Industrial

L'Oreal is the first major corporate tenant to migrate from Los Angeles to the Tejon Ranch Commerce Center in Kern County, but more are expected to follow.

"Elevated demand from e-commerce retailers and distributors coupled with a limited supply of land and space, has led to record high sales prices for quality industrial assets like 39 Robinson," says NAI Hanson's Andrew Somple.

Class A availability and vacancy rates have declined precipitously over past 10 years.

Triple Five acquired the 105-acre campus earlier this year in a bank-ruptcy auction for $14 million. Triple Five is planning to redevelop the Shirley, Long Island campus into an aviation education and re-search center.

Harmonic Drive has outgrown the two buildings it currently occupies in Peabody and the move to Dunham Ridge will allow it to consolidate its functions into one building and expand its footprint to accommodate growth.

Sales volumes in San Diego declined in the first half of the year, but research shows that the overall market is still strong.

A construction boom has been underway for several years, but the potential remains for even more growth in the years ahead.

In the fifth year of population growth, developers finalized 594,000 square feet of self-storage space during the first six months and an uptick in completions in the second half will push volume beyond 2 million square feet.