Industrial

With the purchase now finalized, SST II has added 29 self-storage facilities to its portfolio and obtained the right to acquire one other self-storage facility currently under contract.

Valuation veteran Jim Klementisz joins BBG as a director in the Philadelphia office.

The property offers a superior location, stable tenancy, and an opportunity to improve functionality in the future, says Jared Newman, vice president of acquisitions at Endurance.

In his statement, County Executive Latimer described the planned meeting with Con Edison as more of a fact-finding session to learn the reasons behind the imposition of the natural gas connection moratorium.

For the first time in its history, the Port of Long Beach surpassed 8 million TEUs in cargo volumes, Mario Cordero announced at the annual State of the Port address.

The hot industrial market in San Diego stumbled in the fourth quarter with more than 700,000 square feet in negative absorption.

“Black Creek Group has been active within the region for a number of years and the completion of these transactions demonstrates our ability to perform and create value for investors,” says Dave Fazekas, Black Creek Group's senior managing director for the Eastern Region.

“This strategically located building is ideal for major users looking for quality industrial space at the epicenter of two major consumer markets,” says CBRE's Ben Shapiro.