Industrial

Todd Albert will lead JLL valuation and advisory for the Great Lakes region, and Robert Delisio will add VAS capabilities in Pittsburgh.

“Activity at these buildings demonstrates our belief that with a focus on capital improvements and aggressive marketing, tremendous value can be created,” says Joe Sergi of Clear Height Properties.

The company states with those two lease deals on the books, the firm's approximately 11.2 million square-foot California industrial footprint has grown to 93.5% leased.

Prologis forms a joint venture partnership with Stirling Development and will take a 50% capital stake in all Stirling Capital Investments, including the Southern California Logistics Airport.

The market's cap rate of 4.0% indicates continued high property values, mainly because of its proximity to a range of transportation options and the major ports, says Brian Fiumara of CBRE.

Groetsema has executed transactions on over 12 million square feet of industrial real estate with a value in excess of $1 billion during his career.

The city was named as one of the top 10 investment markets in the country cross all asset classes.

Bridge was recognized for the quality and impact of three especially noteworthy Chicagoland projects: Bridge Point 290, Bridge Point Franklin Park, and Bridge Point North Business Park Building III.