"Pricing algorithms don't raise rents; they just efficiently respond to demand and supply," one industry observer says.

Only Bakersfield, East Bay, Sacramento and Stockton are expected to see rent gains.

JLL reports that sophisticated owners recognize permanent shifts in demand.

Just eight of the 19 remaining existing industrial properties that sit on more than 10 acres are owned by private landlords or owner-users.

The merger increases its market share and service capabilities on the West Coast, particularly in multifamily and retail.

A joint venture with Oakmont Senior Living and Blue Mountain Enterprises nets six assets.

JLL says recent interest rate dynamics are creating a compelling window for owner-user acquisitions.

The Ports of Long Beach and Los Angeles together handle approximately 40% of all US containerized imports.