Industrial

The expansion kicks off with the acquisition of a 114,000-square-foot last-mile logistics property in Seattle for $27.7 million.

The firm had an active year with strong investment volume, totaling 2 million square feet of industrial properties.

Buoyed by growth in e-commerce, the warehouse/distribution space absorbed 35.4 million square feet in Q4.

Although capital began to return to the market in the fourth quarter, global investment was down 26% for the year.

With 13.9 million square feet of industrial absorption, 2020 was a record year for industrial activity in Phoenix.

New York City had 1,251 commercial real estate transactions last year, and apartment accounted for 391.

The temperature-controlled industrial REIT closed 12 deals in five countries totaling 2.5 million square feet.

In a new research video from Marcus & Millichap, John Chang gives a positive outlook for both economic and commercial real estate growth this year.