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Industrial news – page 20
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CBRE Arranges Full-Building Industrial Lease in IrvineCBRE completed a full-building lease for 136,612 square feet to an undisclosed tenant at Irvine Commerce Center, a Class A industrial building located at 18582 Teller Ave. in Irvine.
Opus Begins Construction on 899K-SF Ohio Industrial DevelopmentOpus has begun on Canal Crossing Commerce Center, an 898,500-square-foot three-building speculative industrial development on 72 acres in Canal Winchester, Ohio.
Lineage Fined For Rotting Food, Swarms Of Flies At Burned LA Cold Storage WarehouseThe cold storage warehouse in Boyle Heights that burned for nearly a week in June is drawing pests to the neighborhood due to spoiled food sitting in the facility's shell. The 500K SF warehouse at 1400 S. Los Palos St. is operated by Michigan-based...
Representative imageNorthwest Bank Lends $28M on East Hartford Industrial BuySeyon Group has sealed $28.1 million of acquisition financing to purchase an 11-building industrial campus in East Hartford, Conn., Commercial Observer has learned.
Citizens Bank Refis N.J. Industrial Property With $47M LoanWholesale product company EXP Group has landed $47 million of permanent debt to refinance an industrial asset in northern New Jersey, Commercial Observer has learned.
Americold Abandons Automated Warehouse PartnershipAmericold Realty Trust is walking away from a 6-year-old deal with a Northeast grocery giant to operate two automated distribution hubs, a move that will result in a more than $300M hit to the cold storage REIT’s balance sheet.
Representative imageJLL Arranges Sale of 2.4 MSF Industrial Portfolio in Florida, GeorgiaMIAMI — JLL has arranged the sale of a three-property industrial portfolio spanning 2.4 million square feet in Florida and Georgia. EQT Real Estate purchased the portfolio from the undisclosed seller.
Newmark Brokers $31M Sale of Portland-Area Manufacturing FacilityNewmark has arranged the $31 million sale of 26440 SW Parkway Avenue, a 205,100-square-foot industrial and manufacturing facility in Wilsonville, Oregon. Managing Director Mark Hush and Associate Director Jack Ward represented the buyer, DCI International.
NAI DiLeo-Bram Markets Piscataway Industrial in Key Supply Chain CorridorNAI DiLeo-Bram & Co. (NAIDB) is marketing 240 Circle Drive North, a 74,500-square-foot industrial building situated on approximately five acres in Piscataway, NJ.
Rexford Planning Up To $2B In Dispositions This YearRexford Industrial Realty plans to sell off up to $2B of its portfolio, using the proceeds to pay off debt that is set to mature next year. Rexford increased its full-year 2026 disposition guidance to $1.5B to $2B, according to second-quarter filings...
Dedeaux Properties CEO Brett Dedeaux On SoCal’s Evergreen Industrial PullFor Dedeaux Properties, California’s infamously arduous development environment can be both a hurdle and a competitive advantage.
MAG Capital Partners Trades Triple-Net Industrial Portfolio to Starwood Property Trust SubsidiaryMAG Capital Partners has completed the sale of more than 1.37 million square feet of long-term, net-leased industrial assets primarily acquired through its MAGCP Industrial Fund II, LP, in a six-property transaction with Fundamental Income Properties, a wholly owned subsidiary…
Hotels Are Sinking, Offices Are Winning. Why Is CRE Increasingly Divided?Prices for the different types of commercial real estate sectors, from industrial to office and everything in between, had been moving generally in the same direction. Not anymore.
Principle Construction Completes 55,468 SF Facility for Orozco Trucking in Elgin, IllinoisELGIN, ILL. — Principle Construction Corp. has completed a truck maintenance and warehouse facility for Orozco Trucking at 2580 Mason Road in Elgin.
FRP Acquires 24 Acres in Broward County, Plans 300,000 SF Logistics DevelopmentSOUTHWEST RANCHES, FLA. — FRP Development Corp. has acquired 24 acres in Southwest Ranches, a town in South Florida’s Broward County. FRP plans to develop Logistics Center at Southwest Ranches, a planned 300,000-square-foot industrial facility, at the site.
Triten Real Estate to Develop 175,000 SF Industrial Project in San Marcos, TexasSAN MARCOS, TEXAS —Houston-based owner-operator Triten Real Estate Partners will develop a 175,000-square-foot industrial project at 2651 Leah Ave. in San Marcos, located roughly midway between Austin and San Antonio.
GO Industrial, Willmeng Construction Break Ground on 1.1 MSF Spec Industrial Building in Tolleson, ArizonaTOLLESON, ARIZ. — Developer GO Industrial and general contractor Willmeng Construction have broken ground on GO|99 North, a 1.1 million-square-foot speculative industrial building in Tolleson. GO|99 North will feature a Class A warehouse and distribution facility.
Representative imageRexford Plans Up to $2B in Sales After Posting $507M Loss in Q2Rexford Industrial Realty is dramatically accelerating its shift from being the most aggressive industrial buyer in Southern California into perhaps the region’s biggest seller.
Industrial Consolidation Continues With European Giants Agreeing To $15B MergerAnother massive industrial REIT merger is on the table, two logistics heavyweights have announced.
National Property Holdings Unveils Plans for 1.1 MSF Industrial Park in Katy, TexasKATY, TEXAS — Regional developer National Property Holdings has unveiled plans for a roughly 1.1 million-square-foot industrial park in the western Houston suburb of Katy.