Industrial

General funds for the state of Illinois are being revised down $2.7 billion in fiscal year 2020 and $4.6 billion in fiscal year 2021.

The property is fully occupied by marketing firm ICS Corp. The industrial/warehouse and distribution facility serves as the corporate headquarters of ICS Corp.

The three-part disposition of the South Florida Distribution Center included the $40.4 million sale of a second building.

While some buyers are delaying or canceling escrows, Jon Rosenberg of Levrose Commercial Real Estate, says that post-pandemic discounts may be less than you think.

However, owners like CapRock Partners are expecting rent relief and rent deferral requests.

While questions remain about the construction supply chain, American companies may want to increase warehouse space.

The property features 41,000 square feet of self-storage and 67,000 square feet of industrial/warehouse space.

Also, on Monday, California Gov. Gavin Newsom, Oregon Gov. Kate Brown and Washington Gov. Jay Inslee announced an agreement on a shared vision for reopening their economies and controlling COVID-19 into the future.