McDonald in turn plans to ramp up its development pipeline of potentially 4M SF of new industrial projects.
Including this one, CenterPoint has spent more than $750M on acquisitions in SoCal this year so far.
Houston industrial rents are poised to rise in the next year or two, as soaring land costs and tightening supply trickle down to tenants.
Sahni Enterprises, which sells digital scales and hookahs, is entering the industrial development business.
Duke bought a now-shuttered glass facility for $34.4M.
Developers of industrial space in the Denver area are increasingly selling their properties soon after completing construction.
Industrial developers are demolishing vacant office buildings in Greater Boston to build warehouses amid the region's supply crunch.
Amazon is shifting toward owning more of its warehouses, sources tell Bisnow, a move that could have major implications for the industrial leasing market.
Ascendas REIT has purchased seven Chicago industrial properties and isn't likely to stop there.
Strong activity overshadowed concerns about the labor market derailing growth.
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