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Q3 2024 Industrial Ranking Report: Phoenix Nabs #1 With Strong Pipeline & Deliveries
Our ranking report of U.S. industrial markets in Q3 2024 ranked top locations by rent growth, vacancies, online search interest and more.
CoreWeave Leases Kenilworth Lab Space for Data Center Conversion
CoreWeave, with assistance from the property owner and the local electricity utility, will work to transform the 11NEST building at the Northeast Science & Technology Center in Kenilworth, N.J., into a state-of-the-art data center facility to support the innovative biotech community in the region.
TRG Development & Grandview Partners Secure $100M Loan for Dallas Industrial Park
Grandview Partners and TRG Development obtained nearly $100 million in financing for Core45, a 1.64-million-square-foot industrial park in Wilmer, Texas. Benefit Street Partners provided the loan that will be used to refinance existing debt acquired by the property in December 2021.
CIM Group Forecloses on Manhattan Boutique Office Owned by Arch Companies
CIM Group — a real estate lender, developer and operator — has foreclosed on an Arch Companies-owned boutique office space in Manhattan. This action follows months of turmoil for Arch, including internal disputes and financial difficulties.
Miami Office Tower Changes Hands in Historic Sale
The commercial property changed hands in an all-cash transaction that was one of the biggest sales to close in the state of Florida, to date.
Rockpoint Sells Stake in San Diego Business Park
Rockpoint has sold its stake in the San Diego business park located in the submarket of Otay Mesa on Sanyo Avenue to acquisition partner Badiee Development, marking the third investment this joint venture handled together.
From Rust to Renaissance: The Industrial Heartland’s Long Road to Recovery Continues
For decades, the narrative surrounding America’s Rust Belt was one of decline — factories lying dormant, population decline, urban blight and struggling communities. However, a quiet but determined…
Blue Owl Capital Grows Presence at Seagram Building
Blue Owl Capital has significantly expanded its footprint at RFR Holding’s iconic Seagram Building. The firm renewed its existing lease for 168,597 square feet on floors two through six and added an additional 70,076 square feet on floors 16 through 19.
Ares Industrial Management Buys New 4-Building Warehousing Complex in Miami for $147 Million
A joint venture between Butters Construction & Management and Greystar has sold the 23.1-acre Miami Midway Park to Denver-based Ares Industrial Management for $147 million. This represents a price of $291 per square foot and is the largest industrial purchase in south Florida so far this year.
Workbox Moves Chicago HQ to Fulton Market
Workbox moves its headquarters to Fulton Market, a vibrant hub for small early- and growth-stage businesses, which also makes up the majority of the firm’s clients.
