Innovo and Square Mile acquired the Whitestone Multiplex Cinemas in the Bronx last year, and plan to develop this multistory, 840,000-square-foot distribution center.
CHICAGO—The US industrial market keeps rising, even as many people are on the lookout for any signs of the downturn that has to come eventually. But although few see any of those signs, other difficulties and challenges have arisen in this expanding sector. The nearly full-employment economy means labor has become scarce, much of it absorbed by the burgeoning Amazon, pushing up the costs needed to attract and retain workers.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium contentBrian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
