Industrial

Singapore's largest REIT acquired 7 industrial properties in the Chicago area for $99M.

Using a new metric called True Months of Supply, Prologis adjusts its IBI Index to factor in pipeline leasing activity.

The 196,647-square-foot property is occupied by Quantum Scape as a battery development facility.

The firm has acquired an 11.5 acre site and received city council approval for the two-story project in the city's Goose Island neighborhood.

Prologis ups rent-growth forecast after factoring in inflation and construction delays.

In partnership with a CBRE Investment Management separate account client, the firm is building a 116,000-square-foot life science property.

The firm has purchased a single-tenant, build-to-suit industrial asset within the New Orleans metropolitan area.

"We believe the latest offer, virtually unchanged from its prior proposals, is insufficient," the REIT said.