Industrial

Atlanta saw 8.2 megawatts of net absorption in 2018. The city currently has a data center inventory of 126.8 megawatts, with 14 megawatts available that calculates out to an 11% vacancy rate.

“Chris is an incredibly gifted executive with a thorough understanding of project management paired with an ability to communicate well and maintain excellent customer relations during complex construction processes,” says Thomas Ricci, managing principal and a founder of Coretrust Capital Partners.

Scott Brandwein, left, and Jake Ehrenberg are taking senior roles in JLL's tenant representation group.

“594 DC is a great value-add/redevelopment lease-up play that fits within Endurance's long-term sweet spot of re-positioning well-located, functional excess corporate real estate assets,” says Jared Newman, vice president of acquisitions at Endurance.

The fund, structured as a REIT under a 506(c) designation, is an evergreen fund focusing on 75% value-add, and 25% cash-flowing commercial real estate investments in primarily Western growth markets, including but not limited to Colorado, Utah, Texas, Arizona, New Mexico and California.

TCS officials note that Miami is one of the nation's strongest industrial markets with low single-digit vacancy and demand concentrated in the Medley, Hialeah, and Miami Airport submarkets.

The New Orleans-based Energy company reports that it will sell Indian Point 1, 2 and 3 nuclear units to decommissioning firm Holtec International of Camden, NJ, which will decommission units. Indian Point 2 and 3 that are scheduled for closure in 2020 and 2021.

The Orange County market closed Q1 with more than 800,000 square feet in negative absorption following the retailer's exit from its 1.1 million facility.