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Premier Industrial commercial real estate news, analysis, trends and information including warehouse, distribution, logistics, e-commerce, self storage and R&D space deals and players.
New trends include an influx of New York City family offices chasing industrial product, particularly in the Southeast region.
NAIOP's latest survey shows increased investment for resilient asset classes, like industrial, but challenges in other asset categories.
The 1031 exchange marketplace operator had $408 million in deal volume last year, up 77% from 2019 when deal volume totaled $230 million.
Overbuilding and tenants that are struggling with the pandemic are two possible challenges that the sector might face.
Phoenix, Atlanta and even Vegas show high-growth potential.
Both rents and demand are expected to grow particularly in urban regions close to end consumers.
The acquisitions include five build-to-suit opportunities and three sale-leaseback and existing assets.
BentallGreenOak acquired the asset on behalf of an institutional investor.
The expansion kicks off with the acquisition of a 114,000-square-foot last-mile logistics property in Seattle for $27.7 million.
The firm had an active year with strong investment volume, totaling 2 million square feet of industrial properties.