CenterSquare Investment Management and PAGEWOOD have joined forces to acquire Gateway Industrial Commons, a 621,000-square-foot industrial services facility (ISF) portfolio. ISFs are typically truck terminals, material and container storage yards, and equipment maintenance facilities. Comprised of 46 buildings spanning nine…
Hanley Investment Group Real Estate Advisors arranged the sale of two brand-new construction, single-tenant properties occupied by a 7-Eleven convenience store with a gas station and the adjacent Starbucks, a drive-thru-only prototype in Merced. The two properties were purchased by two individual…
Home Depot recently announced that it was building four distribution centers for professional grade customers throughout the country. San Antonio is one of them. A 400,000-square-foot center will go into an industrial building in Elmendorf. The company will need to…
Equus Capital Partners acquired a nine-building portfolio near Charlotte and Greensboro for $124 million through a sponsored value-add fund called Equus Investment Partnership XII LP. The nine buildings add up to 1.4 million square feet of space. Commercial Edge reports…
CBRE arranged the sale of a 49,805-square-foot warehouse and cold storage facility from Multiple Organics to a Sutter Health entity. Kevin Hatcher and Austin Hinder of CBRE represented the seller. Terms of the sale were not disclosed. Located at 200 Linus Pauling Dr. in Hercules, the…
The electric vehicle start-up Rivian announced that it will delay construction on its Georgia plant and instead begin production on new models at its existing plant in Illinois. The company says it will save $2.5 billion by delaying the Georgia…
The Trepp CMBS Delinquency rate inched up in February, rising five basis points overall to 4.71%. Year over year, the overall U.S. CMBS delinquency rate is up 159 bps. In the closely watched office segment, delinquencies rose 33 bps in…
Ackerman & Co. has experience turning old brick warehouses into thriving mixed-use developments. Along with MDH Partners, Ackerman developed the Lee + White project along Atlanta’s Westside Trail which contains restaurants, breweries and office space. The company has purchased another…
New York City-based pharmaceutical giant Pfizer Inc. has stopped its $350 million manufacturing plant project in Everett, marking a pivot in the company’s strategic expansion after its $43 billion acquisition of Bothell-based Seagen. The Everett facility, located at 215 Shuksan…
A partnership has gobbled up enough land to start work on a Boynton Beach industrial facility. Butters Construction & Development and Channing Corp. have completed their assemblage of 47.2 acres in the Agricultural Reserve west of Boynton Beach. The S….
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