Industrial

The impact of trade conflicts and tariffs will show up in the industrial market activity and leasing demand next year.

If approved by the Port Authority Board of Commissioners, project funding would increase from $300 million to keep the existing AirTrain Newark in a state of good repair to a total of $2.05 billon for the new project. The proposal targets a start to construction in late 2020 or early 2021.

In 2018, Crow Holdings Industrial hired Clark Machemer as a senior managing director to expand the firm's national platform in the Northeast. The Northeast team has a pipeline of approximately 5 million square feet of industrial space.

Phoenix Investors reports that its new Galesburg assets were originally constructed by Maytag between 1974 and 1996 and then acquired by Whirlpool Corp. Phoenix's portfolio holdings now include eight former Whirlpool facilities.

Andrew Chung, the CEO of Innovo Property Group, knows industrial assets, and as with so much of real estate, he emphasizes location, location, location.

The bill introduced by the At-Large Councilwoman would require large non-residential buildings to confirm their status as high-performing facilities or to perform building improvements to save money and cut carbon pollution.

The partners report the new joint venture has acquired two regional distribution properties totaling 1,152,000 square feet in the Jacksonville and Chicago metros.

LINDEN, NJ—A project that will at full build-out will total 4.1-million square feet of new warehouse/distribution space here has broken ground.Last…