Industrial

“The future is now when it comes to commercial real estate which is evolving at a pace far more rapidly than ever before…”

A New York Building Congress panel said the real trends were in the boroughs outside of Manhattan.

In the Lehigh Valley, 1.5 million square feet of speculative construction added during the third quarter remained largely vacant, says Jared Jacobs, Cushman & Wakefield's Philadelphia research manager.

Due to the continued and increased use of cloud data storage, data centers continue to be in demand here, including some in Silicon Valley that have either opened or been announced for completion in 2018.

E-commerce continues to drive demand for warehouse and distribution space; moreover, the increase in cloud computing is also creating an unprecedented need for data centers.

Realterm Global Co. acquires Bernardo Mesa Technology Center, a 180,946-square-foot warehouse, from a joint venture between Walton Street Capital and Greenlaw Partners.

Labor considerations are “really driving location analysis, more so than ever,” says Pete Quinn, Colliers International's newly named director of industrial services.

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