A new tunnel project will allow the port to increase annual business by a quarter, adding to the market pressures forcing high rents and low vacancies.
After months of record demand, industrial activity may hit a snag as investors wait out the effects of rising interest rates.
Chicago industrial tenants should expect to pay more and widen their search areas.
The hotel likely sold more for its opportunity for redevelopment than its status as an active hotel.
Tenant demand is expected to remain strong despite a shortening of supply amid the rising cost of capital and interest rates.
New York developer DH Property Holdings said it was drawn to the 5-acre site because of its proximity to Boston and Logan Airport.
Rexford has spent about $3B on industrial property in SoCal since 2021.
The 33K SF building will feature two loading docks for tractor-trailers and is situated near an area zoned for increased residential density.
Construction on new manufacturing facilities has increased by 116% over the last year as supply chain issues led companies to shift production closer to home.
LPC West's industrial holdings are expanding in the San Diego area, where vacant warehouses are rare.
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