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Premier Industrial commercial real estate news, analysis, trends and information including warehouse, distribution, logistics, e-commerce, self storage and R&D space deals and players.
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.
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.
James Breeze, Pete Quinn and Gregg Healy of Colliers International highlight big-box fundamentals, take a look at demand factors and assess what lies ahead for 2019.
At year-end 2018, the Miami-Dade industrial real estate market saw net absorption of 1.3 million square feet for the year and a 4.5% overall vacancy rate.
The increase in market value of MetLife's CRE investments is being driven by strong activity throughout North and South American, European, and Asian markets.
Plans for the site, which are still indefinite, are expected to include commercial and industrial repurposing as well as potential institutional, educational and residential components.