Public Storage has acquired 24 properties with 2.3 million square feet of space from Beyond Self Storage in the first phase of a 36-property portfolio transaction totaling 3.6 million square feet and valued at $528 million. The first phase includes existing properties...
Rising e-commerce activity has created new demand for just-in-time facilities near urban core markets, the Port of Oakland and Oakland airport, along with Central Valley fulfillment centers. The Central Valley/Sacramento area continues to drive the majority of...
Total construction starts in 2019 will inch up to $808.3 billion from the $806.8 billion predicted for this year, according to the 2019 Dodge Construction Outlook report, which was released Thursday at Dodge Data & Analytics’ 80th annual Outlook Executive...
Two businesses in Southeast Michigan are investing more than $13 million in expansion projects, the state's economic development arm said Thursday. The Michigan Economic Development Corp. approved a $1 million performance-based grant to Fraser-based medical devices...
On October 1, 1908, Ford launched its first model car in the American market, the Ford T, starting the automotive industry and establishing new paths for industrialization. Inspired by the manufacturing systems of weapons and sewing machines, in 1913, Henry...
The road to recovery has been a long one for the Chicago region. But the explosion of demand for industrial product in the past few years, mostly to due to the rise of e-commerce, has fully revived the sector. A new forecast by Marcus & Millichap says the vacancy...
On the second full day of presentations at the Urban Land Institute’s (ULI) annual fall meeting in Boston, topics ranged from maximizing ROI at mixed-use centers to best practices for incorporating farms and gardens into master plans. Here are some highlights from the...
The rise of e-commerce has made industrial property in the US one of the favorites among investors. And buildings in the Midwest, from which national distributors can reach much of the country, are especially desirable. As a result, by the midpoint of 2018, a series...
Automated warehouses manned at least partially by robots are likely to become mainstream in the future, as warehouse tenants look for ways to overcome a growing labor shortage. Online giant Amazon is already using robots made by Kiva—square-shaped, yellow machines—in...
As U.S. economic growth begins to moderate following a long period of expansion, commercial real estate should continue to hold its own. This was one overarching theme in the Urban Land Institute’s (ULI) Real Estate Economic Forecast, a semi-annual survey of...
U.S. employers are boosting benefits—including bonuses and vacation time—at a faster pace than salaries, a move that gives them more flexibility to dial back that compensation if the economy turns sour. The cost of benefits for private-sector employers rose 3% in June...
Industrial redevelopment is more expensive than new construction, but it is essential to bringing more quality class-A product to the market. This is especially true in Los Angeles and submarkets like the San Gabriel Valley, where there is a large stock of class-B or...
Transwestern recently released its national industrial report for the second quarter of 2018. Among its findings was that 37 of 47 markets the firm tracks posted positive absorption for the quarter. In addition, 43 of 47 posted positive absorption from the previous...
A new report from Dodge Data & Analytics shows that the volume of commercial and multifamily construction starts nationally during the first half of 2018 was $101.4 billion, down 1 percent from last year’s first half, although still 2 percent above what was...
According to Transwestern's newly released national industrial report for the second quarter of 2018, 37 of 47 U.S. markets posted positive absorption for the quarter, and 43 of 47 posted positive absorption for the previous 12-month period. Brisk absorption in the...
Amazon, the online innovator that changed retailing, now has plans for a futuristic airborne fulfillment center where it would use drones to deliver goods. The e-commerce giant was granted a patent for the concept last month, and it has another pending for a vertical...
Not long ago, revenue growth for the self-storage sector was off the charts. That led to a robust level of acquisitions, especially by the five major public REITs that lead the industry. That growth has leveled off, but strong demand throughout self-storage continues...
Ask any industrial broker about the most important feature to industrial tenants looking for a new facility and they’ll say “location.” After that, it’s probably going to be clear height, with at least 32 feet, but preferably 36 or 40 feet, especially for large users...
Industrial property sales outperformed other major commercial sectors across the country in the second quarter, driven by the popularity of online retailer Amazon and the migration of brick and mortar retailers to consumer-driven, e-commerce strategies. While sales in...
At a time when downtowns and urban cores in cities across the Midwest and the nation are making a comeback, and redevelopment continues to reenergize and revitalize high-profile civic centers, it’s easy to lose sight of the fact that cities do not exist in a vacuum....
Ford Motor Co. on Tuesday said its investments in autonomous-vehicle development are expected to total $4 billion through 2023 and that it has formed a subsidiary devoted to those efforts called Ford Autonomous Vehicles LLC. The subsidiary will be be based primarily...
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