 3.2% vacancy rate and 9.4% annual rent growth.

The firm has broken ground on its first development outside of California, a 700,000-square-foot industrial facility.

More companies are relocating to Austin, which in turn, attracts more residents, and as the popularity of online shopping continues to grow so will the industrial real estate that serves those residents.

Liquid Technology, which specializes in IT asset disposition, has opened its first facility out of New York State at 487 Thomas Drive in Bensenville.

The 306,448-square-foot facility at 5959 West Howard St. was originally constructed in 2015 as a build-to-suit for FedEx Ground, the net-leased property supports distribution in the surrounding markets and features 101 dock high doors on a 39.81-acre site.

There is strong investor demand for oil- and gas-related net lease assets in Oklahoma by coastal investors and in larger markets where investors are continuing to diversify holdings to chase additional yield.

Magic City Innovation District awaits final approval from the city, while seeking commercial tenants for the neighborhood with $12 million invested in rehabbed buildings thus far.

The Port Authority announced on Monday the completion of the ExpressRail Port Jersey facility, operated by GCT Bayonne – the final piece of the Port of New York and New Jersey's intermodal rail network spanning facilities in Elizabeth, Newark and Staten Island, NY.