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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.
After stripping out gas, food, and housing, the inflation rate falls to 2.5%.
New deals have slowed, although Q2 originations were up 23% over the first quarter of 2023.
But the Marcus & Millichap CEO says there's more "pain" to come in office.
Newmark secured $500 million for its capitalization.
The number of transactions has slid by 46% YoY, and the total square feet occupied is down by 49%.
Company sold 20-acre Bay Area property to e-retail giant in 2021.
In other news, Amazon may be ready to grow its distribution space again.
San Francisco-based firm aims for $350M total with five separate listings.
Right now, though, high interest rates and tightening lending standards are still taking a toll.
Canadian firm backs out of pending sale of 47-acre site in Canoga Park.