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Empire Capital Holdings and Namdar Realty Group bought the 220,000-square foot building for $50 million.

It has also signed a long-term triple-net lease with AYR Wellness.

Catastrophic weather events are causing increased premiums and reduced coverage options, putting pressure on building owners and real estate managers to hone their property and risk management plans.

"It's one of the most exciting opportunities we've seen in a long time."

But NOI growth is still positive, and the rush of added units should moderate by later this year.

The amount of industrial properties 100,000 square feet or more in size within 30 minutes of ports is at record levels.

More signs of systemic weakness in the banking system.

The Treasury Secretary spoke at conference on artificial intelligence and financial stability.