Industrial

The Highlands property was purchased with a 97% leased rate, but that percentage is expected to fall shortly to approximately 70% due to pending lease expirations, Equus Partners reports.

A Global Infrastructure Partners consortium acquired its stake in Gatwick Airport in 2009 for GBP 1.51 billion ($2.5 billion). GIP will manage the remaining 49.99% interest in the airport once the deal with VINCI Airports is finalized.

MRP Industrial plans to construct the single-story building on a site that formerly contained a Class B, 244,000-square-foot block and metal warehouse, which collapsed from structural failure after a heavy snow storm in 2016.

Despite rising interest rates, tightening credit and lingering uncertainty over the geopolitical climate, many commercial real estate experts remain bullish on the market going into the new year.

Lincoln Property Co. is bringing a 40-foot clear height speculative industrial building to the Phoenix market.

Delays in the economic recovery of the area after Super Storm Sandy caused the company to fall behind on its first mortgage.

The natural gas-fueled facility can generate 940 megawatts of electricity for the PJM market

The real estate firm will build a nearly 200,000 square-foot industrial development in Hicksville, NY.