Premier Industrial commercial real estate news, analysis, trends and information including warehouse, distribution, logistics, e-commerce, self storage and R&D space deals and players.
Groch will primarily focus on opportunities to deploy capital in the company's merger and acquisition program and to allocate capital that will be invested by its real estate investments businesses—functions he has overseen for the past 10 years.
E-commerce sales totaled $453.5 billion in 2017, growing at an average of 15% annually since 2010, and e-tailers are spending big to keep the attention of buyers, to the tune of some $30 million in 2018 Super Bowl ad buys.
“This purchase allowed us to acquire two well located properties in our core market that align perfectly with our portfolio," says Todd Minerley, director of acquisitions and leasing for Stro.
The site provides 1,500 feet of Katy Freeway visibility to 46,032 vehicles daily and is the first development in the 106.6-acre Pederson Distribution Park, situated between Brookline, Pederson and I-10.
"The sale of Elmsford Distribution Center serves as a significant milestone in our plan to strategically consolidate the Mack-Cali portfolio," says Michael J. DeMarco, CEO of Mack-Cali.
In an effort to absorb activity and expand its reach within Seattle and the US, Rider Levett Bucknall merged with Seattle-based cost estimating and construction management firm the Robinson Company.
If you are looking for predictions for 2019 for the commercial real estate market, you aren't alone. From industrial markets continuing to sizzle to apartment rents remaining moderate, here are a few predictions for the new year.