Industrial

Industry news focusing on lease and sale transactions, as well as construction activity in the fast-moving industrial real estate sector, including warehousing, distribution centers, logistics hubs, manufacturing, and data centers.

partial view of the outside roof line and corner of a warehouse building

Amazon Nabs 569,000 Square Feet at Bronx Warehouse

The facility’s proximity to Cross Bronx Expressway, Hutchinson River Parkway and the Bruckner Expressway gives Amazon access to more than 9.4 million potential customers within a 15-mile radius — a boon for the e-commerce giant, which has been increasingly focused on last-mile logistics since the start of the pandemic.

Great Central Transport Leases 2 Compton Warehouse Spaces

Trucking, storage and distribution company Great Central Transport has signed two leases totaling 344,000 square feet of industrial space in Compton, Calif. The largest of the two deals included a 200,000-square-foot industrial building at 601-615 W. Walnut St., which is owned by the San Francisco-based warehousing giant Prologis. The second deal was for a roughly 144,000-square-foot property at 921 Artesia Blvd. that’s owned by JPMorgan Asset Management.

Home Depot Leases 500,000 Square Feet at Duke Realty Warehouse in LA County

Home Depot inked a lease deal that will allow it to fully occupy Duke Realty’s newly built smart industrial building in Los Angeles County. The 529,866-square-foot Irwindale, Calif., industrial space is equipped with a building automation system (BAS), smart metering system, solar panels and high-efficiency air conditioning units.

U.S. Energy Production and Consumption in 2021: On Its Way to Recovery, Commercial Usage Grows 3% Y-o-Y

2021 was marked by several attempts at resuming life and work, albeit within a changing and challenging new environment. Industrial power consumption picked up, and residential usage increased further still, but it’s important to note that remote working hasn’t made offices obsolete – as news of big companies either investing in prime real estate, renewing, or expanding their leases has continued to pour in. However, it has shifted expectations regarding the future of workspaces – not in the least in terms of optimizing energy usage.

Welcome Group Makes 1st South Carolina Industrial Acquisition

The company’s portfolio includes more than 6 million square feet across more than 130 industrial properties in key Texas and Southeast U.S. markets.

industrial real estate outlook with the best markets for industrial space ranked

Longpoint Fetches Miami-Dade Warehouse for $59 Million

“Aventura Industrial Center is strategically located along the Golden Glades interchange, one of the largest interchanges in South Florida where four of the tri-county’s most important roads and highways converge,” said Lobón, an executive vice president at CBRE. “This central location provides equidistant connectivity to each county’s principal growth driver: Miami International Airport, Fort Lauderdale International Airport, Port of Miami and Port Everglades.”

industrial real estate outlook with the best markets for industrial space ranked

Expert Roundup: Brokers Discuss Industrial Real Estate

Since the pandemic started affecting the U.S. economy last March, industrial real estate has proven to be the bright point in an otherwise challenging real estate market. As…

Bisnow Industrial Webinar CommercialEdge

See Where Industrial Real Estate is Heading in 2021 at the Bisnow Broker Roundtable

On Wednesday, March 31, Bisnow is partnering with CommercialEdge to bring you the National Industrial Broker Roundtable at 12:30 p.m. CDT. Panelists will be bringing their expert insights…

U.S. Energy Consumption 2020 Update: 22 States Witness 2-Digit Drops in Industrial Power Usage

The pandemic has been the ultimate black swan event of the past decade. Not only did it require changes in the way individuals and groups interact, but also…

us energy sales during covid lockdown

Lights Out! U.S. States Where Energy Consumption Rose or Fell During Lockdown

COVID-19 has put a damper on the hubbub of our interconnected societies, forcing us into an economic cooldown. As a result, the effects have spilled over into the…