Industrial

On Sunday, the governor outlined a phased plan to reopen New York that starts with the low-risk construction and manufacturing sectors.

Cargill is leasing 70,000-square feet at Beacon Logistics Park, half of which is for freezer space with the remaining space allocated for offices and cooler storage.

With stores like Neiman Marcus, JC Penney and Pier 1 struggling, there could be excess retail warehouse space later this year, particularly in the Inland Empire.

While CBRE Research found that work on industrial projects in 16 of the top 20 markets was deemed "essential" and ongoing, a string of factors is slowing construction.

APG, Canada Pension Plan Investment Board and ESR Cayman say they hope over time it will double its investment by delivering as much as $2 billion in new development projects.

The property was sold by JG Holt Limited Partnership. JLL represented the seller and procured the buyer. Additionally, working on behalf of the new ownership, JLL facilitated debt financing totaling $13.32 million for the transaction with Harbor One Bank.

The detailed plan released by the governor categorizes the reopening phases as red, yellow and green.

For Sealy, the deal to acquire 20-building portfolio in Memphis was all about location, location … and size.