Industrial

The new regional model promotes collaboration among the firm's Central Florida industrial brokerage teams.

The planned hospital closure came as the city got hit with the news that after the massive June 21 fire and explosion at its oil refinery in South Philadelphia, Philadelphia Energy Solutions notified the state Department of Labor its plans to shut down the facility.

The partnership has since commenced construction on the speculative 10 Princess Logistics development, a 340,400-square-foot distribution facility with 40' clear ceiling heights, cross loading, trailer storage and abundant parking.

Relocating from Carlstadt, Cactus Clothing Co plans to utilize the property for warehousing and distribution of garments, taking advantage of the prime location, ample parking and loading capabilities 175 Anderson Ave. offers, NAI James Hanson states.

The impact of trade conflicts and tariffs will show up in the industrial market activity and leasing demand next year.

If approved by the Port Authority Board of Commissioners, project funding would increase from $300 million to keep the existing AirTrain Newark in a state of good repair to a total of $2.05 billon for the new project. The proposal targets a start to construction in late 2020 or early 2021.

In 2018, Crow Holdings Industrial hired Clark Machemer as a senior managing director to expand the firm's national platform in the Northeast. The Northeast team has a pipeline of approximately 5 million square feet of industrial space.

Phoenix Investors reports that its new Galesburg assets were originally constructed by Maytag between 1974 and 1996 and then acquired by Whirlpool Corp. Phoenix's portfolio holdings now include eight former Whirlpool facilities.