Industrial

In addition to job and population growth, Phoenix is located within eight hours of Southern California.

As part of the transaction, ElmTree will invest in industrial real estate assets tied to the e-commerce, last-mile and logistics sectors.

The respective portfolios and investment strategies are complementary offering both companies new geographic and strategic opportunities.

The percentage of CMBS loans that are 121 days or more delinquent has stabilized at 2% for the last three months.

With facilities running at maximum capacity, the cold storage market is experiencing unprecedented growth over the next three-to-five years.

Blackstone REIT buys 60% of two industrial portfolios owned by LBA Logistics in a recapitalization deal.

The latest RCLCO market index shows most sectors will rise this year while retail, office and hospitality is expected to remain at the bottom of the cycle.

While in-person shopping should increase, demand for modern facilities will also rise.