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“Internet shopping, the deepening of the Panama Canal and the raising of the Bayonne Bridge have created the need for more warehouses and logistics facilities,” says AESI's president, Mike Novak.
In 2017, the county's commercial real estate values increased at a faster rate than residential values, with Beverly Hills and El Segundo leading the market.
The addition of Alliance Northport 3 adds the next generation of flexible industrial space to the AllianceTexas portfolio and expands the development's presence deeper into Denton County.
Completing more than 50 transactions for an aggregate value of more than half a billion dollars, Monahan, a 30-year veteran of the commercial real estate industry, set a national pace for value creation on behalf of CBRE clients.
A brand new 900-unit self-storage facility trades hands before lease-up, but the investors is paying close attention to possible oversaturation in some pockets.