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Prologis has dropped its offer to purchase a former Raiders athletics facility in Oakland.
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In total, Prologis' portfolio of solar installations is expected to generate 82 megawatts of solar energy.
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The campus would include soundstages and office space near DTLA's Arts District.
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Analysts don't see a positive turanaround coming in the industrial sector anytime soon, they wrote in a note about the downgrade.
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The world's largest industrial developer is exploring capitalization strategies for data center construction as it builds a massive energy bank.
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The industrial giant beat analyst expectations but said President Donald Trump's tariff policies kept it from boosting its 2025 guidance.
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Tenants leased or renewed 62.3M SF from Prologis in the third quarter, and executives expect roughly the same leasing volume in coming quarters.
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The industrial giant had 44M SF of leases commence in the fourth quarter, with roughly 25% being new deals, while it also grows its power bank for data centers.
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The industrial giant posted a 9% gain in funds from operations as it executed leases and broke ground on 1.3M SF of fully leased space in the second quarter.
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Industrial giant Prologis’ CEO expects construction costs to keep rising as immigration policies strain the labor pool.
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