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News

Amazon CFO: We Have Too Much Space, Too Many People

... beyond,” Brian Yarbrough, an analyst at Edward Jones, told Bloomberg. “Amazon needs to prove to investors that as they slow down ... capacity to demand, though the oversupply will continue to cost Amazon money. "We do expect the effects ... to persist for the ...

Apr 29, 2022
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An Amazon fulfillment center.
News

Amazon Ramping Up Industrial Acquisitions In Pivot Away From Leasing, Sources Say

... describing frequent conversations among brokers and developers about what Amazon has planned for its distribution footprint. A change ... amount of buildings themselves,” a source who has developed Amazon warehouses told Bisnow. “They are building and financing ...

Oct 20, 2021
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Bellevue's skyline in 2019
News

Amazon Halts Construction On 6 Office Towers, Blaming Hybrid Work

... a statement provided to GeekWire and the Nashville Business Journal. Amazon completed its first Nashville tower, a 20-story, 566K ... building that had an initial opening scheduled for 2024. Amazon has not yet provided timelines for pausing or restarting work ...

Jul 15, 2022
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Amazon Launches $1B Fund To Invest In Warehouse Innovation, Automation
News

Amazon Launches $1B Fund To Invest In Warehouse Innovation, Automation

... chain, with an apparent focus on robotics. Amazon has launched the Amazon Industrial Innovation Fund, the internet giant announced ... Alex Ceballos Encarnacion said in the release. While Amazon has revolutionized the logistics industry since its founding, ...

Apr 21, 2022
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Amazon Ups Number Of Postponed, Canceled Warehouses To 49
News

Amazon Ups Number Of Postponed, Canceled Warehouses To 49

... decision comes on the heels of a July announcement that Amazon would postpone or delay 16 warehouses. Those facilities were ... President Marc Wulfraat told Bisnow in a previous interview.  Amazon was already in the midst of expanding its warehouse footprint ...

Aug 25, 2022
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Amazon Adds To Acquisition Spree, Paying $165M For Bank Of America Call Center In Orange County
News

Amazon Adds To Acquisition Spree, Paying $165M For Bank Of America Call Center In Orange County

... County Business Journal, which first reported the transaction, that Amazon is looking into building a distribution center on the 30 ... major redevelopment site in Orange County. In October 2020, Amazon bought the Orange County Register printing plant in Santa ...

Nov 08, 2021
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amazon fulfillment center facade
News

Amazon Crushes Building Materials Supply Chain, Sends Shockwaves Through Construction Industry

... steel producer that said orders for construction projects related to Amazon comprised about 33% of its national capacity, which had ... months in advance, but only some institutional giants like Amazon have enough capital to stockpile materials. This has given ...

Apr 24, 2022
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An Amazon fulfillment center.
News

Amazon To Delay Opening Of Multiple Fulfillment Centers

... in September has now been delayed until 2024, an Amazon spokesperson told a local television station. Another fulfillment ... in Churchill, Pennsylvania, and Austin, Texas.  In February, Amazon announced it would start slowing down its industrial real estate ...

Jun 10, 2022
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Amazon, DirecTV Move-Outs To Leave 500K SF Vacancy For Kilroy
News

Amazon, DirecTV Move-Outs To Leave 500K SF Vacancy For Kilroy

... of the year,” interim Chief Financial Officer Elliot Trencher said.  Amazon is moving out of Kilroy’s West Eighth property in ... $490M purchase of the West Eighth property in 2021 said Amazon was paying “rents significantly below market.”   “We planned for ...

Feb 02, 2023
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Unsplash 1/27/2023
News

Amazon To Sell 400K SF Office Park, Will Be Converted To Warehouse

... ago, as the company further consolidates its real estate holdings.  Amazon paid $123M for the 29-acre property in October 2021 ... the end of April, while Dermody looks for warehouse tenants.  Amazon started shutting down logistics centers at the end of last ...

Jan 27, 2023
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