Industrial

Many tenants now want creative, cost-effective spaces outside the CBD.

The sector achieved nearly 1 million square feet of growth between July and December of last year, with countywide vacancy reaching below 5% by year's end, according to Cushman & Wakefield.

Vista Investment Group acquires a 314,000-square-foot office campus for $113 million in a sale that represents one of the largest real estate transactions in Silicon Valley in the past 12 months.

“A new fulfillment center in Staten Island will help us meet the home furnishing needs of our customers in the New York metropolitan area,” says Ikea's Lars Petersson.

A new CBRE report finds oil producers are adapting to the new landscape by restructuring to focus on onshore operations, increasing rig and operator efficiency and exploring alternative energy sources.

Western Realco sells a new free-standing warehouse with two-story office here for $32.5 million after redeveloping the property on spec and razing a vacant 88,000-square-foot office building.

There were approximately 210,525 square feet of new leases and renewals executed in the three counties surveyed (Burlington, Camden and Gloucester), about half the total compared with the previous quarter.

The $3-billion deal for Pure Industrial Real Estate Trust will give Blackstone another 22 million-plus square feet of logistics space in both Canada and the US.