Regulatory changes at the federal level, coupled with a drop in electric vehicle sales, has postponed the project, Epsilon CEO Sunit Kapur said.
Republican and Democratic members of Arizona's congressional delegation have voiced concerns about the 418K SF facility.
Paul Singer's activist investment firm reportedly has become one of the five largest shareholders in the Southern California-focused industrial REIT.
Nokia's investment is part of its broader strategy to quickly advance the company's AI capabilities.
Ares is launching a new logistics real estate brand after acquiring GLP Capital Partners' international business, excluding China, in March.
Swire Coca-Cola had planned to build near Denver International Airport, but withdrew its plans.
Durcon has broken ground on an expansion for its longtime facility in Taylor, Texas, outside of Austin.
The property saw its valuation slashed from $200M after Simon Property Group gave it up to its lender in 2021.
The development is coming at a time when industrial vacancies in the Austin area are at a two-decade high.
A boom in aerospace demand is creating new demand for factory construction and second-order real estate development.
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