18 stories on industrial real estate in commercial real estate.
Monterey Park voters approved Measure NDC with over 86% support, making it the first U.S. city to permanently ban data center development citywide.
Property Reserve Inc. acquired the 450,330 SF Eastpoint at Exit 8A industrial facility in Monroe Township, NJ from Morgan Stanley. CBRE brokered the fully leased deal.
Walmart paid $223M to acquire the 507,000-SF cold storage facility at 1001 Columbia Ave. in Riverside, CA, where it has operated since 2010.
Coweta County approved Prologis's 829-acre, $17B Project Sail data center in a 3-2 vote, marking one of Georgia's largest capital investments.
Colliers researchers say the U.S.-Iran conflict will prolong cautious CRE lending and lift industrial demand as companies hedge against supply chain disruption.
Founders Properties acquired Gateway I & II, a fully leased 169,656 SF two-building industrial portfolio in Eagan, MN for $26.4 million.
Sagard Real Estate acquired a 68,114 SF fully leased warehouse at 20201 Mack St. in Hayward, CA, targeting East Bay's supply-constrained industrial market.
The DMV industrial pipeline has doubled year-over-year to 13.2 million square feet, driven heavily by data center demand in Northern Virginia.
Gate Gourmet signed a 63,437-SF lease at Onyx Equities' Inwood Logistics Center in Queens, with logistics firm Yanwen Express taking another 23,800 SF.
Cresa represented Russo Development in a 249,640 SF full-building data center lease at 600 Commerce Blvd. in Carlstadt, NJ, to a confidential tenant.
Lowell, MA enacted a one-year moratorium on new data center proposals, giving city planners time to craft zoning rules for the fast-growing sector.
Gantry arranged $25.5M in permanent financing for Riverside Logistics Centre II, a 328,000 SF multi-tenant industrial facility in Riverside, Missouri.