Industrial

The occupier representative opens a new office in Orange County with Mark Bennett at the helm, as demand for occupier services grows in the market.

The entity— GLP Continental Europe Development Partners I— is expected to reach a value of $2.3 billion of assets under management when fully invested.

In its announcement, the company revealed that Newmark Group chief operating officer James R. Ficarro resigned from the company, effective Nov. 14.

Despite a relatively quiet third quarter, Colliers believes year-end transaction volume will top 15.6 million square feet.

Single-building industrial assets are trading at an all-time high in Southern California, with pricing averaging $235.34 per square foot.

The new 200,000-square-foot processing facility is expected to save 60,000 tons of carbon annually by using post-consumer materials and produce 80 million pounds per year of food-grade rPET pellets.

Las Vegas has had tremendous population and job growth, but new self-storage construction may outweigh the demand.

Industrial transactions in Los Angeles' middle markets has already nearly topped 2017's numbers, with two months remaining.