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