Industrial

Warehouse buildings accommodate most of the industrial users in San Diego, including life science and R&D buildings.

Despite global headwinds and continued turmoil in the energy sector, Houston’s economy remains in growth mode with approximately 83,000 jobs created year-over-year, and 48,000 added in second quarter alone.

The purchase includes five flex/industrial and office buildings located in the Chantilly, Va., business park.

The Loketch Group will complete a like-kind exchange with the proceeds of the sale primarily with development opportunities in Brooklyn.

Strong tenant demand has also caused rents to rise, with the overall average rent higher by 7.8% year-over-year, including 10 submarkets that record rent increases of more than 10% during that period.

The firm has acquired 53 acres for the 777,000SF, three-building industrial park in an Atlanta Northwest submarket.

The new facility will be constructed by the Hillwood Group of Dallas and Chapman Properties of Leetsdale, PA. Amazon has committed to investing more than $30 million into the project, state officials note.

As the industry continues to iron out the regulatory process, investment interest should grow.