CHICAGO-Low supply, foreign capital flowing in with more US companies staying local, e-commerce growth and strong infrastructure have allowed industrial to beat the system.
BRISBANE, AUSTRALIA-The Houston-based firm, through its Global REIT trust, now owns two fully-occupied offices in the country, where cap rates are compressing slower than in the US.
ROSEMONT, IL-The Division I college athletic conference looked at the suburban Chicago office market, with more than 25% of space empty, and decided – nah – a new building is needed.
LONDON-Sentrum has halved its six-center property holdings with the sale of the facilities in Woking, Watford and Croydon. Digital also bought a facility for data center use in Hong Kong.
HONG KONG-This city has more than doubled its top tier retail rents since Q1 2011, when it was still second to New York City. Global rent growth is still slow because of Europe.
JOLIET, IL-The three sites, comprising 240 acres, could include industrial, retail and recreation space, with the famous prison remaining as a museum – if an entity has the guts to start work.
TROY, MI-The former Baluster Park property, at 1.2 million square feet, is now down to about 29% occupied. Rialto, a division of Lennar, has brought on Friedman to find tenants.
MISSISSAUGA, CANADA-The retailer divulged the 125 stores it will open here next year as the company’s expansion into the country. Each of 125 stores will see more than $10 million in renovations.