2020 has been undeniably a devastating year for everyone and every field. The lockdowns, quarantines, social distancing, and the casualties caused by the virus has shaken humanity beyond imagination. Although the construction sector faced a significantly worst side...
Over the last three years, nearly 1 billion sq. ft. of new warehouse space came on-line, but demand for new space continues to outpace supply, with absorption hitting a record 261 million sq. ft. in 2018, according to JLL’s 2019 Industrial Outlook. With vacancy...
The US life sciences industry and the real estate that it occupies have ridden a wave of momentum into this year that has positioned various industry hubs—including Philadelphia—for continued growth, according to a new report from CBRE. Numerous indicators point to...
Thus far in 2019, REITs are on a roll, surging to double-digit returns following the sector’s weak performance in 2018. But will REITs continue outperforming for the rest of the year? As of Feb. 26, U.S.-based REITs had generated a total return of 12.17 percent in...
According to a new report by Transwestern, there was no slowing down the U.S. industrial market in the fourth quarter of 2018. Despite nearly 1 billion square feet of new inventory delivered in the past three years, vacancy ended the quarter at 4.7 percent, less than...
According to a new report by Transwestern, there was no slowing down the U.S. industrial market in the fourth quarter of 2018. Despite nearly 1 billion square feet of new inventory delivered in the past three years, vacancy ended the quarter at 4.7 percent, less than...
Industrial has become the darling of commercial real estate, particularly on the West Coast and in Southern California. Within the popular asset class, multi-tenant industrial properties have become a popular choice for investors. BKM Capital Partners is among the...
The office, education, amusement and recreation, manufacturing, and transportation sectors are expected to be the impetus behind a projected 3% increase in spending on engineering and construction in the United States, according to the recently released 2019 FMI...
The continued proliferation of e-commerce remains a boon for the industrial sector. In all, North American industrial absorption is forecast to register 495 million sq. ft. in 2019 and 2020, with 550 million sq. ft. of new product delivered by year-end 2020. In...
Nonresidential construction spending on buildings is projected to grow by 4.4 percent through 2019, according to a new consensus forecast from The American Institute of Architects. Healthy gains in the industrial and institutional building sectors have bolstered...
Commercial property values in Detroit rose 35 percent between 2017 and 2018 after the city completed its first citywide reassessment of commercial buildings in decades, Mayor Mike Duggan said Monday. The overall value of commercial property in Detroit rose $2.96...
Developers across the U.S. are racing to build larger and more sophisticated warehouses, aiming to capitalize on retailers’ desire for ever-faster deliveries. Property owners are competing for industrial space where companies can sort packages closer to urban...
A digitally-native lingerie brand is using smart fitting-room technology to take a big pain point away from in-store shopping. Adore Me, which has just begun to expand in brick and mortar, has partnered with StoreAdvise on IoT, RFID labels and smart fitting-room...
Of the $500 billion in online U.S. sales last year, $75 to $150 billion worth of merchandise was returned, including $37 billion returns from holiday sales, according to a recent reverse logistics report from commercial real estate services firm CBRE. In fact, returns...
Real estate and infrastructure are expected to remain the most popular of all the real asset sectors in 2019, despite increasing leverage in real estate and slow distributions in infrastructure, industry executives say. The new year is expected to build on the asset...
Commercial real estate brokers are optimistic about their industry’s growth prospects for 2019, according to a poll of brokers that Transwestern released last month. They are buoyed by strong consumer and business confidence, steady employment growth, and the...
Tooling Technology LLC is relocating its headquarters from Ohio to Macomb Township in a $19.9 million move it says will create 100 new jobs over five years. The automotive supplier plans to uproot from Fort Loramie to Michigan, where 257 of its total 650 employees...
Fiat Chrysler, riding a wave of strong truck and SUV sales, is planning to build a new final assembly plant in Detroit even as other American automakers scale back operations in the U.S., according to people familiar with the plan. The assembly plant, an old Mack II...
The limited supply of urban industrial inventory available for “last mile” e-commerce distribution space is causing investors and end-users to get creative by repositioning other types of real estate with failed uses or shrinking demand, according to a JLL...
Real estate services firm Marcus & Millichap presented its 2019 office and industrial forecast during a webinar on Tuesday, signaling mostly positive outlooks for both sectors as the industry nears the end of this economic cycle. Here are some key points from the...
Factories in the U.S. are churning through their inventories, as logistical problems keep some manufacturers from restocking rapidly enough to keep up with rising demand. American factories’ sales rose 8% in September from the prior year, while their inventories grew...
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