Industrial

The fund is the third from the private equity investor and developer to focus on high-flow through logistics facilities like truck terminals, shipment facilities and transit hubs.

The Marcus & Millichap division aims to extend its investment services throughout the Southwest in securing two former-JLL professionals as SVPs.

With the new regional team, the firm aims to capitalize on its research, suggesting a growing demand of life sciences real estate within the market.

Analysts expect the top life science clusters to have a long runway ahead, despite the market dislocation.

A new report from the REIS team at Moody's Analytics says that the COVID-19 pandemic's impact on the industrial real estate market has yet to surface in the data since leases are locked in and the economic slowdown's impact on trade has thus far been ambiguous.

The firm says companies might also create more domestic supply chains.

Westcore's last investment in the Oakland area occurred two years ago with the purchase of an 87,870-square-foot, multi-tenant industrial property less than 10 miles from this property.

Aerospace companies occupy 23 million square feet of space in Los Angeles, and the industry could face major disruption from the COVID-19 pandemic.