Industrial

The company unveiled plans remodel 35 existing stores in 2020 and 2021. With this investment, Giant will grow its commitment to the city of Philadelphia, its home market in Central Pennsylvania, and Monroe County.

The e-commerce firm that provides omni-channel marketing and fulfillment services, signed a seven-year lease for 144,614 square feet of space.

Prologis, a multinational and logistics real estate investment trust, has acquired 24 Woodward Ave., an industrial warehouse in the Queens submarket

"The successful launch of this new industry is a historic development for our state that will benefit the very communities that have been disproportionately impacted by the failed war on drugs," says Toi Hutchinson, senior advisor to Governor J.B. Pritzker for Cannabis Control.

Denholtz Properties also reports that RENEX NY has signed a lease for 9,000 square feet of industrial/ flex space at its Edgeboro Corporate Center at 12-16 Edgeboro Road in East Brunswick.

The transaction expands Prologis' position in key markets across the US.

The Inland Empire is helping to drive the economic growth in the state as other markets suffer from housing affordability issues.

While capital likes multifamily and industrial, most CRE sectors, even retail, have a positive story.