Industrial

In addition to 801 Washington Ave, Sitex recently added two warehouse/distribution facilities in New York – one in Queens and one in Long Island City – to its portfolio.

Located east of Interstate 35, Port Grande is 10 miles from the Port of Laredo commercial border crossings where approximately 60% of all trade between US and Mexico occurs.

The industrial market recorded 2 million square feet of absorption in 2018 pushing rental rates to record-breaking numbers.

The new program offers qualified borrowers non-recourse loans in the $2-million to $20-million range for acquisition or refinance transactions.

A recent vacancy of approximately 300,000 square feet in a Louisville facility brought down the cap rate a bit but Dream Industrial says that once it is leased up, it expects to cap rate to increase to 6.5%.

Rexford states it intends to demise a vacant 98,218 square foot building into two units in order to increase value.

Gov. Matt Bevin signed Kentucky's P3 legislation in 2016, giving the Commonwealth one of the broadest and most comprehensive P3 laws in the country, for projects that repay funding from revenue they generate.

Thanks to government environmental regulations to institutional capital environmental requirements, industrial developers are starting to implement more green building standards.