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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.
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While vacancy growth slows as the construction pipeline contracts, tenant demand may be making a comeback as certain markets reset.
The company is continuing to stay active on the acquisition front.
Newport Beach firm buys Inland Empire MOB, to replace with four-story self-storage facility.
The assets take up a total of 1.4 million square feet.
Construction completions are expected to fall over the next few quarters.
This is the third loan Stonepeak has received from PGIM this year.
Madison Capital Group is behind the $250 million initiative.
Industrial vacancy stands at 6.6% while retail vacancy is 4.5%.
The properties are fully leased to PODS.
Construction has plummeted 45% from a year ago to 158 million square feet.