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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.
Fundamentals are solid but the future is uncertain.
Marcus & Millichap reported that a combination of restrictions is bogging down new development.
The 11-building, multi-tenant portfolio in Broomfield, CO represents the firm's first acquisition within the Denver metropolitan market.
Acquisitions will range from $5 million for smaller assets to $200+ million for national portfolios.
The company says that despite economic uncertainty, growth indicators remain strong, but it reduced guidance for 2022.
Micron to be lead tenant for Broe Real Estate Group Property in Longmont, CO
Firm also hires new top executive.
Firm to develop sites in Melville NY, Islandia NY, and Newark NJ
The final sum breezed by the target $2.5 billion.
Industrial vacancy ticked up 20 basis points in the third quarter and net absorption was down 132 million square feet.