Industrial

GLP is selling assets from three of its US funds and operations to Blackstone in the largest ever private real estate transaction globally.

The plant will also leverage some of the most advanced manufacturing technologies including pre-flattening steel technologies to improve material yield by almost 25%, and water/energy management.

GlobeSt.com and Real Estate Forum are pleased to announce the top 2019 Woman of Influence professionals of the year in the category of Finance.

If you are a developer who has demonstrated both innovation and leadership for adaptive reuse projects, we are seeking nominations to highlight you in our September Real Estate Forum magazine and GlobeSt.ADAPT: OPPORTUNITY ZONES event in September.

Phase 1B of the massive industrial facility will include three class-A industrial buildings totaling 417,000 square feet.

The deal for the facility marks the 10th and final acquisition in a Brennan-Arch Street in its current single-tenant, net lease industrial aggregation venture. Brennan and Arch Street report they are launching an eighth venture—USIPA – Brennan Ventures III.

The Class-A facility, located at 150 Whitman Ave. in Edison, will feature 36-foot clear ceiling heights, 23 exterior docks, five trailer positions, parking for up to 62 cars, and one drive-in door.

Iovance expects to invest approximately $75 million over three years for equipment and construction of the manufacturing suites. The company expects the new facility at the Philadelphia Navy Yard will be completed in approximately two years.