The property will be ready in Q3 and hopes to serve users that need access to the Ports of LA and Long Beach.
The market is coming back down to earth, researchers say.
Miami-Dade saw 2.1M SF of leasing activity in the third quarter, with Broward County nearly matching it at 1.9M SF despite having less inventory.
In Allen, Texas, 121 Technology Park aims to be one of the Dallas area's premier industrial parks with a focus on technological manufacturing.
As industrial vacancy rises in Houston, investors and developers are already looking ahead to the next demand cycle and what could be a severe supply shortage.
Introducing Century Park, Brookhollow's newest industrial trade and business park in Irving, Texas, only a few minutes from Downtown Dallas.
Camber Development and Wheelock Street Capital will use the loan for their 238K SF industrial project at 800 Salem St. in Wilmington.
The group plans to spend $1.5M on capital improvements to bring the site "back to life" for industrial and retail tenants.
Longpoint Partners, Rockpoint, Faropoint and others made industrial acquisitions in South Florida even as leasing activity fell by more than 20%.
It's a big markup from the last time the property traded hands.
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