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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.
Liberty Property Trust has acquired four properties in Southern California in the last quarter, the latest a $92 million industrial facility in Commerce.
NAI Partners recently shared market highlights and trends across all property types, and pointed to the firm's recently released sublease index as a significant indicator of the health of the marketplace.
“This was an opportunity to acquire a fully leased building in a very tight, Exit 8A submarket that has seen significant rental rate growth in the last 24-36 months,” says Evan Lippow, vice president of investments at CenterPoint.
“Commercial property values have, for the most part, been steady, but performance depends on the type of property,” says Green Street Advisors' Peter Rothemund.
Stos Partners sells a 91,541-square-foot single-tenant industrial property for $21 million after owning the asset for slightly more than a year and completing an improvement program on it.
Even with rising interest rates, there is still room for cap-rate compression driven by projected NOI growth at the property level and the appetite for institutional investors to increase their allocation to industrial, Bixby's Aaron Hill tells GlobeSt.com.