Industrial

At year end, Dallas-Fort Worth continued to be one of the strongest US industrial markets with 25 million square feet in new industrial space delivered at nearly 75% leased, and Houston had 10 million square feet absorbed.

Financing to the tune of $991.77 million was arranged for a 17-property portfolio totaling more than 7 million square feet across major US markets on behalf of CalSTRS and its advisor, PCCP.

Consistent with the governor's order last week, the city clarified that the following as life-sustaining businesses or services: laundromats, veterinary hospitals, pet stores, retail banks (allowing drive-through or limited lobby access), stores that primarily repair cell phones, and bicycle or motorcycle repair shops.

"I fully recognize that in some cases I am choosing between saving people's lives and saving their livelihoods. But ultimately, you can't have a livelihood without a life. This will not last forever, but it's what we must do to support the people on the front lines of this fight, and the people most vulnerable to its consequences," Gov. Pritzker added.

An industrial warehouse in North Los Angeles has traded hands, but it could be the last for a period as the market pauses.

This year, 5.3 million square feet in Los Angeles and nearly 26 million square feet of industrial product will come to market in the Inland Empire.

This is the last full week of International Women's History Month so it seems appropriate to take a breather and shed a little light on women in CRE who have forged new paths and inspired colleagues in the process.

Griffin Cogorno will serve a president of the company, which now has 50 million square feet and $10 billion under management.