Industrial

The change in net lease property cap rates during the second quarter showed mixed results, with retail cap rates experiencing their greatest quarterly increase since 2011, while office and industrial rates compressed.

“Investors responded very favorably to this offering given the uniqueness of the asset and the property's superb location,” says HFF's José Cruz.

The metro area has a bright future as a distribution hub.

The Newark data infrastructure now is the envy of many locations around the country, featuring 10 gigabit-per-second speed, one of the fastest urban data networks.

Of the 3 million square feet of industrial under construction in San Diego County, 2 million square feet is under construction in North County alone.

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

The 240,66-square-foot cross-dock facility has been owned and occupied by Hellman Worldwide Logistics since its opening in 1996 and serves as the Osnabrueck, Germany-based company's North American headquarters.

CBRE says that this is the largest industrial lease transaction in the Baltimore Metro area for the first half of 2018.