Industrial

The transaction, reported by NAI James E. Hanson, marks Long Point Realty Partners second acquisition in the Garden State.

For Colliers it means the addition of an established four-person office capital markets team and five veteran industrial brokerage professionals. Colliers will also fold Podolsky’s 32-building, 2.1-million-square-foot property management portfolio into its existing portfolio.

Westcore acquires a 22-acre industrial property in Phoenix in a joint venture with Wentworth Property Co.

Seefried Properties and Crow Holdings plan to build three industrial buildings totaling 375,000 square feet.

The investor has acquired a facility in Miramar and another in Carlsbad with its joint venture partner Long Wharf Capital.

Amid strong new warehouse construction in San Diego, the vacancy rate ticks up and second quarter absorption closes in the red.

A JV between Normandy Real Estate Partners and The Pinkard Group acquired 716 Ritchie Rd in Capitol Heights.

Dedeaux Properties purchased the warehouse and distribution space in what is one of the largest industrial deals this year.