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November 20, 2024 | By Joshua LeslieNew spec distribution center opens near BWI Airport

Colliers tapped to market Hanover Logistics Center

Ridgeline Property Group has wrapped up development on a new speculative distribution center near BWI Airport in greater Baltimore.

November 20, 2024 | BY JOSHUA LESLIE
November 20, 2024 | By Candace CarlisleCore Scientific converts Texas bitcoin campus to $6.1 billion data center hub as AI industry surges

Data centers provide more consistent revenue than cryptocurrency industry, executives say

A North Texas city is paving the way for Core Scientific to spend $6.1 billion to convert its local bitcoin cryptocurrency operations to a data center hub for artificial intelligen...

November 20, 2024 | BY CANDACE CARLISLE
November 20, 2024 | By Christopher GoodwynFlorida firm adds pair of Atlanta industrial parks to growing portfolio

JLL brokers sale of Whittier Mill and Cobblestone Business Park

A Florida firm is growing its holdings in the Atlanta area with its acquisition of a pair of industrial parks.

November 20, 2024 | BY CHRISTOPHER GOODWYN
November 20, 2024 | By CoStar News StaffCoStar World News for Nov. 21

Investor plans to buy three Tokyo hotels; Global law firm leases large London office space; BlackRock partners in French logistics property purchase

November 20, 2024 | BY COSTAR NEWS STAFF
November 20, 2024 | By Melina DuggalVacancy spike in DC-area industrial market may be approaching peak

Flex and specialized space vacancy rates are plateauing

The Washington area's industrial vacancy rate has increased over the past two years, reflecting a challenging landscape for property owners with available space. However, recent tr...

November 20, 2024 | BY MELINA DUGGAL
November 20, 2024 | By Michelle RumoreBack-to-back Hurricanes hurt Tampa Bay’s annual job growth

Retail and hospitality employment sectors collectively lost over 10,000 jobs year over year

Annual job growth dropped to just 0.3% for the Tampa Bay region, according to the most recent release from the Florida Department of Commerce, Bureau of Workforce Statistics and Ec...

November 20, 2024 | BY MICHELLE RUMORE
November 20, 2024 | By Michelle RumoreFort Myers industrial market maintains historic leasing activity pace

Year-to-date leasing volume is 40% above pre-pandemic norms

While other industrial markets across Florida and the country have seen their industrial leasing volume fall, Fort Myers has maintained its impressive and historic pace set back in...

November 20, 2024 | BY MICHELLE RUMORE
November 20, 2024 | By Benoît LégerBridge Industrial targets France; hires Henault as partner and French market head

Jean Henault, formerly of the Carlyle Group, to head American company's continental European expansion

Bridge Industrial is expanding and has its eyes set on Paris, having hired Jean Henault as partner and head of the French market.

November 20, 2024 | BY BENOÎT LÉGER
November 19, 2024 | By Andy PetersSalad dressing, sauce manufacturing plant in Atlanta to sell for $75 million

Lancaster Colony agrees to buy former Naturally Fresh factory from Winland Foods

The parent company of Marzetti, a maker of salad dressings and sauces, is set to acquire a food production plant in the Atlanta area.

November 19, 2024 | BY ANDY PETERS
November 19, 2024 | By Chuck McShaneIndustrial property values surpass office, retail in Charlotte

Rent growth, development push industrial values up 56% in five years

As population growth and a shift to online shopping have increased the demand for logistics space, Charlotte’s inventory of warehouses and distribution centers rapidly expanded. As...

November 19, 2024 | BY CHUCK MCSHANE
November 19, 2024 | By Candace CarlisleLincoln Property starts last-mile logistics hub near Dallas Love Field

Dallas-based developer plans to complete two-building industrial complex by October 2025

Lincoln Property, a growing global real estate services firm, is beginning work on replacing an aging truck terminal facility with a new two-building industrial project near Dallas...

November 19, 2024 | BY CANDACE CARLISLE
November 19, 2024 | By Blaise TomazicManufacturing sector tops St. Louis job numbers

Local labor market added 25,000 jobs in October

The St. Louis labor market has continued expanding, adding 25,000 jobs in October compared to last year, according to the latest Bureau of Labor Statistics data. This increase of 1...

November 19, 2024 | BY BLAISE TOMAZIC
November 19, 2024 | By Sylvia OBrienDallas firm finishes construction of distribution building in Denton, Texas

New building is one of three distribution facilities in ICC-35 industrial park

Local firm CLX Ventures has completed the construction of a four-star distribution building in Denton, Texas.

November 19, 2024 | BY SYLVIA OBRIEN
November 19, 2024 | By Joshua S. AndinoDalfen Industrial secures its first lease at new Miami-area logistics center

Manufacturer leases 96,000 square feet at Midpoint Logistics Center

Dalfen Industrial has signed its first tenant at a newly built logistics center in Hialeah, Miami-Dade County’s second-biggest city.

November 19, 2024 | BY JOSHUA S. ANDINO
November 19, 2024 | By Lou HirshLee & Associates grows hotel team; JLL fortifies Los Angeles retail services unit; Altman expands logistics leasing group

New hires, promotions and other personnel changes

Lee & Associates grows hotel brokerage team

November 19, 2024 | BY LOU HIRSH
November 19, 2024 | By Luc-Étienne Rouillard LafondFrench logistics portfolio sells for €90 million

A joint venture has acquired exclusive rights to the Warenet portfolio of more than 108,000 square metres

French logistics portfolios continue to attract international investors.

November 19, 2024 | BY LUC-ÉTIENNE ROUILLARD LAFOND
November 18, 2024 | By Itziar AguirreConstruction slowdown could help Houston industrial rent growth resume historical norms in 2025

Demand remains steady but recent supply wave largely to blame for slowdown in performance

Similar to other major metropolitan areas across the country, industrial rent growth in Houston has slowed to a crawl over the past several quarters, reaching just 1.9% year over y...

November 18, 2024 | BY ITZIAR AGUIRRE
November 18, 2024 | By Andy PetersFully leased industrial park in suburban Atlanta trades for about $88 million

EastGroup Properties buys three-building portfolio from Ares Industrial REIT

EastGroup Properties acquired a fully leased portfolio of three industrial warehouses in suburban Atlanta from Ares Industrial Real Estate Income Trust.

November 18, 2024 | BY ANDY PETERS
November 18, 2024 | By Brenda NguyenSpending on industrial property in Pennsylvania capital sets new record

International institutional investor behind the region’s top acquisitions

A Pennsylvania industrial real estate market experienced unprecedented growth in 2024, with year-to-date sales volume hitting $740.6 million.

November 18, 2024 | BY BRENDA NGUYEN
November 18, 2024 | By Andria ChengEQT Exeter buys 33 distribution buildings in a dozen US markets

Industrial property owner has said it’s a compelling time to invest

EQT Exeter, the real estate arm of Swedish investment giant EQT and one of the world's largest industrial property owners, has bought 33 distribution buildings spanning 12 U.S. mar...

November 18, 2024 | BY ANDRIA CHENG
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