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June 2026 Industrial Report: Rising USMCA Uncertainty Threatens Cross-Border Logistics
A major long-term headwind is facing the North American industrial sector as the U.S.-Mexico-Canada Trade Agreement is poised to miss its renewal deadline. Missing this review date will not immediately terminate the pact, but it shifts the deal into a rolling annual review process. This transition introduces a fresh layer of policy uncertainty that has already weighed on industrial tenants, investors, and developers for over a year.
Joint Venture Locks Down Nearly $1 Billion in Refinancing for Northern Virginia Data Center
A joint venture between Corscale Data Centers and Affinius Capital has secured a $975 million refinancing package for Project Helios, a newly constructed data center that’s part of the Gainesville Crossing Data Center Campus in northern Virginia. Functioning as a refinancing of the facility’s original construction loan, the transaction stands as one of the largest financing agreements recorded to date for a commercial real estate space in Gainesville, Va.
$138 Million Refinancing & Recapitalization Locked in for 370 Lexington Ave.
A $138 million refinancing and recapitalization has been finalized for 370 Lexington Ave., a recently modernized, 317,000-square-foot Manhattan, N.Y., office space within the city’s Grand Central submarket. The transaction was announced by the New York City-based real estate investment and development firm Broad Street Development (BSD) and real estate investment, development and operating firm KSR Capital.
Google Stays Put, Renews Lease at 315 Hudson St.
Google is maintaining its massive presence in Hudson Square, finalizing a renewal for its 410,556-square-foot headquarters at 315 Hudson St. This commitment underscores the technology giant’s ongoing Manhattan office space investments, even as it adjusts its broader real estate footprint.
Top Tools for CRE Brokers
Every commercial real estate broker runs on a stack of tools, and the right setup won’t close a deal for you, but the wrong one slows you down…
Central Business Districts Feel the Brunt of Rising Office Distress
As flight-to-quality consolidates market demand into a limited pool of properties, buildings in central city cores are struggling to retain value. To capture remaining growth, property owners will need to prioritize asset flexibility to counter uncertainties from inflation and AI adoption, which will continue to drive both the ongoing flight-to-quality and the expansion of coworking spaces.
Brennan Investment Group Expands Chicago Industrial Real Estate Portfolio With Sale-Leaseback Acquisition
The company increased its portfolio to nearly 11 million square feet of industrial real estate in Chicago, with the sale-leaseback acquisition of a Class A building in the submarket of Bolingbrook, Ill.
Brooklyn Defender Services Inks Lease at Tishman’s The Wheeler
The Wheeler, Tishman Speyer’s office redevelopment in downtown Brooklyn, N.Y., has officially reached full occupancy following a massive new lease. Brooklyn Defender Services (BDS), a nonprofit organization that provides free legal representation, has finalized a 31-year agreement to occupy 212,000 square feet at 422 Fulton St. The organization’s new headquarters will span six full floors of the 10-story building.
10 Brilliant Coworking Spaces in Brooklyn, NY
A selection of Brooklyn coworking spaces that offer top-notch amenities and strong and unique community character.
Cleveland Announces Largest Industrial Redevelopment to Date
The Midline stretches from Euclid Avenue to the Opportunity Corridor between downtown and University Circle, aiming to create new parks and a two-mile trail that will better connect the surrounding communities to jobs, green space, and each other.
