The investor completed a pair of refinancing deals: a $493M first-of-its-kind single-asset, single-borrower CMBS loan and a $215M balance sheet loan.
Vacancies are up, but the slowdown brings breathing room.
Chicago leads the nation in office-to-industrial conversions by a significant margin, but developers are starting to face opposition from area residents.
Austin’s industrial sector is experiencing some market challenges, but professionals at Catamount Constructors remain optimistic for the market's future.
A glut of spaces larger than 100K SF is driving up vacancy rates, with another 6M SF of space under construction that is only 10% preleased.
Industrial vacancy drops everywhere but in the city proper, Tourmaline moves into the life sciences sector, and more in this week's Philly Deal Sheet.
The portfolio consists of 48 properties totaling 3M SF of industrial real estate in Southern California.
Memories of top-dollar sales from before the slowdown are keeping sellers and buyers divided.
Amazon's activity is a turnaround in industrial absorption for the e-commerce giant, which paused its voracious leasing after a flurry in 2020 and 2021.
Baltimore's industrial market posted the first quarter of net occupancy loss since 2017, according to JLL, but Class-B and C properties caused the losses.
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