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Funding Round Photo Typewriter
News

Site Technologies Raises $10M In Funding Led By Prologis Ventures

... that the Series A round was led by Prologis' investment arm, Prologis Ventures, and included tech investors Protagonist and DivcoWest ... long-term value and performance for real estate properties," Prologis Ventures Managing Director Will O'Donnell said in a ...

Sep 12, 2023
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Prologis warehouse building
News

Prologis Infuses More Capital Into 2 Major Funds, Clears Redemption Requests

... Karsten Kallevig, managing director of Global Strategic Capital at Prologis, said in a statement. “Now that external valuations ... .1B in industrial properties from Blackstone.  Last month, Prologis CEO Hamid Moghadam said the industrial market is getting ...

Aug 29, 2023
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Empty warehouse space in New Jersey
News

U.S. Industrial Leasing Down A 'Staggering' 47% From Last Year: JLL

... growth, all of those things are trending back to 2019," Prologis CEO Hamid Moghadam said on a July 18 earnings call ...

Aug 02, 2023
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Blackstone Reports Income From Real Estate Sales Down 96% In Q2
News

Blackstone Reports Income From Real Estate Sales Down 96% In Q2

In better news for Blackstone, the firm also announced it reached $1T in assets under management, making it the first private equity firm to do so. A good chunk of the company's AUM is real estate, with $333B of investor capital under management and a ...

Jul 20, 2023
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Germany
News

Prologis CEO Moghadam: Industrial Is Returning To Normal After 'Ridiculous' Few Years

... downward pressure to the leasing velocity in the market, Prologis Managing Director for Global Strategy and Analytics Chris Catan ... cargo for the busy holiday shopping season, Caton said.  Prologis executives said the dynamics at play in Southern California, ...

Jul 18, 2023
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BREIT Still Restricting Withdrawals, Although Receiving Fewer Requests At $3.8B
News

BREIT Still Restricting Withdrawals, Although Receiving Fewer Requests At $3.8B

... assets, selling 70 industrial properties valued at $3.1B to Prologis. The assets total about 14M SF. Blackstone is also rumored ...

Jul 05, 2023
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warehouse/distribution center
News

Prologis Buying $3.1B In Industrial Properties From Blackstone

... expected to close by the end of the second quarter.  Prologis has historically grown by both developing and acquiring property. It ... said in the release. The assets Blackstone is selling to Prologis are held by Blackstone’s opportunistic funds, which usually ...

Jun 26, 2023
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Tornado Alley Is Growing. Can The Logistics Industry Withstand The Whirlwind?
News

Tornado Alley Is Growing. Can The Logistics Industry Withstand The Whirlwind?

... investment?” Climate resilience is a top priority for Prologis, the world’s largest industrial landlord, said Carter ... to protect against severe storms, including tornadoes. “Prologis regularly reevaluates its construction specifications to withstand severe ...

Jun 12, 2023
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Seeking Better Share Prices, REITs Rack Up $22B In M&A
News

Seeking Better Share Prices, REITs Rack Up $22B In M&A

... totaling about $69.1B. Far and away the largest was Prologis swallowing Duke Realty Corp. in a $25.4B deal. And ...

May 31, 2023
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With Occupancy High, Industrial REITs Prepare For New Supply And The Vacancy That Comes With It
News

With Occupancy High, Industrial REITs Prepare For New Supply And The Vacancy That Comes With It

... warned of increasing vacancy rates as new supply delivers.  Prologis, for example, anticipates a demand slowdown as occupiers ... REITs, reflecting sustained high occupancy and stable rental rates. Prologis’ revenue was up 45% compared to the previous quarter, ...

Apr 27, 2023
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