Industrial

An affiliate of Public Storage has purchased a portfolio of three Class-A self-storage properties with a total of 3,596 units in the greater New York City and Boston areas. Jones Lang LaSalle arranged the transaction.

Seagis invested significantly into the building since the former tenant vacated in December.

Gov. Baker has also directed the Department of Public Health to issue a stay at home advisory outlining self-isolation and social distancing protocols. Residents are advised to stay home and avoid unnecessary travel and other unnecessary activities during the two-week time period.

Critics say the law should redefine distressed areas and prevent investments in casinos, stadiums, luxury hotels, student housing, storage facilities and high-end housing from qualifying for the tax breaks.

Ian Formigle of CrowdStreet says we are in a recession but there is data to suggest it will be more V-shaped than U-shaped or L-shaped, and right now, he is betting on a V-shaped recession.

At year end, Dallas-Fort Worth continued to be one of the strongest US industrial markets with 25 million square feet in new industrial space delivered at nearly 75% leased, and Houston had 10 million square feet absorbed.