Industrial

J.G. Petrucci Co. Inc. and an institutional real estate investor plan to develop a 511,200-square-foot warehouse in Phillipsburg, NJ.

The 215,221-square-foot project is being developed by Blackstone Real Estate's US-based industrial real estate operating portfolio company, Link Logistics, and the Hampshire Real Estate Cos.

The new demand will require that food-delivery service companies re-structure their supply chain and expand their real estate footprint.

Adkisson Group has always anticipated demand for manufacturing at a rental rate well below new construction pricing, and recently purchased a 158,700-square-foot campus in Northwest Houston.

LPC Desert West purchased its first asset in the Utah market, and it plans to grow a portfolio there.

The most disruptive issues included construction shutdown orders, new procedures to enable physical distancing on jobsites, and delays of materials, fixtures and equipment, according to JLL's H2 2020 Construction Outlook.

This likely will be the e-commerce giant's biggest distribution center in South Florida.

"Establish contacts with a variety of professionals, develop those relationships, and utilize the collective guidance to further your career."