A confluence of factors conspired to drive down rents at self-storage properties earlier in the year, but now with new demand generated by the broader disruptions caused by the COVID-19 pandemic, the sector’s fortunes have stabilized. Though the majority of properties...
Six years after Nevada became the first state to allow driverless cars on public roads, real-estate developers and city planners around the country are stepping up their efforts to court pilot projects. In downtown Las Vegas, for example, a driverless eight-passenger...
The long-empty Michigan Central Depot and a former book depository in Detroit's Corktown neighborhood have changed ownership from the billionaire Moroun family to an entity linked to a New York law firm. The moves come ahead of an expected mid-June announcement that...
Despite increasing valuations and compressed cap rates, industrial/logistics real estate remains “the prettiest girl at the dance,” says Mark Glagola, senior managing director of the Mid-Atlantic capital markets group at brokerage firm Transwestern. “Investors are...
Over the last few years, industrial properties have risen through the ranks among banks and other commercial real estate lenders to become financing’s new sweetheart property type. These include core market warehouse and distribution centers, refrigeration/cold...
Buyers now consider the US industrial market one of the best sectors for new investments. But while the purchases of huge class A bulk distribution buildings grab most of the headlines, the multitenant warehouse segment has grown in importance for institutional...
The industrial property market is charging ahead at a rapid speed as large leases and developments dominate metro Detroit. While new offices get considerable attention, one of the driving forces in the Detroit real estate market is how well industrial space is...
Ford Motor Co.’s potentially transformative vision for a corner of Corktown, Detroit’s oldest neighborhood, may be taking a step forward. Even as the Dearborn automaker remains deep in talks to acquire the historic Michigan Central Depot from the Moroun family’s...
This metro area’s robust distribution market has recently brought in some of the nation’s most important developers and investors, and another big player is ready to jump in as well. Xebec just purchased 106 acres southeast of the city and near the Rickenbacker Inland...
Lear Corp. is actively trying to lease out space in one of its recently renovated downtown Detroit office buildings as the Southfield-based auto supplier re-evaluates its real estate portfolio. The Southfield-based auto supplier is marketing the 50,000-square-foot...
Amgen, a biotechnology company, is expanding in Rhode Island with a new $160-million next generation biomanufacturing plant that will be the first of its kind in the United States (Amgen previously built a next-generation biomanufacturing plant in Singapore). The...
The average age of a U.S. warehouse is 34 years, according to a survey by real estate services firm CBRE. And that likely won't cut it for a retail industry that's moving increasingly toward e-commerce and fulfilling online orders for customers in the blink of an eye....
The last U.S. Census Bureau construction spending report released earlier this month showed that outlays were virtually unchanged from December 2017 to January 2018 but did manage a 3.2% increase year over year. That report was issued about the same time President...
Since the 2016 presidential campaign, President Donald Trump has been touting a $1 trillion infrastructure program that would create jobs and repair or replace elements of the nation's roads, bridges and other public assets, but he told a group of mayors gathered at...
For years, multifamily has been the preferred bet for agnostic commercial real estate investors. But bulwarked by the continued rise of e-commerce and changes among manufacturers and retailers to optimize supply chain management, the industrial sector is giving...
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