Rents are down, vacancy is up, but no alarm bells are ringing yet, according to Savills.
The loan will refinance 12 distribution centers owned by Preylock, a landlord with one of the biggest industrial portfolios leased to the e-commerce giant.
The company still beat analysts' expectations for revenue in Q1.
Leasing activity in Miami and Fort Lauderdale is less than half of what was seen through the first half of last year even as rents continue to rise.
The biopharmaceutical company already has a 1.3M SF R&D campus in Gaithersburg.
STRO founder and principal Steven Millstein said these properties have long been his company's sweet spot, even prior to the e-commerce boom.
Pagewood bought a nine-building infill industrial park and plans to make capital improvements.
First Industrial Realty Trust will increase its Houston presence by 40% with a new warehouse project.
The six-building property sold for more than $30M.
Despite a leasing slowdown overall, shallow bay and smaller warehouses have been commanding the most tenant activity.
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