Industrial

Industrial activity hit new records in 2019. Can we expect more of the same from the market next year?

The firm acquired 15 acres at Quantico Corporate Center, with plans to construct two flex industrial assets totaling 162,600 square feet.

Altenau will lead the firm's Debt Capital Markets platform for Chicago and the Midwest. Yarnoff will partner with Altenau in growing the company's business and execution of large, highly complex structured real estate financings as well as middle market financings across all asset types and service lines.

The board also authorized $2.05 billion to develop a new AirTrain Newark to serve Newark Liberty International Airport. The new AirTrain would replace the existing three-mile monorail system that opened in 1996.

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.