Industrial

ASB Real Estate Investments and Endurance Real Estate Group LLC have sold a Philadelphia-area multi-tenant property for $41.9 million.

The company will transform the energy footprint of the historic 225-acre site through its Clean Cities – Clean Future initiative, which utilizes Digital Twin technology.

Bridge purchased Bridge Point Silicon Valley in 2019 and was able to secure a long-term lease agreement with a major e-commerce company prior to groundbreaking.

According to the latest Fitch Ratings report, smaller CRE-concentrated banks are more susceptible to elevated losses from deteriorating credit in the CRE market.

The firm launched in February and already has a significant pipeline of industrial product under construction.

REIT returns ended last week down nearly a half a percentage point, underperforming the S&P 500, according to a new report from BTIG.

ITS ConGlobal currently operates the Chicago-area container yard under a long-term lease agreement with Brennan Investment Group.

Park 536 in Independence will consist of three warehouses and a new roadway to further enhance accessibility and future industrial use.